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Swiss Re is hiring an

Actuarial Intern (MCoE Team, Summer 2024)

About the Team

The L&H Modelling Centre of Excellence (MCoE) is a large global team, responsible for creating and understanding the AXIS actuarial models and supporting tools relied on by hundreds of actuaries responsible for financial reporting and business steering across all Swiss Re L&H Reinsurance locations (US, Canada, Europe, Africa, Asia and Australia). Two teams have recently been combined to form this now global team, and the combined team is refocused on creating consistent, intuitive and highly efficient AXIS models and modelling tools for the entire L&H portfolio.

With a team size of approx. 50 based across 4 global locations, the MCoE works closely with stakeholders to understand their actuarial modelling needs and executes the end-to-end modelling and tool development process including specifications, development, testing, governance and maintenance. The MCoE is also involved in driving new technologies to use data insights, and on optimizing modelling processes by implementing innovative solutions to achieve automation and efficiency.

As an actuarial student with some exposure to developing actuarial projection models, understanding the actuarial assumptions, data and methodology, and in analyzing and explaining cashflow and reserve projections.

Core Responsibilities

  • Craft robust AXIS models and supporting tools to ensure they are fit for purpose, robust, efficient, in line with best practice and improve value to our stakeholders.
  • Adopt best practice on modelling tools, model maintenance, actuarial analysis.
  • Enhance AXIS modelling platform, Swiss Re's wider valuation systems landscape, L&H (re)insurance business, and regulatory and accounting rules
  • Support optimization of our operational framework to ensure MCoE activities are conducted effectively and add most value in a controlled, transparent, efficient, fast and flexible manner.
  • Provide support for new technologies, including new tools available from Moody's to improve the wider modelling process

About You

  • Currently pursuing your Bachelors in Actuarial Science.
  • Proficiency in AXIS and SQL or other similar tools an asset.
  • Experience with L&H pricing and/or valuation in the insurance and/or reinsurance industry will be an added advantage.
  • Desire to learn from highly skilled industry professionals across multiple fields to grow your professional development.
  • Good quantitative aptitude – able to understand and comprehend actuarial concepts and/or complex business requirements
  • Excellent organizational skills - ability to work under pressure and priorities tasks accordingly
  • Reliability – integrity, judgement, energy/will, ownership, analytical power.
  • Growth mentality with a desire to learn from highly skilled industry professionals across multiple fields to grow your professional development.

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 and their passion for sustainability.

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