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    Actuarial Analyst I - Chicago, United States - Swiss Re

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    Description

    This is an excellent opportunity for a P&C reserving actuary to further develop their career within an international business environment. This position reports to the Head of US Actuarial Management, which is part of Swiss Re Group Risk Management. The focus of the role will be on reserving, economic valuation, and financial reporting. Furthermore, the position supports the business unit's growth strategy by collaborating in various projects, such as supporting actuarial process development including the implementation of a new reserving platform and IFRS accounting standards.

    Location is flexible and we will consider remote working arrangements for the right candidate.

    About the Role:

    • Quarterly estimation of P&C insurance portfolio reserves (local statutory, US GAAP) including cooperation with internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting)
    • Estimation of the corresponding pay-out patterns serving as one of the input parameters for IFRS valuation
    • Supports Finance in the preparation of internal and external (statutory) financial reports and presentations
    • Supports Risk Management in the preparation of the Capital and Solvency calculations
    • Prepares appropriate recommendations to reserve committees and legal entity management
    • Detailed ad hoc portfolio reviews and analyses as required including management support
    • Ensures effective feedback loops to Business, Underwriting, Claims, and Finance units
    • Improves and assures process efficiency and quality by automating process steps
    • Ensures compliance to local insurance laws and regulations for actuarial reserving matters
    • Contributes to actuarial and assumes (international/Group) assignments and projects
    • Inter-regional coordination with Swiss Re actuarial teams for improving the quality of actuarial analysis through simplification and automation of global processes

    About the Team:

    The position is embedded within a small group of senior actuaries and analysts who are responsible for setting property and casualty reserves for the CorSo US carriers.

    About You:

    • Minimum of 3 years' experience in a Property & Casualty insurance environment preferred
    • University degree in actuarial science or related field (mathematics or finance)
    • Qualified actuary of the Casualty Actuarial Society or an internationally recognized association, or actively moving toward an actuarial designation
    • Good understanding of actuarial methods, accounting principles, and information systems
    • Familiarity R, SAS, SQL and/or other programming languages which support statistical computing, data visualization and analysis
    • Actuarial valuation and reporting experience required, experience in other actuarial fields (pricing, underwriting, solvency) an asset
    • Knowledge of statutory and regulatory environments in the US
    • Outstanding interpersonal and communication skills – demonstrates a clear and articulate standard of written and verbal communication in a complex environment
    • Proactive in seeking out and providing information
    • Actively looks to contribute and take on additional responsibility
    • Integrative personality with the ability to successfully work together with different personal styles and cultures

    For the states of Colorado, California, Washington and New York the estimated base salary range for this position is $68,000 to $150,000. The specific salary offered for this, or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.


    About Swiss Re Corporate Solutions


    Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

    Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

    Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces 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.


    Keywords: Actuarial Analyst, Actuary, Remote, Hybrid
    Reference Code: 128255


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