Location:London, GB
About the roleWe are looking for a highly motivated Senior P&C Actuary to join our Actuarial & Reserving P&C EMEA team in Zurich. The focus of this role will be leading the actuarial pricing and valuation of commutation deals in addition to supporting key reserving and financial reporting tasks.
Key responsibilities:- Commutation pricing: Lead the pricing of commutation deals by developing and applying actuarial models to assess their financial impact.
- Risk assessment: Evaluate risks associated with commutation agreements and recommend measures to mitigate adverse outcomes.
- Data analysis: Analyse historical loss data and trends to inform pricing strategies and ensure accuracy of pricing models.
- Collaboration: Work closely with underwriters, claims professionals, reserving actuaries, and other stakeholders to gather necessary input and provide actuarial insights.
- Reporting: Prepare and present detailed reports to senior management, highlighting the financial implications and strategies related to commutations.
- Regulatory compliance: Ensure all pricing activities are compliant with regulatory frameworks and internal policies.
- IFRS valuation: Perform IFRS-compliant valuations of commutation deals to support accurate financial reporting.
- Continuous improvement: Stay abreast of industry developments and contribute to the ongoing enhancement of actuarial pricing methodologies and tools.
- Reserving support: Assist in quarterly and annual reserve calculations for EMEA market business using modern reserving tools and methods.
- Project work: Lead or contribute to actuarial projects, including system development and the implementation of new valuation frameworks like IFRS 17 and Solvency II.
About the teamThe Zurich-based EMEA Actuarial & Reserving team is composed of a diverse group of professionals from various cultural backgrounds. We operate in a collaborative environment, working closely with Underwriting, Claims, Finance, Risk, and senior management. The team is responsible for reserving all EMEA Liability treaty business, as well as Credit & Surety. Furthermore, there is a team performing Solvency 2 calculations. We emphasise continuous learning, support knowledge sharing, and encourage innovation in actuarial science.
About you- Qualified or nearly qualified actuary with 4-8 years of relevant experience in (re)insurance, preferably with exposure to reserving and pricing of long-tail business.
- Experience in pricing or evaluating commutation agreements is highly desirable.
- Strong analytical and quantitative skills, with proficiency in actuarial modelling.
- Programming skills in R, Python, or similar languages are advantageous.
- Excellent communication and interpersonal skills; comfortable working in multicultural and cross-functional settings.
- Fluent in English; additional major languages (especially French or German) are considered a plus.
- Demonstrated ability to manage multiple priorities, work independently, and drive results in a dynamic environment.
LI-HYBRID
About Swiss ReSwiss 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 and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Keywords:Reference Code: 134567
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