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Bangalore, KA, IN

Team Lead Tools & System Bangalore


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 more than 13,000 employees across the world.

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


About the Role

This position is an exciting opportunity to lead our Actuarial Tools and Analytics function located in Bangalore. Do you bring next to your leadership skills a strong technical and analytical background and want to further enrich your experience with reinsurance business, underwriting and tool development know-how? If the answer is yes, read on!

The role is within the Reinsurance Business Unit in the P&C Centre Cluster which is part of the P&C Tools & Systems. The team is responsible for developing and maintaining the P&C underwriting, costing and pricing tools. We are constantly evolving and developing the underwriting platforms focusing on costing and pricing.

Principal Responsibilities

  • Leading the BLR Tools & Systems team and further establish its strong presence in the location
  • Perform the Product Ownership roles for large actuarial methods/costing tools and work collaboratively in shaping up the strategic landscape development in treaty business
  • Collaborate/Lead projects on actuarial modelling and numerical programming
  • Attract, educate, develop and promote talent in the team
  • Manage and optimize the use of resources within the team

About the Team:

This team will also be part of distributed P&C team operating in Zurich, London, Chicago (Schaumburg) and Bangalore. The key objective of our distributed team is to build and own the major global underwriting, costing and pricing tools to write the property, casualty and special lines business. In addition, the team takes more and more care of the e2e underwriting value chain. We define and execute the strategy for a gradual transformation of the landscape for the underwriting of the future focusing on digitization, automation, transformation and data.

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

About You

  • 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
  • Experience with programming language like Java, R, C++, C# or similar 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
  • Minimum of 8 years working experience in Insurance or Reinsurance – preferably with experience in project and programme management
  • 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
  • Excellent problem-solving capabilities
  • 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
  • Demonstrated leadership skills and prior experience in a team lead role
  • Passion towards people development and motivation of junior team members to build a strong talent pool
  • Work well in a distributed team with diverse partners spread across the world
  • Identify, encourage and accommodate different points of views
  • Product Owner or Project management skills and experiences would be an advantage
  • Willingness to travel

We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your task.

Reference Code: 97102 


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