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Position: Actuary Role
Institution: BerninaRe
Location: Zürich, Switzerland
Duties: Lead NonCat risk modeling for pricing and capital model purposes; Develop, implement and maintain cutting edge NonCat pricing and capital models; Develop pricing assumptions and parameters; Provide structuring and pricing recommendations to Underwriting; Lead branch specific regulatory solvency and risk reporting, including potentially SST; Support the implementation of the Risk Register, incl. operational risk and loss reporting; Support the development of the risk appetite and limit framework and related policies; Develop and maintain a lean model change and model validation framework; Assist in reporting to regulators, the board, and management; Other ad hoc duties as required
Requirements: Qualified actuary (FIA/FCAS/ACAS/SAV/DAV or equivalent). CERA designation is a plus; University degree in mathematics, physics, statistics, actuarial sciences or equivalent; Minimum 7 years of experience in actuarial or risk management roles, including ideally Property and Specialty pricing and/or reserving experience at globally leading reinsurer; Experience with developing NonCat pricing methodology and tools; Experience with capital modelling tools (e.g. ReMetrica, Igloo) and NatCat modeling tools (e.g. RMS, AIR) is a plus; Self-motivated, result-oriented personality with strong work ethics and well-developed interpersonal skills; Ability to work in transversally and in a small team across multiple locations
   
Text: About BerninaRe BerninaRe is a Bermuda headquartered reinsurer operative since 2017. It currently is transformed into a rated reinsurer, sourcing both collateralised as well as non-collateralised short-tail reinsurance business from cedants globally. Capital is provided by funds managed by Credit Suisse Insurance Linked Strategies Ltd. Besides the headquarters in Bermuda, BerninaRe also operates out of a Swiss Branch located in Zurich. If you thrive in a dynamic, analytically driven start-up environment and are prepared to master changing challenges, becoming part of BerninaRe is a unique opportunity for you. Join an exciting mission and a team of diverse professionals building the ILS reinsurer of the future! Actuary role (Zurich) BerninaRe is seeking an Actuary based in its Zurich office for a mixed Corporate Actuarial / Pricing role as part of a small global team. The team is responsible for capital modelling, the pricing methodology, regulatory risk reporting, and reserving oversight. Additional responsibilities include Pricing and the support of Underwriting as well as managing operational risk. Your role will include leading the modeling of NonCat insurance risk for pricing and capital model purposes, designing and implementing pricing models, creating frameworks and establishing policies. The role also encompasses leading the Pricing function for NonCat business (Specialty and Property lines) and supporting Underwriting functions. You will ideally have previous experience within a similar role, are capable of conceptual work and are familiar with cutting edge actuarial and statistical methods. You will be working closely with other departments, including Underwriting and Finance as well as Senior management. Therefore, you need to be a confident communicator and able to work well as part of a global team. You will report to the Chief Risk Officer. Main duties and responsibilities within the Actuary role: • Lead NonCat risk modeling for pricing and capital model purposes • Develop, implement and maintain cutting edge NonCat pricing and capital models • Develop pricing assumptions and parameters • Provide structuring and pricing recommendations to Underwriting • Lead branch specific regulatory solvency and risk reporting, including potentially SST • Support the implementation of the Risk Register, incl. operational risk and loss reporting • Support the development of the risk appetite and limit framework and related policies • Develop and maintain a lean model change and model validation framework • Assist in reporting to regulators, the board, and management • Other ad hoc duties as required The successful candidate will have the following • Qualified actuary (FIA/FCAS/ACAS/SAV/DAV or equivalent). CERA designation is a plus • University degree in mathematics, physics, statistics, actuarial sciences or equivalent • Minimum 7 years of experience in actuarial or risk management roles, including ideally Property and Specialty pricing and/or reserving experience at globally leading reinsurer • Experience with developing NonCat pricing methodology and tools • Experience with capital modelling tools (e.g. ReMetrica, Igloo) and NatCat modeling tools (e.g. RMS, AIR) is a plus • Self-motivated, result-oriented personality with strong work ethics and well-developed interpersonal skills • Ability to work in transversally and in a small team across multiple locations Benefits Being in transformation, the Company offers a challenging but exciting start-up environment with ample scope to create and design in a team of likeminded, diverse professionals. Contact Please send your application to christian.bieri@berninare.com. ….
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