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, we are currently seeking a P&C Specialist to strengthen the Group P&C Underwriting Risk (UW) Unit that is accountable to:
- Support the BUs in calibrating and measuring the P&C UW risks under the Partial Internal Model.
- Liaise with the Group Actuarial Function on topics related to the Technical Provisions and the Actuarial Model developments for Group risk purposes.
- Liaise with the Group Own Funds and Actuarial Calculation function on topics related to the IFRS17 principles implementation at Group level, with particular focus on the Risk Adjustment
- Support the Head of Group P&C UW Risks in developing and executing the maintenance and enhancement of the P&C Underwriting Modelling Framework to ensure internal and regulatory compliance of the Partial Internal Model.
- Work with the Head of Group P&C UW risks for Standard Formula or Business support where necessary.
The main tasks related to P&C Underwriting Risks are to:
- Support to define the relevant components, methodology and calibration guidelines of the Group Partial Internal Model for the P&C Underwriting risks.
- Perform controls/analysis to check P&C risks results of the business units(quarter/annual calculations, planning, etc).
- Verify the implementation of the remediation actions in order to evaluate if the identified issues have been closed according to the implementation plan.
- Support the business units on topics related to IFRS17 and its impacts on the P&C Underwriting Risks activities.
**Must have**
- Degree in Economics or Quantitative Subjects, Actuarial Science.
- Knowledge of Solvency II Directive, Standard Formula, and Best Estimate Liabilities and Risk Margin calculation.
- 3/5 years of experience in primary insurance or consultant companies in Risk Management or Actuarial activities.
- Very good "MS Office" suite knowledge.
- Knowledge of ResQ and Igloo softwares.
- Relevant verbal written communication skills, strong relationship building and interpersonal skills.
- English fluency for presenting and writing.
**Nice to have**
- Knowledge of one of the following: Matlab, R, SAS.
- Knowledge of Capital Modelling in regards to Pricing Risk, Reserving Risk and Cat Risk under an Internal Model including risk mitigation.
- Experience on Best Estimate Liabilities and Risk Adjustment calculation under IFRS17.
- Proven effectiveness in interacting with and reporting to senior management.
- Other European foreign language such as French, German, Spanish.
**Soft skills**:
- Proficiency in performing multiple tasks and dealing with dynamic deadline requirements.
- Proactive approach, strong achievement and result oriented.
- Adequate presentation skills and verbal and written communication skills.
- Capable of developing independent opinion and defending their own views upon challenge.