Actuary Ascs Analytics Bangalore

**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.

About the role

As a Pricing Actuary, analyzing the profitability of the business is key We need to identify key drivers impacting the portfolio performance. We develop proposal in collaboration with business owners to mitigate gap between what has been costed against actual performance.

You will work with counterparts in Underwriting, Reserving, Claims and Finance to have a 360° view on and develop an independent Actuarial Pricing opinion on the portfolio's expected performance. We develop insights on trends and set parameters to improve the predictability and accuracy of costing models. You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.

**About the team**

The APAC Actuarial Insights team comprised of a mix of expert members already entrenched in their dedicated product specialization and highly motivated newer members who thrive in a dynamic and fast learning environment. This team reports into the Chief Underwriting Officer Standard and is part of Actuarial Insights unit comprising two other regional pricing teams with the same regional directive of driving costing accuracy for Swiss Re Corporate Solutions.

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.

**Main responsibilities**

**Profitability Studies**
- Have a clear independent view on current pricing or loss adequacy driven by data analysis.
- Collaborate with customers and team members to develop a pricing view in and represent and develop compelling recommendations
- Translate details into impactful Executive reports with effective communication

**Costing Accuracy and Data Analytics**
- Translate profitability findings into corrective actions on costing models and parameters.
- Build and maintain costing parameters and tools in accordance to Swiss Re Group standards and business needs.
- Use of actuarial and statistical models to find trends and insights that can be used for risk selection or differentiation; and costing improvements
- Model and price deal transactions.

**About you**

**Professional experience**
- A minimum of 4 years of experience in P&C commercial insurance. Good knowledge of Property and Casualty products in APAC markets.
- Experience in commercial insurance pricing, portfolio profitability analysis and costing model and tool development. Know-how of reinsurance treaty pricing would be an additional advantage.
- Familiarity with reserving techniques and can confidently operate between the two (reserving and costing) views, sufficiently identifying parallels and divergences in developing an independent costing assessment.
- Exposure to market/LOB portfolio ownership, acting as a go-to person for quantitative questions and solutions, but also comfortable to be both an advocate and a provider of dissenting opinions.

**Technical skills**
- A good understanding of actuarial methods, models, and related business processes.
- Statistical programming skills (e.g. R, Phyton) and know-how of data science techniques is an advantage.
- Review analytical results, derive recommendations, and communicate implications to all partners
- from peers to senior leaders.
- Able to challenge and defend assumptions, methods, and conclusions. Evaluate accuracy and uncertainty in models, according to the available data/information at hand.
- Whilst attention to detail is important, there is oversight on the bigger picture, focusing efforts on areas or solutions that would have the highest impact.

**Pe