Actuary

Job description

Actuary

“I want to shape a business without starting one”


Nestec, Vevey, Switzerland Undefined period of time contract, act. rate 100%


The Nestlé Group is the world’s largest food and beverage company with 89.8 billion Swiss Francs in sales in 2017. It is present in 150 countries around the world, has 418 factories and its 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Nestlé offers a wide portfolio of products and services for people and their pets throughout their lives. Its more than 2000 brands range from global icons like Nescafé or Nespresso to local favourites. Company performance is driven by its Nutrition, Health and Wellness strategy. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago. Learn more about our Group and reasons to join us on www.nestle.com .

To reinforce our Group Risk Services Department and Nestlé’s Swiss-domiciled reinsurance captive, Intercona Re, we are looking for a self-driven and insightful in-house actuary. In this role, you will be executing the actuarial and the financial controlling activities for the captive, which provides reinsurance for Property, General Liability, Marine, Motor, Employee Benefits and other lines. As a key member of Intercona Re you would prepare and attend captive board meetings and help shape the future role of the company. Combining a strong business insight and excellent communication skills , your responsibilities will be the following:


Key responsibilities

· Manage and direct the outsourced actuarial and accounting services including: Elaborate and review Reserving study, preparation of the Swiss Solvency Test (SST), Statement of actuarial opinion and Market Consistent valuation of the reserves, maintaining the claim database etc.
· Formal sign-off on the Swiss Solvency Test SST, Statement of Actuarial Opinion etc. within 2 to 3 years of starting and until then sign-off as deputy actuary registered with FINMA
· Control and communicate the Actuarial Best Estimate Ultimate to the Reserving Committee, maintain records and documentation on the booking decisions taken
· Serve as a point of contact for FINMA for inquiries on actuarial topics and participate in their meetings and workshops
· Participate in preparing Own Risk and Solvency Assessment (ORSA) report and manage special projects
· Act as financial controller as well as help prepare budgets and forecasts, develop accounting guidelines etc.

Required Profile

· Master degree in mathematics, statistic, actuarial studies or other quantitative area
· Relevant actuarial qualifications, e.g. SAV, DAV or UK / US equivalent
· Minimum 5 years of post-qualification experience including minimum of 3 years in an SST environment
· Ideally existing formal sign-off responsibility In Solvency 2 / SST environment
· Fluency in English and either French or German

Show us that you have an excellent detail orientation and strong analytical skills. Your collaborative team spirit combined with the capacity to influence & convince at internal and external stakeholders, is what will set you apart among the other candidates. If you demonstrate good initiative, capacity to work independently and are willing to make a difference to our performance, please apply on our career website www.nestle.com/jobs.