Senior Actuarial Analyst (2 Year Contract)

About the Team

Reporting to Regional Corporate Actuary, Life & Health ("L&H") Business Management Actuarial Asia in Singapore, you will be primarily responsible for the activities of the Actuarial Management in Asia. The Actuarial Management team is part of the L&H Business Management division in Swiss Re, responsible for managing the in-force business. The Business Management Actuarial team in Asia supports Swiss Re's L&H business in Asia by providing financial information and advice on past/expected future profitability and experience.

This team works closely with other departments in Asia's L&H Community, including those in business origination functions (Client Markets and Products teams). Furthermore, the team has interdependent relationships with other units within the L&H Business Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate. The Business Management division comprises the following units: Business Management Actuarial, Portfolio Management, Technical Accounting, and Claims.

About the role (Contract duration: 2 years)

This role is a key contributor to the development and implementation of processes for the upcoming International Financial Reporting Standard ("IFRS") 17 accounting standards for the Asia business.

Your main responsibilities will include implementation of IFRS reporting, including quantification of impacts, process set up, documentation and handover. Additionally, you will contribute to development and provision of the training process for the Asia actuarial team for IFRS17 reporting.

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

• Support the production/review of the balance sheet and earnings under IFRS17
• Contributing to the establishment of a new IFRS17 end-to-end reporting process.
• Assisting in review and comment on global IFRS17 implementation approach in various areas.
• 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
• Communicate the issues/challenges with senior actuaries or stakeholders on time
• Ad hoc assistance when needed for quarterly reserving and reporting processes of Asia business
• Assist in in-force data quality and proper determination of policy liabilities for USGAAP, Singapore Statutory, and economic reporting

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;
• 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 examinations;
• Excellent interpersonal, communication, organisational skills;
• Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;
• A good understanding of IFRS 17, USGAAP and MCEV.  Knowledge in Singapore local reserving standard would be considered an advantage;
• Good knowledge and proficiency of actuarial modelling systems; MoSes experience is desirable, but not essential;
• Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.

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.