Kuala Lumpur

Part Qualified

Associate

Qualified

Senior Actuary

Life

Health

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Modelling

Experience Analysis

Coding

Pricing

MoSes

Valuation

Excel

Takaful

Contract

RAFM

AXIS

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

The role will be part of the L&amp;H Re Southeast Asia (SEA) pricing team, taking responsibility for product development and pricing of new Life &amp; Health business to help the region achieve its ambitious growth plans.We aim to do this through better client experience, cutting-edge, better-informed pricing, and supporting the development of innovative products for clients in the region.We are a team of 10+ members, currently based in Singapore, Malaysia, and India. The role is non-supervisory, with the individual supporting the development of new products and the pricing of the business written across SEA in accordance with our technical guidelines.Major ResponsibilitiesNew Business Quotes and Product Development<ul><li>Support the pricing and modelling of new business, including quote reviews in South East Asia.</li><li>Identify and understand clients' needs and concerns.</li><li>Collaborate with cross-functional experts from Client Markets, Underwriting, and Claims to assess risks associated with specific opportunities.</li><li>Support product development and innovation by contributing technical insights, research, and project coordination.</li><li>Provide market insights for experience studies and the assumption-setting process to ensure market-consistent assumptions.</li></ul>Portfolio Management and Inforce Optimization<ul><li>Collaborate with XFT to identify key risks and mitigate them.</li><li>Review and monitor the underwriting performance of existing treaties and take appropriate actions to manage the portfolio.</li><li>Leverage data analytics to identify actionable risk insights and performance improvement opportunities across blocks of business.</li></ul>Costing Methodology / Guidelines<ul><li>Review pricing guidelines and ensure correct application.</li><li>Challenge the status quo and seek to simplify and improve existing practices.</li><li>Stay up to date with market, regulatory, and competitive trends.</li></ul>Qualifications &amp; Requirements<ul><li>Qualified or close to qualify actuary (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a bachelor's degree in actuarial science, Mathematics, Statistics, Economics or equivalent.</li><li>5+ years of experience in life insurance or reinsurance pricing, ideally with exposure to Southeast Asian markets.</li><li>Knowledge of the SEA market is highly preferred.</li><li>Working knowledge of IFRS17 reporting is highly desirable.</li><li>Strong technical and analytical skills, with experience in pricing tools and programming (e.g., Excel, R, Python).</li><li>Effective communicator with the ability to explain technical concepts to non-actuarial stakeholders.</li><li>Additional language skills (e.g., Thai, Vietnamese, Mandarin, Bahasa Malaysia/Indonesia) are desirable for engaging clients in respective local markets.</li><li>Experience in medical reimbursement pricing is a plus.</li><li>Willingness to travel within Southeast Asia (~10%).</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. 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.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.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.

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. 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.In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.About the teamThe L&amp;H Valuation &amp; Analysis team for Swiss Re Asia is responsible for delivering timely actuarial valuation, reporting and analysis activities for all L&amp;H reinsurance business written in Asia. It comprises people across Asia and is responsible for all the corporate actuarial requirements of the L&amp;H business.Activities of the team include:<ul><li>The calculation and monitoring of reserves;</li><li>Conducting experience studies and recommending assumptions to the Reserving Committee;</li><li>Monitoring and reporting of regulatory capital requirements;</li><li>Supporting the Appointed Actuary in meeting their statutory obligations;</li><li>Providing a service to other functions and units, including Pricing and Portfolio Management &amp; Insights.</li></ul>About the RoleYou will be at the forefront of financial reporting and business analysis. This role offers an exciting opportunity to apply your actuarial expertise in a collaborative environment while supporting the appointed actuary's internal and external responsibilities.You'll balance technical actuarial work with process improvement initiatives to drive efficiency and accuracy in our reporting frameworks.Key Responsibilities<ul><li>Perform IFRS 17 reporting activities, including quantification of impacts, analysis of results, and preparation of management information;</li><li>Conduct actuarial valuations for Family Retakaful + SEA traditional business, ensuring accuracy and timeliness;</li><li>Support the appointed actuary in fulfilling internal and external obligations;</li><li>Analyze experience and performance of the L&amp;H Retakaful portfolio;</li><li>Develop and enhance reporting processes, templates, and tools to improve efficiency and accuracy;</li><li>Mentor junior team members and contribute to knowledge sharing within the actuarial function.</li></ul>About you• 4-8 years of L&amp;H (re)insurance experience in either valuation or pricing functions.• Attained or close to attaining Fellowship in FIA, FIAA, FFA, FSA or another internationally recognized actuarial qualification.• Good understanding of IFRS and/or local reserving standards in Malaysia.• Proficient in MS Excel with strong technical skills in data analysis.• Fluent English communication skills.Additional nice to have skillsets/knowledge:• Knowledge of (Re)takaful Family business in pricing or valuation.• Experience with actuarial modelling software.• Familiarity with Malaysia’s (re)insurance and (re)takaful industry.

About the TeamThe Portfolio Monitoring & Insights (PMI) team forms part of L&H Portfolio Steering & Monitoring (PSM) within the Chief Underwriting Office (CUO). The PSM purpose is to generate insights and connect our business to proactively steer L&H in delivering sustainable profit. PMI APAC covers seven markets - Australia & New Zealand, China, Hong Kong & Taiwan, Japan, Korea, South East Asia and India.As part of the APAC PMI team, this role reports to the Head L&H Portfolio Monitoring & Insights Greater China and works closely with other team members. While this role will focus on the China market, it also includes participation in regional initiatives and offers great exposure to leaders at the executive level, including frequent access to Asia and Global Directors. In addition, the team works closely with other departments in the L&H Community, including Pricing, Client Markets, Claims, Valuation, and Finance.Key Responsibilities<ul><li>PMI: Actively participate and support the team's responsibilities to provide high-quality deliverables, engage and closely collaborate with Market Units, other internal partners, and external clients to perform effective management of the inforce portfolios.</li><li>Smart Circles: Actively support the establishment and facilitation of Smart Circles by providing portfolio insights and proactively steering management actions in delivering sustainable profit.</li><li>Identify and monitor key portfolio risks, rate review triggers, and financial KPIs to ensure timely action is taken when necessary.</li><li>Identify early warning signals and manage portfolio risks such that proactive action can be taken to protect the value of the inforce and ensure its sustainability.</li><li>Facilitate the feedback loop process, ensuring alignment and effective information flow between relevant cross-functional teams.</li><li>Driving initiatives on the inforce portfolio (mainly China market) to maximize value and manage risk. This includes:
<ul><li>Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance.</li><li>Reprice reviewable rate treaties and/or provide technical peer reviews.</li><li>Complete quantitative experience analysis and valuation for recaptures or non-contractual change on the inforce.</li><li>Driving initiatives on the inforce to deliver on key financial KPIs and inforce solutions.</li></ul></li><li>Experience Monitoring:<ul><li>Manage the production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and others.</li><li>Act as a key input provider for business steering and in-force management via monitoring experience and communicating lessons learned and reserving implications to key stakeholders.</li><li>Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary.</li></ul></li><li>Inforce Referrals and Transactions:<ul><li>Support the team leader in providing referral review and approval on client treaty recapture and re-pricing activities requiring PSM/CUO sign-off based on defined referral governance authority.</li><li>Support for transactions both pre-deal as key business bound representatives, and post-deal onboarding implementation.</li><li>Ensure new business is onboarded appropriately considering its risk profiles and materiality. This includes developing operating manuals for large complex deals that define clear roles and responsibilities in the ongoing management and reporting of new business.</li></ul></li><li>Support Group-wide and regional projects as required, including other priorities of the L&H PSM team.</li></ul>About You<ul><li>Nearly qualified or qualified actuary with a recognised Actuarial professional body.</li><li>Minimum 5+ years of L&H valuation or pricing experience in reinsurance or primary insurance.</li><li>Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis).</li><li>Working knowledge of IFRS 17 financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV).</li><li>Strong analytical skills, good understanding of financial reporting systems, actuarial models, and data management.</li><li>Experience in regular experience monitoring and highlighting/investigating variance in experience and its root causes.</li><li>Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus.</li><li>Excellent interpersonal, communication, and organisational skills.</li><li>Ability to liaise with various stakeholders on different in-force management initiatives.</li><li>Ability to navigate in ambiguity and to work autonomously.</li><li>Fluent in written and spoken English and Chinese.</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. We cover both Property & Casualty and Life & 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.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: 133478

Position summary:Swiss Re is seeking a qualified actuary to join its regional P&C Actuarial Reserving team, reporting to Head Actuarial Reserving P&C SID & China.The position is responsible for the preparation of statutory filings and attending to statutory matters for the legal entity Swiss Re Asia Pte Ltd Malaysia Branch. It also fulfills the role of Signing/Appointed Actuary for the branch (both Conventional and Retakaful). Additionally, the position is responsible for leading the evaluation and preparation of group reserving for portfolios of Asia markets (Southeast Asia, India, Korea, and Greater China).Responsibilities:Specific responsibilities include but are not limited to the following:<ul><li>Take the responsibilities of the Appointed Actuary for the SRAL Malaysia branch Conventional reporting and Signing Actuary for SRAL Malaysia branch Retakaful reporting.</li><li>Lead the evaluation and preparation of group reserving for portfolios of Asia markets (Southeast Asia, India, Korea, and Greater China).</li><li>Knowledge of IFRS17.</li><li>Provide support to Appointed Actuaries for other branches in the region regarding the portfolios this position is in charge of.</li><li>Represent Swiss Re at actuarial and industry forums and maintain/forge relationships with senior actuaries in the region.</li><li>Work with regulators and internal/external auditors on routine and special matters.</li><li>Make recommendations to appropriate reserve committees and branch management.</li><li>Provide support to the Head of Actuarial & Reserving APAC for actuarial matters and statutory reporting requirements as necessary.</li><li>Support discussions with underwriting in relation to reserving feedback loops and other product analysis.</li><li>Work on other projects as assigned, including participating in internal underwriting audits.</li><li>Support other areas of the company including Finance and Planning.</li><li>Provide leadership to regional junior actuarial resources in their development of data analytics capabilities.</li><li>Supervise junior actuaries in the Kuala Lumpur office.</li></ul>Position Requirements:<ul><li>Qualified Actuary.</li><li>Minimum of 10 years' experience in a Property & Casualty environment (insurance/reinsurance).</li><li>University degree in actuarial science or related field (mathematics or finance).</li><li>Meet the requirements for Appointed Actuary of Swiss Re Asia Pte Ltd Malaysia Branch. Previous experience in a statutory role (AA or similar) would be viewed favorably.</li><li>Good knowledge of Malaysia statutory and regulatory environments. Knowledge of other APAC countries' statutory and regulatory environments would be viewed favorably.</li><li>Solid actuarial valuation and reporting experience. Very good understanding of accounting, information systems, and investments.</li><li>Practical experience with risk-based capital frameworks.</li><li>Accomplished interpersonal and communication skills – demonstrates a clear and articulate standard of written and verbal communication in a complex environment.</li><li>Excellent business sense and appreciation of sound risk management techniques.</li><li>Proactive in seeking out and providing information.</li><li>Independent self-starter.</li><li>Excellent project management skills.</li><li>Actively looks to add value and take on additional responsibility.</li><li>Ability to work under pressure and prioritize tasks accordingly.</li></ul>About Swiss Re:Swiss 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 & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients.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.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.

The job holder will be under the lead of the Head of Reserving P&amp;C SID and China supporting both the Vice Presidents in the preparation of local and group reserves for Asian markets excluding Japan.Specific responsibilities include but are not limited to the following:<ul><li>Assist in the completion of quarterly and annual valuations (statutory, US GAAP and IFRS17 bases) on assigned portfolios, for sign off purposes (key output: quarterly reserve reports and relevant local branch reporting) and be responsible for the valuation output to be prepared for the reviewing actuary.</li><li>Assist in Transaction and Special Deal reserving.</li><li>Assist in the preparation of the related analyses and documentation of the quarterly reserving process including the Business Unit Reserving Committee (BRC) meetings.</li><li>Support Actuarial &amp; Reserving P&amp;C Asia team's responsibility as a key input provider for business steering via operational and experience feedback on portfolios highlighting areas for improvement.</li><li>Assist in the preparation of all local statutory reserving and reporting requirements of the regulators in the Swiss Re Asia P&amp;C branches as assigned.</li><li>Establish and maintain a network of relationships with other internal partner functions.</li><li>Develop and maintain relationships with local actuarial and industry associations.</li><li>Work with regulators and internal/external auditors on routine and special matters.</li></ul>Position Requirements:<ul><li>Minimum of 6 years' experience in a Property &amp; Casualty environment (insurance/reinsurance).</li><li>University degree in actuarial science or related field (mathematics or finance).</li><li>Actuarial trainee actively pursuing fellowship qualification with a recognised Actuarial professional body (eg. Australia, UK, USA, Canada).</li><li>Analytical skills, and the ability to handle both conceptual and practical issues.</li><li>Experienced in providing actuarial advice and support for specific lines of business reserves' results.</li><li>Strong knowledge of standard IT software (Excel, etc).</li><li>Excellent interpersonal, communication and influencing skills, particularly across different cultures (Asian diversity) and different functions (eg underwriting, finance, claims).</li><li>Ability to work under pressure and prioritize tasks accordingly.</li></ul>About Swiss Re:Swiss 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.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.

About Risk ManagementWe live in turbulent and uncertain times, and Swiss Re’s vision of making the world more resilient through both our investment and our business activities is needed now more than ever. Risk Management is uniquely positioned to help make Swiss Re itself more resilient, enriching risk taking by using our accumulated risk knowledge, perspective, and experience. We help identify risks worth taking as well as steer away from risks that could destabilise the business. We deliver accurate valuations of the business to ensure appropriate reserves are available as well as providing in depth views on how business is performing. In other words, we help ensure the profitability of Swiss Re so that we’re around long-term to honour our promises.About the TeamThe L&amp;H Valuation &amp; Analysis team for Swiss Re Asia is responsible for delivering timely actuarial valuation, reporting and analysis activities for all L&amp;H reinsurance business written in Asia. The team is part of the Global L&amp;H Valuation &amp; Analysis team, and eventually comes under the wider remit of L&amp;H Risk Management.About the RoleThis role is a key contributor for actuarial reporting under local statutory bases including both IFRS 4 and IFRS 17 for Swiss Re Retakaful (SRR).Your main responsibilities will include:<ul><li>Support the production/review of the balance sheet and earnings under IFRS 4 &amp;17.</li><li>Perform cashflow validations, variance analysis and impact assessment to ensure reported numbers are of high quality</li><li>Communicate the issues/challenges with senior actuaries or stakeholders on time.</li><li>Collaborate closely with team members or cross functional teams in other locations to provide actuarial feedback loop or actuarial management support.</li><li>Support quarterly reserving and reporting processes including regulatory reporting to Bank Negara Malaysia</li><li>Assist in actuarial models onboarding, assumption change and data review to ensure they remain appropriate.</li><li>Support ad hoc requests from the team when necessary.</li></ul>About You<ul><li>Around 3 - 5 years of L&amp;H (re)insurance experience in either valuation or pricing functions.</li><li>Actuarial students of FIA, FIAA, FFA, FSA or another internationally recognized actuarial qualification.</li><li>Good understanding of at least one of USGAAP, MCEV and IFRS and local reserving standards in Malaysia or Singapore.</li><li>Good knowledge and proficiency of actuarial modelling systems; Moses/AXIS experience is desirable, but not essential.</li><li>Proficient in MS Excel.</li><li>Excellent interpersonal, communication and organisational skill.</li><li>Able to navigate in ambiguity and work autonomously.</li><li>Able to hold yourself accountable and have a solution-oriented mindset.</li><li>Fluent spoken and written English.</li><li>Knowledge in (Re)takaful Family business including pricing and valuation would be considered an advantage</li></ul>We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. 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.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.

 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.

About the RoleThe key activities of the valuation team that you will be primarily responsible include:<ul><li>Quarterly reserving and reporting processes mainly for HK&amp;TW business (and support Malaysia Retakaful business as needed):
 - Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs
 - Ensuring in-force data quality and proper determination of policy liabilities for IFRS, HK Statutory, Singapore Statutory, and Swiss Statutory
 - Monitor, project and communicate performance of HK&amp;TW and assigned L&amp;H business portfolios</li><li>Modelling Support mainly for HK&amp;TW business (and support Malaysia Retakaful business as needed):
 - To assist in setting up and refining data, model points and assumptions for onboarding of business to RAFM models
 - Ensuring that the business is onboarded appropriately from RAFM to Swiss Re L&amp;H reporting systems including validating impacts on IFRS and various Statutory basis.</li><li>Engage with other internal teams and with external clients and regulators to ensure effective management of L&amp;H in-force portfolios:
 - Act as the liaison point on HK&amp;TW L&amp;H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing
 - Assist other teams, e.g. Portfolio Management, Technical Accounting&amp; Financial Controlling</li></ul>About the TeamReporting to Head L&amp;H Valuation HK, TW &amp; Korea, you will be primarily responsible for the activities of the valuation in Hong Kong and Taiwan ("HK&amp;TW") markets. The valuation team is part of the Risk Management L&amp;H Re in Swiss Re, responsible for managing the actuarial valuation, reporting and analysis for all reinsurance business written in Asia.The valuation team in Asia supports Swiss Re's L&amp;H business in Asia excluding Australia/New Zealand/China by providing financial information and advice on past and expected future profitability and experience. This team works closely with other departments in Asia's L&amp;H Community, including Pricing, Portfolio Management, and Client Markets teams. Furthermore, the team has interdependent relationships with other units within the Risk Management L&amp;H Re.The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture to drive delivery of the overall in-force management mandateAbout You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>At least 3 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;</li><li>Good progress in Actuarial Professional examinations;</li><li>Excellent interpersonal, communication, organisational skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A basic understanding of USGAAP, MCEV and HK local reserving. Knowledge in Singapore local reserving standard &amp; IFRS17 would be considered an advantage;</li><li>Good knowledge and proficiency of actuarial modelling systems; RAFM experience is desirable, but not essential;</li><li>Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.</li></ul>We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.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.

About the RoleThe role will be part of the L&amp;H Re Southeast Asia (SEA) pricing team taking responsibility for product development and pricing of new Life &amp; Health business to help the region achieve its ambitious growth plans. We aim to do this through better client experience; cutting-edge, better-informed pricing; and supporting development of innovative products for clients in the region.We are a team of 10+ members – currently based in Singapore and India. We are looking to expand our offer in our Malaysia office to support the growth of the SEA business. The role is a non-supervisory role with the individual supporting development of new products and the pricing of the business written across SEA in accordance to our technical guidelines.Major Responsibilities<ul><li>1. New Business Quotes and Tenders
 <ul><li>Lead and support the pricing and modelling of new business; this includes the review on quotes in South East Asia</li><li>Identify and understand clients' needs and concerns</li><li>Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity</li></ul></li><li>2. Costing Methodology and Guidelines
 <ul><li>Review pricing guidelines and ensure their correct application</li><li>Able to challenge status-quo and look to simplify and improve existing practices</li><li>Keep up to date with market, regulatory and competitive trends</li><li>Work with Experience Studies team to gain insight into claims and lapse experience</li><li>Ensure pricing guidelines are kept up-to-date via research and experience studies</li></ul></li><li>3. Product Development and Brand Presence
 <ul><li>Contribute to technical, research and project management input for product development initiatives</li><li>Support the marketing of Swiss Re’s services by working closely with clients and external partners</li></ul></li></ul>About You<ul><li>Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent working towards as qualified actuaries in an accredited actuarial society; the examination progress will be considered</li><li>Can demonstrate both strong technical knowledge and communication skills</li><li>Experience at using pricing tools and programming language, is a plus</li><li>Excellent verbal and written communication skills in English. Additional Asian language skills such as Thai, Vietnamese, Mandarin, Bahasa Malaysia or Bahasa Indonesia are desirable.</li><li>Travelling within South East Asia will be required about 10% of the time</li></ul>We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.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.

About the TeamThe Portfolio Management (PM) team forms part of L&amp;H Portfolio Steering &amp; Monitoring (PSM) within the Chief Underwriting Office (CUO). The PSM purpose is to generate insights and connect our business to proactively steer L&amp;H in delivering sustainable profit. Portfolio Management APAC covers seven markets - Australia &amp; New Zealand, China, Hong Kong &amp; Taiwan, Japan, Korea, South East Asia and India.As part of APAC PM team, this role reports to the Head L&amp;H Portfolio Management JKSI and working closely with other team members. Whist this role will support the JKSI markets, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to Asia and Global Directors. In addition, the team works closely with other departments in L&amp;H Community, including Pricing, Client Markets, Claims, Valuation, and Finance.Key Responsibilities1) Portfolio Management: actively participate and support the team's responsibilities to provide high quality deliverables, engage and closely collaborate with Market Units, other internal partners and external clients to perform effective management of the inforce portfolios.2) Smart Circles: actively support the establishment and facilitation of Smart Circles, by providing portfolio insights and proactively steer management actions in delivering sustainable profit.<ul><li>Identify and monitor key portfolio risks, rate review triggers and financial KPIs to ensure timely action is taken when necessary</li><li>Identifying early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the inforce and ensure its sustainability</li><li>Facilitate the feedback loop process, ensure alignment and effective information flow between relevant cross-functional teams</li></ul>3) Driving initiatives on the inforce portfolio to maximize value and manage risk. This includes:<ul><li>Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance.</li><li>Reprice reviewable rate treaties and/or provide technical peer reviews.</li><li>Complete quantitative experience analysis and valuation for recaptures or non-contractual change on the inforce</li><li>Driving initiatives on the inforce to deliver on key financial KPIs and inforce solutions</li></ul>4) Experience Monitoring:<ul><li>Manage the production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other.</li><li>Act as a key input provider for business steering and in-force management via monitoring experience and communicating lessons learned and reserving implications to key stakeholders</li><li>Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary.</li></ul>5) Inforce Referrals and Transactions:<ul><li>Support the team leader in providing referral review and approval on client treaty recapture and re-pricing activities requiring PSM/CUO sign-off based on defined referral governance authority</li><li>Support for transactions both pre-deal as key business bound representatives, and post deal onboarding implementation</li><li>Ensure new business is onboarded appropriately considering its risk profiles and materiality. This includes developing operating manuals for large complex deals that define clear roles and responsibilities in the ongoing management and reporting of new business.</li></ul>6) Support Group wide and regional projects as required, including other priorities of the L&amp;H PSM team.About You<ul><li>Actively pursuing, nearly qualified or qualified actuary with a recognised Actuarial professional body</li><li>Minimum 3 years of L&amp;H valuation or pricing experience in reinsurance or primary insurance</li><li>Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis).</li><li>Working knowledge of IFRS 17 financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV).</li><li>Strong analytical skills, good understanding of financial reporting systems, actuarial models and data management</li><li>Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes.</li><li>Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus</li><li>Excellent interpersonal, communication and organisational skills</li><li>Ability to liaise with various stakeholders on different in-force management initiatives.</li><li>Ability to navigate in ambiguity and to work autonomously.</li><li>Fluent in written and spoken English, multilingual is a plus.</li></ul>We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.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.

Find Actuary & Actuarial Jobs in Kuala Lumpur