Pricing Actuary

Objective of Role:

To lead the Bangalore Life & Health Actuarial team (pricing), and to provide advice and technical expertise in respect of product initiatives throughout Life & Health business of Swiss Re in Australia and New Zealand.

Key Accountabilities:

• Leading the pricing team for the ANZ market in Bangalore by ensuring effective prioritization and allocation of work, satisfactory engagement of team members and monitoring delivery timelines.
• Support the pricing actuaries in pricing treaties for ANZ market; initial responsibilities will focus on Open Treaty Reviews (i.e. existing treaties open for new business)
• Provide Quote support/advisory recommendation for ANZ market for various Lines of Business.
• Provide support in maintenance of pricing Terms of Trade;
• Support/Lead the Asia pricing actuaries in any local/regional projects as required.
• Support & review ES requirements for the region if any.
• Work effectively with a cross-functional team of experts from client markets, underwriting, and claims towards assessing the risks associated with a treaty or opportunity;
• Provide technical, research and project management input for product development initiatives and pricing policy across all business lines in the Life & Health space;
• Always ensuring the adherence to pricing guidelines and standard methodologies, and their consistent application;

Key Skills & Knowledge:

• Excellent technical knowledge in all areas of pricing and product development;
• Fundamental understanding and knowledge of the ANZ (preferred) insurance and reinsurance industry and knowledge of the main products and services offered by various insurance and reinsurance companies;
• Ability to use sound actuarial judgement in a commercial environment;
• Good understanding of relevant actuarial best practices;
• Organization, prioritization and planning skills.
• Knowledge of actuarial L&H modelling and data analytical software's.
• Mentorship and guidance of junior team members

Candidate Requirements:

• Nearly qualified/ Qualified Actuary from any recognised actuarial body (IAI, IFoA, CAS, SOA).
• Strong technical insurance/reinsurance experience, with 5+ years of actuarial experience, ideally in Asian markets
• Experience in actuarial product design, pricing & ES, including application of any actuarial pricing tools. This will be an added advantage.
• Excellent interpersonal, communication and influencing skills.
• Leadership and management experience preferred

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.