Actuarial & Risk Analyst

For the Central Team of Generali Global Corporate & Commercial (GC&C), we are looking for an Actuarial and Risk Analyst to join our Risk Management team. You will develop tools and methodologies to improve the risk management framework of the Global Corporate and Commercial business, in particular develop and automate the reporting on the Solvency Capital and define KPIs to link the risk management framework and the company's business strategy.
In this role, you will be exposed to counterparties from the GC&C Business Unit, in particular with the Portfolio Management and Finance departments, also be in close contact with Group Risk Management and Risk Management and Actuarial counterparties in different countries.

Main Responsibilities:

1. Risk and Business Strategy:
   Assist the Head of Risk for Global Corporate and Commercial (GC&C) to:
   • Define and implement methodologies of capital allocations to derive risk-based indicators needed by the Management of corporate business to manage the portfolio.
   • Define the best reporting tool (either integrating the methodologies in existing tools or developing new ones) and train the underwriters and portfolio managers to use it.
   • Analyze the profitability of the corporate business, and the contribution of the different portfolios to the overall capital covering the corporate business, both in year-end and plan view.
   • Build a risk map and tools to monitor it on a regular basis (at least yearly) in line with the strategy of the company and the Generali Group.
2. Solvency II calculation process:
   • Review the calculation of the capital by the different contributing countries.
   • Support Group Risk Management in performing the reconciliation of the Corporate business capital inputs.
   • Run and improve the consolidated capital calculation.
   • Review and report figures to GC&C's top management.
3. Other:
   • Build the KPI and reporting tools to provide actuarial opinion on the underwriting and reinsurance processes.
   • Support Group P&C Risk Management in its activities related to the monitoring of corporate products.
   • Support Group P&C Risk Management in its activities related to the modelling of emerging risks.

Requirements:

• Studied Actuarial Science, Mathematics or Statistics or other quantitative disciplines, e.g. Engineering, Physics etc.
• Quantitative, analytical mindset, problem solving skills.
• Insurance business processes knowledge.
• Experience is welcome.
• Ability to build lasting relationships.
• Assertiveness.
• Strong communication and presentation skills.
• Must be fluent in English, additional languages are an advantage (Italian is a plus).

Company Profile:
Generali is a major player in the global insurance industry - a strategic and highly important sector for the growth, development and welfare of modern societies.
Over almost 200 years, we have built a multinational group that is present in more than 60 countries, with 470 companies and nearly 80,000 employees. Our group aims to become the standard bearer and industry leader in the European retail insurance market, building on our existing base of 50 million retail clients, out of an overall total of 72 million.
Global Corporate & Commercial is the Generali Group unit developing P&C business and insurance services for medium and large companies. The unit acts on a global scale and deploys an integrated approach at Group level with a central management team and specialized teams active in individual countries. Through GC&C, Generali aims to become a key world player in the corporate-commercial segment.

Generali is proud to be an inclusive employer that considers applicants regardless of gender, gender identity, sexual orientation, ethnicity, disability, religion, political views, marital status or philosophy of life.

If you have a disability or special need that requires accommodation or assistance, we will support you during the selection process.