Cape Town

Johannesburg

Part Qualified

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Data Science

Experience Analysis

Coding

Pricing

Valuation

Capital

Excel

Swiss Re is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, it provides risk transfer and risk management solutions to insurance companies worldwide. Swiss Re's expertise lies in underwriting complex risks and offering innovative reinsurance products, contributing to the stability and resilience of the global insurance market.

Swiss Re

Excellent opportunity for an experienced P&amp;C reserving actuary to further develop his/her career within an international business environment. This position is embedded in the Swiss Re Corporate Solutions Actuarial Management team based in Zurich, which is part of the Swiss Re Group Risk Management.About the roleAre you an experienced P&amp;C reserving actuary? Join us and continue your professional development in one of the most respected insurance companies on the market!Your focus will be on the calculation of the solvency capital requirements under the Solvency Assessment and Management (SAM) framework for the legal entity Swiss Re Corporate Solutions South-Africa (SRCSA) as well as the valuation of the best estimate technical provisions.Your responsibilities:<ul><li>Perform the quarterly and annual solvency capital requirement calculations including market value balance sheet, SAM capital requirements, technical provisions and own funds.</li><li>Prepare all actuarial SAM reporting including populating the actuarial components of the Quantitative Reporting Templates (QRTs) and documenting the solvency position results in the Own Risk and Solvency Assessment (ORSA) report.</li><li>Support the calculation of local technical provisions under IFRS 17.</li><li>Closely cooperate with internal colleagues (Finance/Accounting, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management.</li><li>Manage all actuarial requests of internal and external stakeholders including external/internal auditors as well as regulators, and address them on a timely basis.</li><li>Inter-regional coordination with other Swiss Re actuarial teams collaborating in various projects, such as supporting IFRS 17 actuarial process developments.</li><li>Detailed ad-hoc portfolio reviews and analyses as required including management support.</li></ul>About the TeamYou will be part of the Swiss Re Corporate Solutions actuarial team based in Zurich. Our team is responsible for determining the technical provisions at adequate levels meeting all local statutory as well as IFRS 17 requirements for the region Europe and Middle East. In addition, we also support Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.About YouWe are looking for:<ul><li>P&amp;C reserving actuary with preferably more than 4 years P&amp;C insurance experience across reinsurance or direct insurance.</li><li>Excellent understanding of capital calculations under the Solvency Assessment and Management (SAM) including the ability to develop corresponding tools from scratch.</li><li>Strong understanding of and experience with IFRS 17 financial principles and reserving methods for P&amp;C re/insurance business.</li><li>Experience in using actuarial and statistical software (for example SAS, R).</li></ul>We are seeking a highly motivated individual with strong interpersonal and communication skills to join our team. The ideal candidate will be able to effectively prioritize tasks and work proactively in a dynamic environment.With an integrative personality, you should have the ability to collaborate successfully with colleagues from diverse backgrounds and personal styles. If you are someone who thrives in a team-oriented environment and is driven by a proactive attitude, we would love to hear from you.We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases. Preference will be given to Employment Equity candidates.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Keywords:Reference Code: 132706

This role requires an actuary who can combine pricing skills, strong data analysis, with good project and stakeholder management. Are you someone who leads and ensures consistent application of sound actuarial principles but is also willing to challenge the status quo? You will interact with a broad range of stakeholders across the Life and Health business and work in a global, cross-functional project team. This role is based in the Global Underwriting &amp; Claims &amp; R&amp;D team but will also have close links into the Chief Pricing Office.About the Role<ul><li>Be a part of driving key strategic projects such as metabolic health, and health and wellness.</li><li>Drive the pricing and data analysis for the R&amp;D focused projects</li><li>Consult different market units on innovative opportunities and act as a sounding board for their actuarial considerations.</li><li>Help to drive forward actuarial thought leadership via project management, content creation and conference participation.</li><li>Act as an actuarial support for other key innovation projects such as AI, fraud and sustainability.</li><li>Collaborate with different MUs to develop their propositions through access to our global datasets.</li></ul>About the TeamThe Global UW &amp; Claims Innovation and Analytics team is an exciting global team within the Chief Underwriting Office. We're a cross functional team of underwriters, claims experts, actuaries, innovation and analytics experts with the remit to deliver projects or initiatives at a market or multiple-market level to improve the way we and/or our clients underwrite and manage claims. Our aim is to consult and engage with the Market Units (MUs) and clients to help deep-dive into, progress and deliver their initiatives by providing advice, technical support, global data insights and thought leadership aimed to improve client and customer outcomes. We also explore emerging technologies (including generative AI) and trends to develop new tools and services.About YouWe are looking for an open-minded, trustworthy and enthusiastic team player who can constructively and respectfully engage in challenging conversations. To be successful, you need to have strong communication, negotiation and analytical skills. Are you at ease with leaving the comfort zone and performing under pressure? Do you consider yourself to be a "self-starter", able and willing to take initiative and implement measures in a goal-oriented manner with:<ul><li>Degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability – an enhanced understanding of statistical methods is preferred.</li><li>At least 3+ years of actuarial experience and strong knowledge of actuarial concepts and principles</li><li>Pro-active in driving projects forward and identifying opportunities for improvements.</li><li>Resourceful in overcoming barriers, adopting a consultative approach as necessary.</li><li>Ability to review analytical results, derive recommendations and communicate implications to all stakeholders.</li><li>Strong analytical skills and a good understanding of datasets / databases.</li></ul>About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Are you a highly motivated individual looking for an exciting opportunity to join our Life and Health EMEA Regional Team (ERPT) in Cape Town or Johannesburg? Do you have a passion for actuarial pricing, and are looking for an adventurous role, where you can demonstrate technical and commercial capability? If so, we want you to join our team!About the RoleAs a Life and Health Actuarial Pricing Actuary, you will play a crucial role in pricing life &amp; health business in the UK and across Continental Europe. You will collaborate cross-functionally and with clients on pricing and product development opportunities, you will perform data analyses relating to emerging claims experience and monitor the performance of our reinsurance portfolio.Joining our team means gaining a deep understanding of the L&amp;H reinsurance market and supporting us in providing high-quality actuarial input to cross-functional teams within Swiss Re.Key responsibilities<ul><li>Lead the development and review of pricing bases and reinsurance terms for new and established products</li><li>Ensure profitability of current portfolio is maintained in conjunction with our reporting and experience studies teams</li><li>Collaborate with clients and cross-functional teams on product development opportunities</li><li>Drive thought leadership and provide guidance to others</li></ul>About the TeamOur South African based Regional Pricing team operates within L&amp;H EMEA. We pride ourselves on having a diverse team with a strong sense of community. Our leadership style is collaborative, and we work cross-functionally with our colleagues across EMEA, including pricing, client management, business management, underwriting, claims, and reporting teams.We like to have fun while delivering reinsurance pricing across a wide range of products in the UK and Central European markets. We are committed and supportive of one another and offer a flexible working environment where curious and adaptable people thrive.About YouDo you have strong communication and presentation skills? Are you looking to challenge yourself with an exciting opportunity? Having a curious and analytical mind - always asking questions and searching for solutions, customer focus and can do attitude you would be an excellent addition to our team.Essential:<ul><li>Qualified actuary (FASSA or equivalent) or candidate with good progress in exams</li><li>Minimum 4 years relevant experience</li><li>Pricing experience, and/or familiarity with reinsurance structures and retail protection markets preferred</li><li>Able to produce accurate, high-quality results while balancing multiple priorities</li><li>Comfortable independently owning outcomes and driving projects to execution</li></ul>Nice to Have:<ul><li>Good negotiation skills</li><li>Willingness to work abroad in the future</li><li>Ability to speak or read another European language</li></ul>Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases.Preference will be given to Employment Equity candidates.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

Imagine a role where you can progress your actuarial career, work closely with actuarial experts and directly contribute to the success of the company.Your focus in the role will be on the calculation of the solvency capital requirements under the Solvency Assessment and Management (SAM) framework for the legal entity Swiss Re Corporate Solutions South-Africa (SRCSA) including the valuation of best estimate technical provisions.The main responsibilities are:<ul><li>Perform the quarterly and annual solvency capital requirement calculations including market value balance sheet, SAM capital requirements, technical provisions and own funds</li><li>Prepare all actuarial SAM reporting including populating the actuarial components of the Quantitative Reporting Templates (QRTs) and documenting the solvency position results in the Own Risk and Solvency Assessment (ORSA) report</li><li>Perform the technical provisions transformation required from US GAAP/IFRS 17 to local GAAP</li><li>Closely cooperate with major internal partners (Finance/Accounting, Risk Management, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management</li><li>Play an active role in the actuarial team in supporting all actuarial requests of internal and external stakeholders including external/internal auditors as well as regulators, and address them on a timely basis</li><li>Inter-regional coordination with other Swiss Re actuarial teams collaborating in various projects, such as supporting actuarial process development including the implementation of IFRS 17 accounting standards</li><li>Detailed ad-hoc portfolio reviews and analyses as required including management support</li></ul>About the teamYou will be part of the Swiss Re Corporate Solutions actuarial team based in Zurich. We are responsible for determining the technical provisions at adequate levels meeting all local statutory and US GAAP as well as IFRS 17 requirements for the region Europe and Middle East. In addition, the team is supporting Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.Bringing strong interpersonal skills and ability to prioritize, you are bound for success in this role. In addition, you bring:Must haves:<ul><li>Bachelor's degree in Actuarial Science, with the candidate making good progress in the actuarial exams from Actuarial Society of South Africa (ASSA) or any other equivalent Actuarial Body</li><li>2 – 4 years relevant experience in P&amp;C (non-life) insurance business</li><li>Experience and good understanding of capital calculations under Solvency Assessment and Management (SAM)</li><li>Experience and good understanding of reserving methods for P&amp;C business</li></ul>Nice to have:<ul><li>Knowledge of US GAAP and IFRS 17 financial principles</li></ul>About usSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

About the Role:We are offering an exciting opportunity for a highly motivated, dynamic actuary in our Life and Health Middle East &amp; Africa (MEA) Pricing team in Cape Town. As a member of the Europe, Middle East and Africa (EMEA) hub you will develop innovative, market leading reinsurance solutions for the Middle East &amp; Africa markets, working collaboratively with local and global experts throughout Swiss Re.This is a client facing role: you will work closely with clients to understand their needs and deliver efficient solutions for them and for Swiss Re. You will apply your technical skills in a dynamic environment, thinking creatively to shape solutions to a broad range of challenges. You will also contribute to Swiss Re's wider market presence, including presenting at external events.Responsibilities may vary and can include the following:<ul><li>Lead or support the development and review of pricing bases and reinsurance terms for new and established products</li><li>Perform data analyses relating to emerging claims experience</li><li>Monitor performance of our reinsurance portfolio in conjunction with our reporting and experience studies teams</li><li>Collaborate cross-functionally with clients and external partners on pricing and product development opportunities</li><li>Depending on experience, own and drive thought leadership and provide guidance to others</li></ul>Are you looking for an adventurous role, where you can demonstrate both technical, commercial, and personal leadership capability? Then this is for you!About the TeamOur Cape Town based MEA Pricing team operates within L&amp;H Hub EMEA, and within the UKI &amp; MEA Pricing unit in particular. The team delivers reinsurance pricing across a wide range of products in the Middle East &amp; Africa markets. We work cross-functionally with our colleagues in client management, underwriting, claims and reporting teams, as well as our counterparts within the broader EMEA region. Rotations and ad hoc support between the UK and MEA Pricing teams encourage continuous learning and career development, whilst bringing added perspective to our clients.This team is diverse but with a strong sense of community. The work is demanding, but we like to have fun too. We are committed, curious and supportive of one another. We offer a flexible working environment where curious and adaptable people thrive.About you:<ul><li>Qualified actuary (FASSA or equivalent) or partially qualified actuary with approximately 4 to 8 yrs experience</li><li>Pricing experience, and/or familiarity with reinsurance structures and South Africa or UK retail protection market preferred</li><li>Excellent knowledge of relevant actuarial and statistical models (where R and GLM skills would be an advantage)</li><li>Strong customer focus with excellent inter-personal, communication, and influence skills</li><li>Highly motivated with the ability to produce accurate, high-quality work, under pressure, managing multiple priorities</li><li>An absolute team player, who is equally comfortable independently owning results and driving projects to execution</li></ul>Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases. Preference will be given to Employment Equity candidates.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

<div>About Swiss Re Corporate Solutions Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work. About the roleAre you experienced P&amp;C actuary? Join us and continue your development in one of the most respected companies on the market!Your focus will be on the calculation of the solvency capital requirements under the Solvency Assessment and Management (SAM) framework for the legal entity Swiss Re Corporate Solutions South-Africa (SRCSA) including the valuation of the best estimate technical provisions.Your responsibilities:<ul><li>Perform the quarterly and annual solvency capital requirement calculations including market value balance sheet, SAM capital requirements, technical provisions and own funds</li><li>Prepare all actuarial SAM reporting including populating the actuarial components of the Quantitative Reporting Templates (QRTs) and documenting the solvency position results in the Own Risk and Solvency Assessment (ORSA) report</li><li>Perform the technical provisions transformation required from US GAAP/IFRS 17 to local GAAP</li><li>Closely cooperate with internal colleagues (Finance/Accounting, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management</li><li>Manage all actuarial requests of internal and external stakeholders including external/internal auditors as well as regulators, and address them on a timely basis</li><li>Inter-regional coordination with other Swiss Re actuarial teams collaborating in various projects, such as supporting actuarial process development including the implementation of IFRS 17 accounting standards</li><li>Detailed ad-hoc portfolio reviews and analyses as required including management support</li></ul>About the TeamYou will be part of the Swiss Re Corporate Solutions actuarial team based in Zurich. Our team is responsible for determining the technical provisions at adequate levels meeting all local statutory and US GAAP as well as IFRS 17 requirements for the region Europe and Middle East. In addition, we also support Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.About You<ul><li>Qualified P&amp;C actuary with preferably more than 5 years post-qualification P&amp;C insurance experience across reinsurance or direct insurance</li><li>Excellent understanding of capital calculations under the Solvency Assessment and Management (SAM) including the ability to develop corresponding tools from scratch</li><li>Strong understanding of US GAAP and IFRS 17 financial principles and reserving methods for P&amp;C re/insurance business</li><li>Strong interpersonal &amp; communication skills</li><li>Ability to prioritize</li><li>Integrative personality with the ability to successfully work together with different personal styles and cultures</li><li>Proactive attitude</li></ul>We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases. Preference will be given to Employment Equity candidates. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.</div>

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