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Swiss Re is hiring a

Portfolio Management Actuary

About the role

As a Products Actuary, you will support setting and monitoring target margins across the iptiQ entities, monitoring of underwriting performance and developing insights and strategies to optimise profit margins.

With a focus on both L&H and P&C products and covering three regions, the main task and activities are:

  • Setting of minimum and target profit margins across the different regions to achieve our global financial plans

  • Timely monitoring and reporting of costing decisions against target profit margins

  • Timely monitoring and reporting of actual experience (such as claims, lapses, sales, business mix) against expectations

  • Application of data scientific methods to analyse experience data

  • Identify opportunities and create strategies (including reinsurance) to optimize profit margins

  • Support capital and capacity steering to the most attractive areas, via performance monitoring of iptiQ's underwriting portfolios and distribution partnerships

  • Ensure consistency in reporting analysis across the different regions

  • Develop strong relationships with peers in iptiQ entities

About the team

Under the leadership of the iptiQ Chief Underwriting Officer, our Chief Underwriting Office is responsible for the underwriting performance of iptiQ globally and ensuring strong and robust governance is in place. The Global Portfolio Management team is a new team created within the Chief Underwriting Office to provide global portfolio steering and performance monitoring, with the aim to optimize growth and profit margins.

About you

We are looking for a qualified actuary able to influence decisions and motivate junior colleagues to deliver great results.

Must haves:

  • Minimum four-year degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability

  • Qualified actuary (FIA/FFA/FSA or equivalent)

  • Excellent knowledge of relevant statistical and actuarial models and data scientific methods

  • Solid L&H or P&C insurance industry expertise and market knowledge, with more than 3 years of costing experience in re/insurance

We are looking forward to your application!

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 tasks.

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

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. 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.

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