Junior Structurer – Weather & Agriculture (Internship 6 months)

  • NewRe
  • Zürich, ZH, Switzerland
  • 03/06/2019
Full time Data Science Data Analytics Big Data Statistics

Job Description

New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer, founded in Zurich in 1926. In 1988, NewRe became part of Munich Re Group. What makes NewRe a preferred reinsurer is our determination to find appropriate reinsurance solutions for our clients, coupled with thorough market know-how and swift response times. Weather has a substantial financial impact on business in wealthy industrialised economies. The affected sectors include not only energy and agriculture, but also travel, entertainment, construction and many more. While companies have long used insurance to manage the risk of catastrophic weather events, weather-index-linked covers have grown to become an important risk management tool. We develop bespoke risk transfer solutions for all industry sectors impacted by increased weather variability. Our financial hedging instruments are used to manage non-catastrophic weather-related risks. The global Weather & Agro unit of Munich Re with teams in Zurich, Houston and Munich offers tailor-made solutions to minimise our clients’ weather-related risk. The NewRe based team’s key focus are energy clients (both conventional as well as renewable production) in Europe, Latin America and parts of Asia. The main exposures covered are temperature, rainfall, sunshine and wind risks. Our core strategy continues to develop new client relationships in all markets to further grow and diversify the portfolio.

Place of work


Your responsibilities

  • Support team in analysis of client requests
  • Pricing of weather transactions in Excel and R
  • Support Structuring team in further developing, packaging, and documenting functions in R
  • Support team in improving our R infrastructure (including pricing template using Shiny and vignettes)
  • Support team in testing pricing functions and data downloading functions implemented in R and C#
  • Support Structuring team in further ingesting and migrating data to our database solutions

Your profile

    • Master/PhD degree (or currently in education) with focus on statistical analysis, financial mathematics, computer science, natural science or equivalent
    • strong analytical skills and a flair for numbers
    • Very good knowledge of (big) data analysis and statistical modeling
    • Proactive, service-oriented, flexible and solution-oriented
    • Good knowledge of R
    • Highly motivated and team oriented with an ability to work in an international environment
    • Fluent in English (additional languages would be a plus)

Our common benefits

NewRe stands for intelligent reinsurance solutions. We serve our clients responsively - with open minds and a refreshing attitude. Our employees are our key asset. We love challenges and flexibly bundle our skills, experience and personalities to deliver outstanding results. Being part of the Munich Re Group, the leading international risk carrier in the field of reinsurance, we combine financial strength with the efficiency and creativity of a medium-sized reinsurer. Excellent opportunities providing you with the scope to realise your full potential await. We look forward to receiving your application, which you should send to:

New Reinsurance Company Ltd., Hansruedi Nohl, Human Resources, Zollikerstrasse 226, CH-8008 Zurich, +41 58 2266 212, hnohl@newre.com