Actuarial Analyst

  • 35420
  • Non-Life - Actuarial
  • |
  • Switzerland
  • |
  • Jun 21, 2019
  • Support the process by which content experts provide data to the Non-Life Internal model process for primarily the premium risk. In particular, Nat CAT data management and review as well as support for the management of the aggregation process where all Non-Life Underwriting risks are combined.
  • Participate in implementing the model run, ensuring data completeness and reasonability, updating dependence assumptions, validating model output and ensuring that the process and controls are effected as required and documented.
  • Analyze the output of the model and subsequently assist in presenting the results to management.
  • Support the external communication of the result of Group and select solo models with the regulatory, rating agencies and for the Investor Day including conducting any special studies / analyses as may be required.
  • Specifically including ORSA Support to the Solo entities that use the Non-Life modelling tool to satisfy their ORSA regulatory reporting requirements.
  • Support the internal business uses of the model including:
  • Support the analysis of Non-Life retrocession alternatives, evaluation of the impact of planned changes, impact of special significant deals / transactions / portfolio changes as required by P&C management.
  • Support the development, maintenance and update of the tools and processes supporting the Internal Model operational runs.
  • One of the primary team members for the specification, testing and maintenance of the Non-Life internal model tool used for the Premium and Reserving risks.
  • Analogous responsibility for the update and maintenance of the related documentation on methodologies and processes that are the basis of not only the internal IT specifications for the tool, but also the official documentation that is submitted for approval by our regulators.
  • Contribute to the development and maintenance of the primary reporting tool that supports.
  • Management’s validation during a final presentation of the output of the Non-Life sub-module of the Capital mode.
  • Additionally, as needed, create and script any ad-hoc reporting requirements that may be relevant for a given quarterly or annual reporting period. Furthermore, specify and contribute to the implementation and testing of the later integration of such reports in the standard reporting tool.
  • Primary support for the dependence calibration of the Non-Life Capital Modelling tool.
  • Key member of dependence calibration team, supporting annual workshops targeting the re-calibration of a pre-selected part of the model.
  • Primary responsible for maintaining the internally developed model that determines the final calibration before input into the tool and validation by management.
  • Ownership and maintenance of processes, controls and Reference data.
  • Support the maintenance and update of all Reference data relevant to the model. Knowledge of portfolio changes, changes in related systems and inter-dependencies such that required reference data changes could be reflected in the tool in a timely manner.
  • Preferably 2-5 years of insurance or reinsurance experience in actuarial or quantitative areas such as capital modelling, pricing and/or reserving.
  • Actuary working towards full qualification or a person with an advanced degree in a closely related field where strong quantitative skills are required.
  • Experience in using standard business software a must. Competence in a language/tool supporting numerical programing also required.