P&C Actuary

Place of work
Mlynské nivy, Bratislava
Contract type
Wage (gross)
From 1 500 EUR/monthMinimum base salary for this job is from 1500 EUR gross/month/full time. Our offer to you may be higher based on your skills and experience and will include additional rewards and benefits. * *We are required by law to disclose basic wage component (minimum salary) for the advertised positions. We carefully consider your professional competencies, qualifications and experience in our compensation package and/or when offering you other positions. Our compensation philosophy is to pay fairly, also considering market situation and the value employees may bring to Swiss Re.

Information about the position

Job description, responsibilities and duties

We are looking for an ambitious reserving actuary to join our team in performing quarterly actuarial P&C reserve calculations. In this role you will have a great opportunity to apply your technical actuarial, modelling and data analytics skills across a wide variety of activities outlined below.

The role offers the opportunity for out of the box thinking, working on solutions to a broad range of challenges. You will interact collaboratively with Life and Health colleagues from the team and with specialists throughout the iptiQ Division and the Swiss Re Group.

• You will work with an actuarial reserving tool, apply the various actuarial reserving methods and decide on the most appropriate reserves for the financial accounts for all required reserving bases.
• You will challenge costing accuracy, contribute to reporting and build a deep understanding of all portfolios of iptiQ EMEA P&C
• You ensure that the overall calculations are comprehensive, complete and well understood
• You regularly interact with other functions such as Underwriting, Claims, Technical Accounting and Finance as well as with senior management and build trustful long-term relationships
• You will also regularly contribute to actuarial-related projects and systems development.
• You will also calculate the IBNR for short duration business within the iptiQ L&H entities giving you the unique opportunity to gain understanding of L&H business as well as P&C
• We encourage pursuing the actuarial qualification with one of the major actuarial societies

About the Team

IpitQ is an exciting B2B2C business, a growing and expanding SwissRe business whose vision is to protect more people and their families by making insurance easier and more engaging. Simple insurance solutions in partnership with people's favorite brands.

The iptiQ Valuation Operations Team is a newly formed dynamic actuarial team, utilizing the latest cloud-based infrastructure technologies, within a changing environment.

The main responsibilities of the team lay in the valuation and reserving of the business for all iptiQ entities and in the development and maintenance of the underlying actuarial models while challenging the traditional approaches to actuarial controls and processes.

Information about the selection process

We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks.

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

Requirements for the employee

Candidates with education suit the position

University education (Bachelor's degree)
University education (Master's degree)
Postgraduate (Doctorate)

Language skills

English - Advanced (C1)

Personality requirements and skills

You have
• A University degree in actuarial science, mathematics or related subjects
• At least 3 years of professional-level experience in Insurance or Reinsurance
• Knowledge of standard non-life actuarial reserving models
• Very strong analytical and conceptual skills
• Strong communication skills, written and verbal
• A healthy level of attention to detail

You are
• A collaborative, engaging, positive team player
• A results-driven, "can-do”, self-starter personality
• Able to grasp complex processes and projects
• Proactive, confident, with high integrity
• Committed to high quality, also under pressure


Brief description of the company

As the world's leading and most diversified global reinsurer, we offer as our core business financial services products that enable risk taking essential to enterprise and progress. Our company was founded in Zurich, Switzerland in 1863, and operates in more than 25 countries and provides its expertise and services to clients throughout the world. We combine financial strengths with experience, knowledge and creative thought to explore new opportunities in the interests of our clients, staff and shareholders.

Number of employees

1700 and more employees

Company address

Swiss Re Management AG
Mlynske nivy 12
821 08 Bratislava
Learn more about working in Swiss Re Slovakia.


Kontaktná osoba: Magdalena Lendvorska

ID: 4066391  Dátum zverejnenia: 21.4.2021  Základná zložka mzdy (brutto): 1 500 EUR/month