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Senior Structured Weather Strategist (m/f/d)

Location Zurich, Switzerland Job type Full-Time Work mode Hybrid Job level Professional Job ID 13710 Company NewRe Employment type Regular Area of expertise Actuarial & Risk Management
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New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty products. Our clients highly appreciate our swift and proactive approach when responding to their needs and market developments.

Reporting to the Head of Weather & Agro department, you will take full responsibility for the pricing and trading of vanilla European weather and energy related commodity risks. Core responsibilities include:

  • servicing simple client requests in an efficient, reliable & accurate manner
  • identifying market opportunities where our risk management solutions could be applied
  • proactively trigger and seize market opportunities
  • dynamically assess and react to portfolio exposure

In addition, assisting the Head of Weather and Agro on various topics is expected. This includes process improvements, identifying operational bottle-necks, and supporting the Origination team with any additional analysis, research, or support needed.

Your responsibilities

  • Pricing and transacting vanilla weather and energy deals with clients
  • Continuously monitor the markets that clients reside in to identify risks and/or opportunities at the earliest possible point in time
  • Maintain close coordination with origination, trading and risk/portfolio management in Zurich and Houston
  • Take responsibility for maintaining an open, collaborative team environment, encouraging creativity and the development of new ideas
  • Apply technical knowledge to question existing models, pricing assumptions and deal execution processes
  • Support originators in client discussions and client workshops (consultative sales approach)
  • Drive the continuous improvement of simple pricing models & high collaboration with Quants on model improvements
  • Contribute to client meetings, advising on technical and market questions

Your profile

  • Master’s degree or PhD with a quantitative focus on statistical analysis, financial mathematics, computer science, or natural science
  • 7+ years' of relevant industry experience with background in quantitative finance
  • Knowledge of European energy markets and traded products
  • Computer programming skills, preferably in R / Python / C++, is a plus
  • Strong understanding of statistical analysis fundamentals - distribution analysis, time series analysis etc.
  • Dealing positively with ambiguity and conflict in pressurised situations
  • Ability and willingness to undertake tasks outside of "core" responsibilities - self-starter
  • Confident, engaging manner and strong negotiation skills
  • Strong technical skills
  • Excellent communication and interpersonal skills
  • Excellent prioritization skills and resistance to stress
  • Valuing and promoting an inclusive working and learning environment
  • Fluent in English, additional European languages are an advantage
  • Willingness to travel internationally

Your future benefits

Our employees are our greatest asset. We therefore offer them a wide range of benefits and a modern working model appreciating its positive impact on our business achievements and personal wellbeing:

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better
  • Compensation: our commitment to equal treatment of all employees is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality)
  • Work-life balance: promoting the compatibility of family and work throughout flexible hybrid working model
  • Continuous learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
  • Health management: focus on your physical and mental health far beyond legal requirements

To learn more about us, check out www.newre.com. If you embrace challenges and want to grow with our customers and partners, we look forward to receiving your application.

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