Bangalore

Intern

Graduate

Life

Health

Reporting

Reinsurance

Risk

Systems

Coding

Pricing

Valuation

Excel

AXIS

About RoleThis role is part of the CPT team within LHPC Bangalore and has the responsibility of maintenance and availability of the actuarial model for the pricing team. The role provides support to the CPT team in its day-to-day activities and other requirements.<ul><li>To set up and maintain inputs, organize results for developing further reports, assess quality, and validate results.</li><li>To support in the development and testing of Actuarial Costing Tools, with a main focus on CPT.</li><li>Use of Actuarial Basis – Shareholder Reporting Rules (EVM) and USGAAP for model development and testing.</li><li>Develop and improve testing tools.</li><li>Apply technical knowledge and process skills to solve problems and develop solutions, i.e., investigating and interpreting data issues/results.</li><li>Support in documenting and communicating outcomes and results to senior colleagues in the team.</li><li>Question existing processes and suggest improvements.</li><li>Added advantage if knowledge of advanced coding skills, mainly R Programming and C#.</li></ul>About the TeamThe LHPC is a global team with employees located in at least 14 cities around the world. The team is responsible for defining L&H risk appetite, reviewing large and unusual transactions, pricing tools, methodology and governance, new business steering, and contract wording. Our vision is to engage the Swiss Re community to steer and enable our L&H business with the goal of making the world more resilient.About You<ul><li>0-1 year work experience (Freshers preferred).</li><li>Graduate or Post-graduate in Business Management, Insurance, Actuarial Science, Mathematics, or Statistics.</li><li>Minimum 3 Actuarial Exams passed as per the new curriculum.</li><li>Understand basic insurance concepts and data analytics tools.</li><li>Ability to work accurately and deliver to deadlines.</li><li>Must be able to interpret business specifications and ask clarifying questions.</li><li>Excellent oral and written communication skills.</li><li>Strong learning motive.</li><li>Proficiency in working with MS Office and advanced coding skills in R Programming.</li></ul>About Swiss ReSwiss 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.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.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Keywords:Reference Code: 134512

About the Role:Main tasks include preparation of valuation ready data, effecting changes in actuarial valuation system, producing the reserve numbers for various business requirements, applying technical skills to reconcile and analyze the output, and supporting new initiatives driven by business unit requirements.<ul><li>In conjunction with the North America team:</li><li>Prepare and review data & prepare valuation ready data.</li><li>Prepare Change of Basis (COB) and CRR systems (Swiss Re systems & tools) to produce reserve numbers for various lines of business and reconcile numbers with different interfaces along with taking care of controls that are set up.</li><li>Prepare necessary communication tools and controls related to production work.</li><li>Actively support yearly sensitivities (PBR, MPS etc.) and any ad-hoc sensitivities as per business requirements.</li><li>Run production AXIS models and manage model change process.</li><li>Perform scaling process and ensure that scaled results look reasonable.</li><li>Support UAT, VRA initiatives, and other system testing.</li><li>Prepare financial statements and exposures for internal and external reporting.</li><li>Facilitate sign-off of final work product by the Bangalore NA team within agreed upon confidence levels.</li><li>Systematically log, communicate, and manage issues found until they have been resolved. This will involve cross-cultural coordination and cooperation across regions.</li><li>Simplify work processes through automation to bring in process efficiency.</li></ul>About the Team:As part of the US L&H Business Management team in quarterly valuation, analysis, and reporting, coordinate with the team in Bangalore and the team in Armonk/Fort Wayne. Take ownership of the tasks assigned and deliver results conforming to the standards set by the unit. Proactively engage with the team to improve the process.About You:<ul><li>Strong data organization and analysis skills.</li><li>Excellent oral and written communication skills.</li><li>Ability to partner with the team in North America given time differences.</li><li>Good team player.</li><li>Strong learning motive.</li><li>Strong critical thinking skills.</li><li>Proficiency in working with spreadsheet and database packages.</li><li>Fresher or 1 to 2 years of experience.</li></ul>About Swiss ReSwiss 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.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

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Actuary Internships Summer 2025 | Job Vacancies & Career Opportunities