Senior Actuarial Analyst

About Risk Management

We live in turbulent and uncertain times, and Swiss Re’s vision of making the world more resilient through both our investment and our business activities is needed now more than ever. Risk Management is uniquely positioned to help make Swiss Re itself more resilient, enriching risk taking by using our accumulated risk knowledge, perspective, and experience.

We help identify risks worth taking as well as steer away from risks that could destabilise the business. We deliver accurate valuations of the business to ensure appropriate reserves are available as well as providing in depth views on how business is performing. In other words, we help ensure the profitability of Swiss Re so that we’re around long-term to honour our promises.

About the Team

L&H Valuation forms part of the L&H Chief Risk Officer unit. The teams are accountable for independent valuation of Swiss Re's L&H business globally, with US GAAP reserves of more than USD20bn.

The L&H Valuation and Analysis Team is responsible for the production and analysis of quarterly and annual reserves for the Life & Health Reinsurance business written by Swiss Re. This includes business written across the world and covers all the lines of business that fall into L&H – mortality, CI, DI, longevity, as well as additional 'complex' products such as those with financial risk.

As well as production of the numbers, the team is responsible for ensuring timely and accurate information is fed back to the market units to ensure proactive decisions are taken to steer the L&H business in the best possible way.

About the Role

This role is a key contributor supporting actuarial valuation, reporting and analysis activities for Swiss Re's L&H Reinsurance business in South East Asia, which consist of key growth markets for Swiss Re with a dynamic range of insurance products and reinsurance structures. The key activities you will be primarily responsible for includes:

• Manage Singapore and Bangalore actuarial reporting teams to provide high quality production of US GAAP, EVM and Statutory actuarial valuation.
• Assist in actuarial models onboarding and ensure the data and assumptions used are appropriate; validate the modelling impacts on USGAAP, economic reporting and various Statutory base.
• Support regulatory reporting to the Monetary Authority of Singapore and Bank Negara Malaysia
• Support assumptions review on in-force business.
• Collaborate closely with cross functional teams to provide actuarial feedback loop and actuarial management support.
• Coach and provide guidance to junior colleagues.
• Support the transition to IFRS17 including implementation and analysis of results.
• Support ad-hoc projects and investigations when required.

About You:

• Around 5 - 8 years of L&H (re)insurance experience in either valuation or pricing functions.
• Attained or close to attaining Fellowship in FIA, FIAA, FFA, FSA or another internationally recognized actuarial qualification.
• Good understanding of at least one of USGAAP, MCEV and IFRS and local reserving standards in Singapore or Malaysia.
• Good knowledge and proficiency of actuarial modelling systems; Moses/AXIS experience is desirable, but not essential.
• Proficient in MS Excel. Knowledge in Python or R would be considered an advantage.
• Excellent interpersonal, communication and organisational skill.
• Able to navigate in ambiguity and work autonomously.
• Able to hold yourself accountable and have a solution-oriented mindset.
• Fluent spoken and written English.

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 and their passion for sustainability.

The Company is an equal opportunity employer and value diversity. It is the practice of the Company 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 advise the Recruiter/HR Professional of the accommodation needed.