Structurer (80-100%)

About Swiss Re

About ACP Retro Structuring

The P&C and L&H Retro structuring teams, based in Zurich and London, are responsible for all Retrocession and Underwriting Hedging aspects from a Group perspective. We lead this all the way from setting the strategy to executing of retrocession placements, and we cover structuring, pricing, underwriting, placement and external negotiations within in our teams. When ceding risk in securities form, we work closely with our ILS colleagues. We have two key mandates which involve proactively managing Group Risk Limits and Capital.

On the first, ensuring that the Group remains within its Risk Limits, our activities are focused on the Group’s peak exposures (e.g. Nat Cat, extreme mortality etc) and finding efficient and sustainable ways to transfer these exposures to Alternative Capital or to other (re)insurers.

On the second we aim to find efficient sources of (underwriting) capital below the Group’s Weighted Average Cost of Capital (WACC) by transferring underwriting risk off the Group Balance Sheet. Peak exposures are also in focus for this second mandate (as they are often important drivers of Group Capital Requirements). However capital optimisation also involves further consideration of longer tail lines of business and risks (such as mortality trend, casualty etc) as these are also important drivers of overall capital requirements (e.g. under the Swiss Solvency Test (SST)).

About the role

The role has a focus on Life and Health business so prior knowledge will be important, the following are key deliverables:

• You are responsible for supporting the Senior Structurers in leading, negotiating and executing hedging transactions from structuring, pricing, submission to placement and administration
• Data analysis to help in designing and analysing new potential transactions to further improve Swiss Re’s hedging portfolio
• Together with the team, you define and maintain a compelling and clear hedging strategy & vision which supports and enables our growth ambitions of the incoming (re-)insurance portfolio
• You support the development and delivery of new risk transfer solutions / product innovation
• Furthermore, you work in interdisciplinary teams (ILS, Underwriting, Client Markets, Risk Management, Operations and Finance) on projects and transactions.
• You prepare documents and reports to senior management

About the Team

We offer the opportunity to join the team responsible for Swiss Re’s hedging and third party capital management. We are a diverse and very motivated team committed to thrive and succeed in the task of advancing our risk transformation capabilities. We are responsible for all retro and hedging aspects from strategy to placement and combine structuring, pricing, underwriting, and external marketing in our team. Do you enjoy challenging the status quo, keeping up to date in a constantly changing market place? As a new Structurer, you have an outstanding role to support highly relevant transactions and to play a key part in defining and advancing the Group’s future hedging strategy.

About You

Do you bring a confirmed ambitious & can do attitude and excellent delivery skills and are comfortable working in an area that is fluid and dynamic?

• Minimum of Bachelor’s degree with emphasis in Mathematics, Natural Science, Finance, Economics, Actuarial Science or similar analytical subject area
• Knowledge of reinsurance products and markets
• Experience in underwriting, structuring, capital management, ILS/Alternative capital, or related experience in (re)insurance positive a plus but not required
• Ability to support complex projects, transactions and initiatives in time
• Strong verbal and written communication skills
• Interest in capital markets, ILS, non-traditional reinsurance solutions and tech solutions,
• Great teammate with staying power, operational readiness, and a passion to perform
• Programming skills
• Proficient in English

We are looking forward to your application!

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.

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