Actuarial Analyst

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Swiss Re in Bengaluru (Bangalore) is seeking a pricing actuary to support the ANZ Pricing & ES team with pricing reviews, experience studies and product development initiatives. You will work with cross-functional teams across markets, underwriting and claims to assess treaty risk and provide pricing guidance.

The role emphasizes strong actuarial judgement, knowledge of L&H modelling and data analysis using SAS and R, and mentoring junior associates within the team.

Qualifications

• Excellent technical knowledge in pricing, experience studies and product development
• Ability to apply actuarial judgement in a commercial environment
• Knowledge of actuarial standard methodologies
• Knowledge of L&H modelling and data analytical software (SAS and R)
• Strong organization, prioritization and planning skills
• Experience in actuarial product design, pricing & ES is advantageous

Responsibilities

• Support pricing actuaries in pricing treaties for ANZ market, focusing on Open Treaty Reviews
• Provide pricing support/advisory recommendations for Lines of Business
• Maintain pricing Terms of Trade and inputs through analysis
• Support regional projects and cross-functional collaboration with markets, underwriting and claims
• Mentor junior associates in the team

Skills

Pricing knowledge

Actuarial judgement

Actuarial methods

L&H modelling

Data analysis (SAS)

Data analysis (R)

Planning & organization

Education

Actuarial exams progress

Tools

SAS

R

Job description

To support the ANZ Pricing & ES team, by providing technical expertise in respect of product pricing, experience studies and other initiatives.

Key Accountabilities

• Support the pricing actuaries in pricing treaties for ANZ market; responsibilities will focus on Open Treaty Reviews
• Support ES requirements for the region if any
• Provide Quote support/advisory recommendation for various Lines of Business and maintenance of pricing Terms of Trade.
• Provide support in inputs through analysis and maintenance of pricing Terms of Trade.
• Support the ANZ pricing actuaries in any local/regional projects as required.
• Work effectively with a cross-functional team of experts from client markets, underwriting, and claims towards assessing the risk associated with a treaty or opportunity.
• Provide technical, research and project management input for product development initiatives and pricing policy.
• Always ensuring the adherence to pricing guidelines and standard methodologies, and their consistent application.
• Mentoring the junior associates of the team.

Key Skills & Knowledge

• Excellent technical knowledge in all areas of pricing, experience studies and product development and fundamental knowledge of the products and services offered by insurers/reinsurers.
• Ability to apply actuarial judgement in a commercial environment.
• Good understanding of actuarial standard methodologies.
• Knowledge of actuarial L&H modelling and data analytical software's: SAS and R
• Organization, prioritization and planning skills.
• Knowledge of L&H actuarial modelling and data analytical software's.

About the Team

Part of pricing & underwriting services team with around 80+ members between Actuarial and Underwriting teams located in Bangalore. This role will be supporting Australia and New Zealand market (ANZ) for reinsurance pricing - actuarial and experience studies.

About you

• Strong actuarial experience in insurance/reinsurance sector, ideally 2+ years of experience preferably pricing or ES.
• Experience in actuarial product design, pricing & ES, including use of any actuarial pricing tools will be an advantage.
• Good actuarial exam progress for actuarial institutes
• Excellent interpersonal, communication and influencing skills.

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 15,000 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.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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