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Junior Actuary (IFRS 17)

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. 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.



About the Role

This is an excellent opportunity for a P&C reserving actuary to further develop your career within an international business environment! This position is embedded in the Swiss Re Corporate Solutions team Actuarial Management Global Hub, which is part of the Swiss Re Group Risk Management. 

The main focus of the role will be on the IFRS 17 project with involvement in the reserving, economic valuation and financial reporting for the full picture.

In this role you:

•    Support in the group IFRS 17 project and ensure the fulfillment of local requirements.
•    Participate in the dry run of IFRS 17
•    Support in the quarterly estimation of P&C insurance portfolio reserves (local statutory, US GAAP) including cooperation with major internal partners (Claims, Underwriting, Pricing, Finance/Accounting)
•    Support in estimation of the corresponding pay-out patterns serving as one of the input parameters for EVM and solvency and IFRS 17 calculations
•    Contribute to other ad hoc analyses and tasks to support the members of the team


Key factors to a successful fulfillment of these responsibilities are close interactions with the main internal partners, the motivation to deepen actuarial and financial knowhow as well as a proactive attitude.

About the Team

You will be part of the Swiss Re Corporate Solutions actuarial reserving team. We are responsible for determining the technical reserves at adequate levels meeting all local statutory and US GAAP requirements globally. In addition, we are supporting Swiss Re Group in all actuarial risk management aspects in respect to Swiss Re Corporate Solutions. 

About You

•    Previous experience in P&C (re-)insurance
•    Understanding of IFRS 17 and US GAAP financial principles and reserving methods
•    Strong interpersonal as well as written and verbal English communication skills
•    Proactive attitude with ability to prioritize, plan, and execute across multiple work efforts simultaneously
•    Ability to successfully work together with different personal styles and cultures


We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where we work most effectively! 


This job offer is suitable for people who have been impacted by the invasion of Ukraine.


The minimum gross monthly base salary for this role is 1300 EUR full time. Our final offer to you will be set up fairly, considering the skills and experience that you bring to the Swiss Re Group. You can look forward to extra rewards and benefits including an attractive performance-based bonus.


We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks.


We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

Reference Code: 110724 


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⛔️ Swiss Re are no longer taking applications for this job.