ABOUT DESCARTES UNDERWRITING Descartes was born out of the conviction that the ever-increasing complexity of risks faced by corporations, governments and vulnerable communities calls for a renewed approach in insurance. Our team brings together industry veterans from the most renowned institutions (AXA, SCOR, Swiss Re, Marsh, Aon, ) and scientists on top of their field to bring underwriting excellence. After 5 years of existence, Descartes has secured a leading position in parametric insurance for weather and climate-related risks utilizing machine learning, real-time monitoring from satellite imagery & IoT. After a successful Series B raise of $120M USD, we launched Descartes Insurance, a 'full stack' insurer licensed to underwrite risk by the French regulator ACPR. With a growing corporate client base (400 and counting), our diverse team is headquartered in Paris and operates out of our 17 global offices in North America, Europe, Australia, Singapore, Hong Kong and Japan. Descartes is trusted by a panel of A-rated (re)insurers to carry out its activities. ABOUT YOUR ROLE Descartes Underwriting is seeking an Actuary Officer to join our Risk management & Actuarial Team. In close and effective cooperation with all business units and play a vital role inthe deployment of Solvency 2 production and reports. Your responsibilities would deal with : SOLVENCY 2 Pillar I : Calculate SCR using a standard formula; Maintain tools for prudential calculation and closing production (ie. SCR, EOF, QRT, ). Pillar II : Contribute to Solvency II prudential reports; Ensure that the solvency assessment takes into account the specific risk profile of the company; Contribute to any additional ACPR requests (figures, tests etc). Pillar III : Contribute to the production of all reporting data required to the regulators (QRT); Handle internal reporting. CALCULATION OF TECHNICAL PROVISIONS Ensure the relevance of the methodologies and underlying models used and the assumptions made in the calculation process, assess the sufficiency and quality of data used in the calculation of technical provisions, assess the reliability and adequacy of the calculation of technical provisions and compare best estimates against experience etc; Contribute to the actuarial report. Your missions will evolve in the future as Descartes is growing fast and many exciting projects are waiting for you. It's a unique opportunity to take a closer look inside a fast-growing start-up with huge ambitions ABOUT YOU EXPERIENCE & QUALIFICATIONS From 2 to 5 years' relevant experience in non-life actuarial; Master's degree in Actuarial from actuarial schools; Strong ability to draft technical and quantitative reports; Strong knowledge in Solvency 2. SKILLS Fluency in English and French is required (written and spoken); Eye for quality, autonomous and attention to detail; Exercise rigor and organizational skills. MINDSET Eager to learn more about the insurance industry; Results oriented, high energy, with the ability to work in a dynamic and multicultural environment; Excellent team player with an entrepreneurial mindset and value of diversity; Strong desire to learn and commitment to the organization's mission. WHY JOIN DESCARTES UNDERWRITING ? Opportunity to work and learn with teams from the most prestigious schools and research labs in the world, allowing you to progress towards technical excellence; Commitment from Descartes to its staff of continued learning and development (think annual seminars, training etc.); Work in a collaborative & professional environment; Be part of an international team, passionate about diversity; Join a company with a true purpose – help us help our clients be more resilient towards climate risks; A competitive salary, bonus and benefits; You can benefit from a punctual home office days. RECRUITMENT PROCESS Step 1: HR Interview with our Talent Recruiter Step 2: Technical interview with the manager Step 3: Final round interview with the team At Descartes Underwriting, we cherish value of diversity whatever it may be. We are committed to fighting against all forms of discrimination and for equal opportunities. We foster an inclusive work environment that respects all differences. With equal skills, all our positions are open to people with disabilities.
