Junior Actuary at Generali Italia

Posted 1 week ago

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.

In the framework of Solvency II, within CRO area we are currently seeking a Junior Actuary to strengthen the Risk Model Framework team that is accountable to:
  • Support Group CRO on the Internal Model and Standard Formula quantitative aspects both related with Pillar I and Pillar II of Solvency II regime
  • Define and review the Group Internal Model Overall Methodology
  • Feed, monitor and report the IM simulations, monitoring the whole calculation process
  • Review and analyzed Group and Local results supporting top management for strategic decisions
  • Support the BUs in assessing and monitoring the local risk profile and related risk based measures
  • Asses and monitor the overall SCR of Assicurazioni Generali S.p.A. solo entity


The Junior Actuary will support one of the Senior Risk Managers within the Head of Risk Model Framework with possible focus on the Business Review and challenge of the Internal Model results of the different Legal Entities, support the manager in the maintenance of the Internal Model execution, as well as in ensuring proper on time delivery of results for both internal and regulatory compliance, either in the Quarterly Balance Sheet closing or in the Strategic Planning activities. The team member could also be involved in other activities such as review and challenge of the local results and various reporting outcomes.

OPENING LOCATIONS: MILAN, ROME

Our ideal candidate will meet the following requirements:

Must have:
  • Bachelor and Master Degree in Economics, Finance, Actuarial Sciences or Mathematics
  • Robust knowledge of statistical techniques and their application
  • Knowledge and possible experience in Montecarlo Simulation techniques, correlations and aggregation of risks
  • Knowledge of Insurance products and underwriting modelling
  • English fluency for presenting and writing
  • Solid and enhanced use of Microsoft Office suite, VBA and R


Nice to have:
  • Proven effectiveness in interacting with and reporting to senior management
  • Previous experience on financial aspects (Market Value Balance Sheet, Investments types, main financial pricing techniques)
  • Possess knowledge of Insurance and Financial business processes, and industry best practices and regulatory requirements for risk management, with particular focus on Solvency II regime
  • Italian language basic skills
  • Other foreign language such as French, German, Spanish
  • Good knowledge of one of the following: Prophet, Matlab


Soft skills:
  • Proficiency in performing multiple tasks and dealing with dynamic deadline requirements
  • Performing in stressed conditions
  • Proactive approach, strong achievement and result oriented
  • Have a collaborative mind-set with strong interpersonal skills
  • Good verbal and written communication skills
  • Ability to comfortably communicate at all levels of the organization
  • Capable of developing independent opinion and defending their own views upon challenge


Additional Information
  • Contract Type: Permanent