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Bangalore, KA, IN

Senior Actuarial Modelling Analyst

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. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.



Senior Actuarial Modelling Analyst (Band E)


The RAFM Modelling Centre of Excellence (MCoE) is a large global team, responsible for creating and maintaining the RAFM and Prophet actuarial models and Unify workflows used across 7 Swiss Re Life and Health Reinsurance locations.  With a current team size of 15 based across 3 locations, the MCoE's remit spans from understanding requirements from our regional stakeholders, through to the development, testing, quality assurance, maintenance and on-going support of RAFM, Prophet and Unify.

The MCoE in the wider context of Swiss Re Reinsurance is part of the Life & Health Business Management division, which is responsible for the inforce management of Swiss Re's global L&H Reinsurance business.  

An exciting opportunity for a skilled actuarial professional to join the MCoE team has become available. As a qualified / part qualified actuary or experienced actuarial software developer with 5+ years of life insurance/reinsurance experience, the successful candidate will be able to demonstrate sound technical actuarial knowledge and experience developing actuarial models, specifically cash flow projection models and associated tools.

Reporting to the MCoE Development Lead, who is based in London, you will carry out required developments to the various L&H actuarial models and tools owned by the MCoE team.  The successful developer will ensure business requirements received from stakeholders are translated into detailed functional and technical specifications and implemented into the models and tools in a controlled, auditable and robust manner. This will require following the MCoE's best practice development processes including transparently testing and documenting developments before the models and tools are handed these back to stakeholders for their use in the valuation process.  You will be aligned with the model developments which best fit your skill set.  You will also be provided training and coaching on the other tools maintained by the MCoE team to increase your breadth of knowledge as an actuarial developer


The ideal candidate will have the following skills/experience:

  • Skilled actuarial software developer with at least 5+ years of experience developing complex applications ideally in the insurance/actuarial industry. Hands on development experience in at least one of RAFM, Prophet, Unify, VBA, Powershell or Python is ideal.
  • Excellent organisational and analytical skills with attention to detail – able to quickly absorb details on business structure, product features and model requirements.
  • Working knowledge of quality assurance and testing methodologies
  • Good communication, both written and verbal, with an ability to work with other RAFM MCoE team members in multiple locations
  • Ability to identify complex problems, find innovate solutions and translate this into software solutions within the modelling platform
  • Ability to work independently, accurately and deliver to deadlines
  • Shows initiative in identifying issues and supporting other team members, peers and senior stakeholders
  • Ability to work under pressure and prioritise tasks accordingly

Reference Code: 108830 


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