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Location: 

Armonk, NY, US

 

Senior Portfolio Actuary 

About Swiss Re

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organized into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.

 

About the Role:

We seek an energetic and resourceful professional to join the US Casualty Treaty underwriting division. The Senior Portfolio Actuary is primarily responsible for working on projects, at the direction of the casualty management team, using data analytics to assist in steering and improving underwriting performance. You will work closely with the underwriters and actuaries to evaluate various deals, portfolios, and pricing parameters using both internal and external data sources.

The secondary responsibility will include the pricing of casualty treaty reinsurance across all lines of business (general liability, motor/ automobile liability, workers compensation/ employer's liability, umbrella liability and professional lines). This entails reviewing and summarizing account data, analyzing it and performing deal pricing by quantifying the impact of various contract features, underwriting exposures and legal, regulatory and societal trends while using actuarial pricing models and techniques.
 

This position will report to the Head of the Casualty Actuarial Center of Excellence and will have the opportunity to work across all underwriting desks with exposure to a wide range of clients.
 

The job activities include but are not limited to the following:

  • Leveraging and expanding your expertise in both internal and external data sources and how to access the data needed. Learn and apply (innovative) techniques to claims, policy and other datasets to analyze a wide array of underwriting topics.
  • Portfolio analytics including the creation of tools and reports for the management team that allow more effective portfolio steering through data insights. For example, benchmarks studies, profitability studies and single risk accumulation monitoring.
  • Clearly articulate data insights to team members both verbally and/or through exhibits.
  • Create and prepare exhibits and reports summarizing findings for client delivery and/or external communication.
  • Ability to work on a wide range of accounts including complex deal structures and large structured transactions
  • Participating in broker and client visits, audits, and renewal meetings
  • Effectively communicating the pricing analysis to the cross-functional deal teams including senior management
  • Building underwriting skills and acumen and potentially making underwriting decisions on a limited basis
  • Taking a leadership role in testing of pricing tools and updating parameters for costing tools such as loss trend assumptions
  • Participating in various cross functional teams and projects, and providing best actuarial practices
  • External representation within key industry groups e.g. CAS
     

About the Team:

The Casualty team is responsible for a wide range of US ceding companies, including direct and broker-produced business. The team includes senior actuaries and underwriters who work with corresponding client managers and other staff including claims, risk management, reserving, contracts specialists and legal. We are primarily based in Armonk, NY and work with stakeholders in a number of Swiss Re offices including Schaumburg and Chicago, IL, New York, NY, Kansas City, MO, and Westlake Village, CA.
 
About You:

  • Strong analytical/quantitative experience with computer programming experience
  • Associate or Fellow of the Casualty Actuarial Society (ACAS, FCAS) desired. (or ongoing work towards these designations)
  • 5+ years of reinsurance casualty treaty pricing and analytics experience in the relevant lines of business preferred.
  • Undergraduate Degree required, advanced degrees preferred in Actuarial Science, Math, Statistics, Economics, Engineering and/or Computer Science, other academic focused areas would be considered i.e. legal background.
  • Proficiency in Python and/or R, including the relevant statistical and machine learning packages, desirable.
  • Ability to incorporate forward looking views of the market in underwriting decisions.
  • Outstanding communication skills are essential; ability to present complex ideas/analysis to a range of internal stakeholders with varying backgrounds and externally with clients and brokers.
  • Ability and desire to work effectively in a team-oriented environment with other actuaries, underwriters and account executives in a cooperative and open manner, flexibility when working with remote locations.
  • Some travel required, primarily domestic within the US.
  • Natural desire and curiosity to continually learn and self-develop

 

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

 

Keywords: 
Reference Code: 88705 

 

 


Nearest Major Market: White Plains
Nearest Secondary Market: New York City