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Location: 

Bangalore, KA, IN

Actuary Pricing Tools 

Corporate Title: Assistant Vice President 

Division: BCS-Property & Specialty Underwriting (50001532)

Department: BCSC-P&C Centre (50001574)

Recruiter: Chaitra Singh

Hiring Manager: Ashish Arun Sinha 
 

About Swiss Re
 

Swiss Re 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. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of our 15,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

Position objectives and position summary (short and precise definition of most important activities)

Make a difference in your career journey with the second biggest reinsurance company in the world with 12,000+ diverse employees in over 60 offices worldwide. This is your opportunity to be part of the Reinsurance Business unit working closely with our underwriting units and other business functions globally.

Our location at the heart of Bangalore has been witnessing sustainable growth – the kind of growth characterized by the complex and differentiated value delivered to the business.

This position is an exciting opportunity to join the Tools and Systems Asia team located in Bangalore. The focus of the Actuary Pricing Tools will be project management, design and support of the existing and future costing, pricing, and underwriting tool landscape. You will also engage in activities of the global Tools and Systems team and closely collaborate with its team members

 

Main tasks/activities/responsibilities (in brief statements describe the main accountabilities of the job and specify responsibilities)

The Tools and Systems Asia team is a team within Tools and Systems being part of Property and Casualty (PnC) Reinsurance. You will be joining our team involved in:

  • Developing and productive maintenance of major PnC costing/pricing tools, with focus on portfolio rating (treaty), and subsequent implementation following Swiss Re standards and reinsurance business needs and requirements in close collaboration with the existing Tools and Systems team
  • We are building the future tool landscape, focusing on treaty business, considering the full end-to-end underwriting process with key areas costing and pricing in close collaboration with the existing Tools and Systems team
  • We Ensure operations are implemented according to internal guidelines and standard methodologies
  • Providing tool support, knowledge, documentation, training and best practices as well as transactional support during peak treaty renewals
  • Delivering costing tools, processes and methodology training, with focus on Asia and Australia
  • Supporting development and reviewing local, tactical tools (End Using Applications)
  • Ensuring governance process around tool development, focusing on costing/pricing including tool reviews
  • Ad hoc work within the underwriting and actuarial area, like development of new actuarial models, data analysis, creating reports, performing business intelligence activities, etc.

Job requirements (education, linguistic ability, professional experience, leadership qualities, soft skills)

Education

  • University degree M.Sc. or Ph.D. in Science (Mathematics, Physics, Statistics, Computer Science, Actuarial Science, Engineering, etc.) with solid numerical, mathematical, statistical or similar background
  • Knowledge of programming (Object Oriented language like Java, C++, C#) an advantage
  • Flair and experience in designing, specifying, implementing and testing of actuarial functionality in IT systems according to business requirements
  • Willingness and ability to achieve a full Actuarial qualification is an advantage but not required
     

Skills and Experience

  • Minimum of 8 years working experience in Insurance or Reinsurance – preferably with experience in costing/pricing systems and tool development
  • Preferably underwriting experience in property and casualty reinsurance
  • Capable of understanding and prioritizing business requirements, evaluating different implementation options and translating them into viable IT solutions
  • You should be an Excellent problem solver
  • Sound conceptual capabilities and strong analytical skills
  • Accomplished interpersonal and communication skills – demonstrates a clear and eloquent standard of written and verbal English communication in a complex environment
  • Interested in working in an international, multicultural and complex environment
  • Work well in a distributed team with diverse partners spread across the world
  • Identify, encourage and accommodate different points of views
  • Project management skills and experiences would be an important advantage
  • Willingness to travel

 

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, including gender identity or expression, sexual orientation, age, marital status, veteran status, or disability status.

Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases.

    

We will ensure that individuals are provided reasonable accommodation as per need to participate in the job application or interview process. Please contact us to request accommodation.

 


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Reference Code: 91901