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Swiss Re is hiring an

Actuary (P&C Reserving)

About The Role

We are looking for an ambitious reserving actuary to join our team in performing quarterly actuarial P&C reserve calculations. You will have the opportunity to:

  • Work with a brand-new actuarial reserving tool (SPIRE), apply the various actuarial reserving methods to reserving portfolios and decide on the most appropriate reserves for the financial accounts

  • Estimate nominal ultimate claims and their pay-out patterns, digging deeper into portfolios as required to identify segments needing specific focus and separate monitoring

  • Support the reserving of individual non-traditional structured deals, with a focus on understanding deal-specific terms and conditions and key interactions with other deal stakeholders

  • Challenge costing accuracy, contribute to reporting and build a deep understanding of non-traditional structured reinsurance in particular

  • Interact with other functions such as Underwriting, Claims, Technical Accounting and Finance as well as with senior management and build trustful long-term relationships

  • Support the transition to IFRS accounting and shape the associated reporting

  • Work on or lead actuarial-related projects and systems development

About The Team

The London Hub EMEA Actuarial & Reserving team consists of 7 actuaries with diverse backgrounds. We value a good team and collaborative spirit. We frequently interact with a large number of stakeholders from different functions. Therefore, we value strong communication skills just as highly as strong technical expertise. Our London Hub reserving team takes responsibility for a number of key EMEA portfolios including all EMEA Marine and Aviation business and all EMEA non-traditional structured deals (across all lines of business). In addition, we support a number of XFT Portfolio Steering teams and provide Legal Entity and Branch reporting activities.

About You

We are looking for an open-minded, trustworthy and enthusiastic team player who can constructively and respectfully engage in challenging conversations. To be successful, you need to have strong communication and partnering skills to be able to earn trust with our stakeholders. Are you at ease with leaving the comfort zone and performing under pressure? Are you an experienced nearly/newly qualified actuary with experience in Reserving/Financial Reporting and/or Pricing in Insurance or Reinsurance? Are you familiar with underlying reinsurance contract structures/features and (re)insurance markets and products with:

  • University degree in science or related subjects

  • Strong analytical and quantitative skills

  • Programming skills in R, Python or other related languages would be an advantage

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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