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Actuary (IFRS17)

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 Team


The Actuarial Management team is part of the L&H Business Management division in Swiss Re, responsible for handling the in-force business. The Business Management Actuarial teams support Swiss Re's L&H business by providing financial information and advice on past/expected future profitability and experience.


Swiss Re will adopt IFRS17 for Group reporting in 2024 and you have an outstanding opportunity to support L&H Business Management EMEA as we prepare for our transition to IFRS17.


About the Role


It provides an excellent opportunity for a motivated senior actuarial analyst to develop in-depth IFRS17 knowledge, work on IFRS17 implementation project with senior actuaries, involvement in the communication with management (department heads, regional head etc) regularly, and collaborate with various teams (Business Management, Finance, Production team in India, Technical accounting team etc).


You will play a key role in supporting the IFRS17 implementation for L&H Continental Europe and UK (including any dry run activities).


You will play a critical role in understanding the impact of IFRS17 on our balance sheet and future earnings via your support on the IFRS impact assessment work-stream.


You will collaborate with the IFRS17 project team and several other of our key partners in other functions. Excellent communication and collaboration skills are required.


You will communicate directly or support senior actuaries for IFRS17 project regular updates with management team. Excellent partner management skills are therefore a prerequisite.


The key activities of the Business Management Actuarial team that you will be primarily responsible include:


  1. Support the production/review of the balance sheet and earnings under IFRS17

  2. Contributing to the establishment of a new IFRS17 end-to-end reporting process.

  3. Assisting in review and comment on global IFRS17 implementation approach in various areas.

  4. Support IFRS17 training and engage BM team to prepare for the implementation. Understand the impact to earnings and balance sheet, and provide insight to management.

  5. Help to identify the process or areas to change for IFRS17 implementation, and co-ordinate with various teams to ensure changes are well understood and implemented.

  6. Communicate the issues/challenges with senior actuaries or stakeholders on time.


About You


  • Strong knowledge and working experience in L&H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role.

  • Knowledge of IFRS17 would clearly be beneficial for this role. Candidates with knowledge of US GAAP and Economic valuation frameworks, with a more basic understanding of IFRS17 that demonstrate a willingness to learn will also be considered.

  • Able to quickly develop understanding of new systems and processes.

  • At least 5 years of L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy.

  • Attained or close to attaining Fellowship in Actuarial Professional examination.

  • Excellent interpersonal, communication, organizational skills.

  • Ability to balance technical requirements and business mind-set to be solutions oriented, Strong technical knowledge and the ability to analysis large amounts of data.

  • Good knowledge and proficiency of actuarial modelling systems.

  • Proficient in MS Excel.


Does this describe you? Do not hesitate to apply!


We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.


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


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.

Reference Code: 110000 


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