Actuaries are awarded the highest paychecks, with compensation nearing $121K annually on average; Senior Underwriters are next on the list, bringing in close to about $120K, followed by Financial Analysts earning $70K and Underwriting Assistants making approximately $49K.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $61K per year on average. The largest fraction of Swiss Re people (38 percent) have been working for five to nine years and earn around $95K annually on average.
When it comes to location, the highest average paycheck ($89K per year) can be spotted in Fort Wayne, Ind.; New York, N.Y. (approximately $85K), Armonk, N.Y. (around $70K), and Dallas, Texas ($67K) are the next top-paying cities. By state, the highest pay levels are found in Indiana, where the average Swiss Re employee makes $89K annually.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Fellow of the Society of Actuaries, who make about $122K per year. At Swiss Re, employees who hold a Bachelor's Degree receive the highest salaries at $120K.
The highest-paying skill to have may be Pricing; employees who claim proficiency also report a higher average salary of about $150K annually. Microsoft Excel also popped up often in the survey as an important skill; more than a third of employees surveyed report using it at work. Data Analysis, Insurance, and Financial Analysis round out the set of key employee skills.
Benefits and Perks
Paid time off is in short supply here, with only one-half of workers receiving paid vacation and 31 percent receiving paid sick days. To plan for old age, nearly all respondents maintain savings accounts through the company's 401(k) plan. Almost all survey participants receive health insurance, and a solid majority of workers get dental coverage. Some other perks are flexible hours, a subsidized cell phone, life insurance, and optional telecommute / work from home.