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Actuary (IFRS 17)

Excellent opportunity for an experienced Health insurance reserving actuary to further develop his/her career within an international business environment. While this position is embedded in the Swiss Re Corporate Solutions Actuarial reserving team, which is part of the Swiss Re Group Risk Management, the corresponding contract is issued by Elips Versicherungen AG (EVAG) domiciled in Vaduz (Liechtenstein). Consequently, main workplaces will be Vaduz and Zurich.   

About the role


The main focus of the role will be the transformation of the actuarial reserving process under US GAAP to IFRS 17 for the Irish medical expense business (Medex) underwritten by SwissRe Corporate Solutions in collaboration with Laya, an Irish life company. Furthermore, the position will support the economic valuation and financial reporting under local GAAP, EVM and Solvency II.


The main responsibilities are:

•    transform the actuarial valuation process under US GAAP to IFRS 17 for the Irish Health insurance portfolio (Medex) including end-to-end testing in the new FPSL environment, comparative phase and parallel run

•    establish and run the future reserving process under IFRS 17 for the Health insurance portfolio  

•    support the actuarial valuation under local and Liechtenstein statutory, Economic Value Management (EVM) and Solvency II requirements

•    prepare the internal and external (statutory) financial reportings and presentations

•    closely cooperate with major internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting) including monthly reporting on key issues to provide early warning signals to senior management

•    detailed adhoc portfolio reviews and analyses as required

Key factors to a successful fulfillment of these responsibilities are close interactions with the main internal stakeholders as well as observation of external factors such as market and regulatory changes followed by adequate measures.


About the Team

The incumbent will be part of the Swiss Re Corporate Solutions Zurich based actuarial team. The team is responsible for determining the technical reserves at adequate levels meeting all local statutory and US GAAP 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.       

About You

The most relevant criteria for this position are the following:  

•    reserving actuary with preferably more than 3 years of Health insurance reserving experience across reinsurance or direct insurance

•    excellent understanding of US GAAP and IFRS financial principles and reserving methods for Health (re-)insurance business

•    broad experience within the framework of regulatory reporting, including solvency calculations (Solvency II)

•    strong interpersonal as well as written and verbal English communication skills

•    ability to prioritize, plan, and execute across multiple work efforts simultaneously

•    integrative personality with the ability to successfully work together with different personal styles and cultures

•    proactive attitude


Swiss Re embraces diversity and equal opportunity. We are committed to building an inclusive team that represents a variety of backgrounds, perspectives, and


Reference Code: 112273 


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