Financial and Actuarial Mathematics, TU Wien, Austria TU Wien FAM
 
2018-04-11

STELLE NICHT MEHR VAKANT - BITTE NICHT MEHR BEWERBEN!!!

Life Modeling – 6 month temporary contract

Description

This position is with Zurich Insurance Group, and is based partly remotely, and partly in Bratislava, with some travel required to Zurich Switzerland. The objective is to support the build of a life valuation model, for global business. The successful candidate will gain significant exposure to global life insurance products, and various reporting regimes. The model is in Python, so this is a great opportunity to add a modern analytical programming language to your resume. Since this is a new model, this project will be a valuable opportunity to gain experience in model design.

As a Senior Modeling Expert you will create and review specifications for the required life actuarial calculations to value the various life products. The model will be for MCEV, SII and SST (Swiss Solvency Test).

Your Role

As a Senior Life Model Risk Management Expert your main responsibilities will involve:

  • Specify and review specifications for actuarial calculations, specifically life product features, economic balance sheet calculations, and MCEV/IFRS17/SII/SST rules and regulations.
  • Build functionality in Python, and review implementations of less experienced team members.
  • Provide support and guidance to less experienced team members, mostly based in Bratislava.
  • Communicate technical topics with other team members, to formulate optimum and well-designed solutions.
  • Provide model knowledge and insights and advise on prioritization for model developments
  • Communicate status updates and impediments with management in Zurich, Switzerland. Support project management.

Your Skills and Experience

As Senior Life Model Risk Management Expert your skills and qualifications will ideally include:

  • Excellent life insurance product knowledge.
  • Master degree in Mathematics/Statistics/Finance and qualified or part-qualified actuary, or at least 5 years of relevant work experience in a financial institution or a consulting firm
  • Solid experience in modeling of economic capital, reserving and pricing.
  • Project experience as well as strong communication and relationship building capabilities
  • Strong analytical skills
  • Solid programming skills (any language/modelling platform).
  • Fluent written and spoken English is a must.

Hiring Manager: Tim McElroy, Head of Life Model Risk Management. tim.mc.elroy@zurich.com

Additional Information

Who we are

Zurich is one of the world’s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk. With about 55,000 employees serving customers in more than 170 countries, we aspire to become the best global insurer as measured by our shareholders, customers and employees. We help individuals, small and medium sized companies and global corporations around the world understand and protect themselves from risk by offering a wide range of insurance products, solutions and advisory services.

At Zurich we are an equal opportunity employer. We attract and retain the best qualified individuals available, without regard to race/ethnicity, religion, gender, sexual orientation, age or disability.

Salary

Minimum 8.000 EUR per month, excluding tax and travel costs

Job location

The person can be based in Austria with regular visits to Bratislava and occasional visits to Zurich. Travel and accommodation costs will be covered by Zurich Insurance.

Information for recruitment agencies

Zurich accepts no unsolicited applications from recruitment agencies for this position. We therefore request that recruitment agencies do not submit any candidate documents either via our employees nor through our online career portal.

We refuse any responsibility for unsolicited applications as well as any associated fees. Thank you for your understanding.

Bei der Bewerbung bitte auf die FAM-jobs Seite verweisen.