IFRS17 Reporting Actuary

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

We are looking for a talented and motivated individual to join the L&H Actuarial Management team for Continental Europe (CE). This role will offer the opportunity to take responsibility for financial reporting and in-force management of our life and health (L&H) business across diverse markets.

Key responsibilities include:

• Provide quality reserve and income statement submissions for internal and external reporting (IFRS17, local and Swiss statutory, US GAAP, and Economic Value Management)
• Applying actuarial judgement to challenging or subjective areas of the work done within the wider team, such as valuation assumption setting
• Supporting the review and consolidation of results for the entire CE region – including ensuring the transparent onward communication of these results
• Participating in management activities (i.e. recaptures and changes in treaty terms) from an actuarial perspective and taking a proactive approach to management of the in-force portfolio
• Working closely with other functions (including Finance, Products and Client Markets) and be a key member of the market cross functional team
• Communicating results to internal partners
• Coordinating workflow of and providing support to more junior team member as required.

About the Team

The wider CE Actuarial Management team, is part of L&H Business Management EMEA, and is made up of around 35 people, split between Zurich, Bangalore and London

The remit of the team covers all L&H business written in our Continental European markets and therefore involves working with a wide range of internal stakeholders in various functions.

Key objectives of the team are the delivery of robust and transparent quarterly financial results, supporting active management of our in-force portfolio to help maintain our L&H ROE, and delivering improvements in operational efficiency – including alignment to one global way of working, and system landscape, across L&H Business Management.

About You

• Qualified/part-qualified Actuary with good progress made towards Actuarial qualification (study package provided), preferably between 3-5 years of experience in L&H re/insurance
• Existing knowledge of IFRS17 is an advantage
• Supporting the team in the journey towards publishing the first balance sheet under IFRS17
• Understanding of the methods of calculating policy liabilities and embedded values. US GAAP financial reporting and solid understanding of market consistent valuation methods is preferred
• Team work - able to build working relationships across technical fields, and work effectively across the L&H value chain (including non-actuaries)
• Capable of handling own workload when faced with multiple priorities, but willing to seek mentorship from line manager as and if required
• Strong communication skills, including being capable of presenting results to/discussing results with internal interested parties and senior partners.
• Strong written and verbal communication skills in English are required

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

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