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Actuarial Analyst - Valuation

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.

*Role can be analyst or assoicate level, level will be determined based on skill set.

About the Role

As part of the Business Management team in the Americas, you will responsible for all facets of A&H Valuation for closed block of business (Admin Re). Responsibilities in details are:

    • Perform timely and accurate US STAT/GAAP/Swiss Stat/EVM quarterly valuation and reporting of Admin Re A&H business
    • Produce timely and accurate deliverables including external coinsurance reports and annual statement exhibits.
    • Support the advancement of planning and earnings analysis techniques to deliver transparent insights on business performance on all valuation basis
    • Run and maintain AXIS models and incorporate improvements as needed
    • Support experience studies on DI business and analyze and report to management on actual to expected variances
    • Support the premium rate increase filing work on Critical Illness business as needed
    • Actively work with data providers to seek clarifications and sort out data issues.
    • Modify existing documentation and controls if needed to reflect changes in reporting.
    • Support ad-hoc internal clients as needed (Finance, Legal, compliance, management)
    • Maintain SOX compliance and address external auditor request.

About the Team (Position Summary)

You will be part of the US Reinsurance actuarial reserving team. We are responsible for determining the technical reserves at adequate levels meeting all local statutory and US GAAP requirements along with Swiss Re internal EVM valuation basis.

In addition, the Company offers an Actuarial Development Program (ADP) that provides students with study time and financial incentives to progress through your Actuarial Exams, so long as you continue to qualify.

About You (Requirement)

You have

  • A University degree or equivalent
  • At least 3-4 SOA Actuarial Exam
  • Understanding of DI insurance products is preferred
  • 2-3 years of actuarial experience in costing, experience analysis, valuation and/or assumption development is preferred
  • Excellent technological skills including Microsoft Office products, in particular Excel and Access
  • Experience in AXIS is good to have
  • Strong communication skills, written and verbal
  • Very strong analytical and conceptual skills
  • Detail and deadline oriented.
  • A healthy level of attention to detail

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

As the COVID-19 pandemic continues to impact the world, it is our responsibility to help keep our employees, customers, partners and communities healthy and safe.  SwissRe will require all candidates interviewing in person in Canada to provide evidence of vaccination when arriving at our offices. 

Reference Code: 117222 

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