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Swiss Re is hiring a

Senior Actuarial Analyst (L&H Products)

About the Team:

L&H Products Services unit in Bangalore provides support to diverse units to L&H Products teams across the globe. The L&H Pricing Services Japan-Korea team supports the team in Tokyo and Seoul with Experience studies, (Re)Pricing, Terms of Trade reviews, Large Transactions and other related activities.

Main tasks/activities/responsibilities:

  • Perform experience studies (ES) for Japan and South Korea market.
  • Provide technical reviewer support for Experience Studies, involving model validation and results peer review.
  • Develop models for experience studies exposure and expected calculations for various lines of business such as Critical Illness, Mortality, Hospital/Surgical Cash etc.
  • Analyse and validate insurance portfolio data, and also work closely with data/system cross functional teams to focus on data quality.
  • Develop portfolio analysis reports with trends and key insights on Actual vs Expected, lapses and claims development based on risk factors such as underwriting cohorts, policy years, age bands, sum assured and more.
  • Support market teams/ XFTs with decision making process by providing data-based recommendation and an understanding of data reliability measures, confidence intervals, etc with an aim to aid assumption setting.
  • Collaborate with stakeholders, be able to explain the ES results in terms of theory and rational behind suitable age/rate labels and application of appropriate rates
  • Brainstorm ideas for automating and continuous development of current processes.
  • Participate in model developments for ES in platforms like SAS/R.
  • Be able to guide and support junior associates in the team.

Job requirements:

  • Bachelors/Master's degree in Mathematics/Statistics
  • Actuarial experience of at least 2-3 years in direct and/or reinsurance (Life & Health)
  • Highly motivated towards actuarial qualification from a recognised institution (at least 3-5 CT series passed)
  • Strong programming skills in SAS/VBA, R, Python are preferred and experience in MS Office (Excel, PowerPoint, Word, Access) is required
  • Excellent analytical skills
  • Excellent oral and written English skills
  • Ability and enthusiasm to work with various regional teams within and outside India
  • Strong team player

About Swiss Re:

Swiss Re is one of the worldโ€™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.

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