Swiss Re is hiring for the position of Apprentice in Bangalore, India. Candidates with a Bachelor’s Degree are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below.
Job Description:
| Company Name | Swiss Re |
| Position | Apprentice |
| Qualifications | Bachelor’s Degree |
| Batch | Recent Batches |
| Experience | Freshers |
| Location | Bangalore, India |
Key Responsibilities:
- Assist the team in conducting quarterly valuation and reserving-related activities.
- Prepare and maintain data for valuation models.
- Accurately execute predefined modeling processes, including implementing assumptions, running models, debugging, validating results, and delivering outputs to reporting actuaries or business owners.
- Perform validations and analyses to ensure the accuracy of produced numbers, maintaining detailed audit trails and documentation of key checks and validations.
- Ensure team deliverables are completed within pre-approved timelines.
- Conduct user acceptance testing (UAT) for system and model changes related to actuarial production.
- Drive continuous improvements by enhancing and extending existing model-building and validation tools, while critically assessing current processes.
- Apply technical expertise and process skills to address problems and develop solutions, including investigating data or modeling issues and reconciling different reports or numbers.
- Provide support for special projects undertaken to meet specific objectives as required.
Eligibility Criteria:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, Commerce, Engineering, or a related discipline, obtained within the last three years (Postgraduate qualifications are not permitted).
Preferred Skills:
- No formal prior work experience; internships are exempted.
- Enrollment as a student member of any actuarial professional institute (e.g., India, UK, US) is desirable.
- Strong understanding of fundamental actuarial concepts.
- Ability to work independently with accuracy and meet deadlines.
- Willingness to learn from experienced industry professionals across various fields for professional growth.
- Excellent communication and interpersonal skills for building and maintaining positive relationships internally and externally.
- Strong organizational and analytical abilities with attention to detail; capable of quickly understanding business structures, product features, and model requirements.
- Proactive in identifying issues and supporting team members, peers, and senior stakeholders.
- Proficiency in MS Office, particularly Excel; familiarity with VB Macros and SQL is an added advantage.
About Company:
The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk taking upon which enterprise and progress in society depend.
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