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About the Role
Excellent opportunity for a junior to start his/her career and gain a global perspective in a multinational company. This position is embedded in the Swiss Re Corporate Solutions Group Risk Management team reporting to China Chief Actuary.
The main focus of the role will be on reserving and financial reporting. The role supports monthly and quarterly review of P&C loss reserves for SRCS China Operations. The role also supports the Chief actuary and the reserving actuary in preparation of recommendations to appropriate reserve committees and legal entity management.
The main responsibilities are:
- Assist in quarterly estimation of P&C insurance portfolio reserves (local statutory, US GAAP) including close cooperation with major internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting)
- Assist in estimation of payment patterns serving as one of the input parameters for IFRS 17, EVM and solvency calculations
- Assist in finance monthly close process including UPR calculation and IBNR roll-forward process
- Provide support in preparation of internal and external statutory/financial reporting and presentations
- Develop and maintain relationships with local actuarial and industry associations
- Provide support in other actuarial matters as necessary
Key factors to a successful fulfillment of these responsibilities are close interactions with the main internal stakeholders, the motivation to deepen actuarial and financial knowhow as well as a pro-active attitude.
About the Team
The incumbent will be part of the Swiss Re Corporate Solutions global actuarial team based in Shanghai. The team is responsible for determining the technical reserves at adequate levels meeting all local statutory and US GAAP (IFRS 17) requirements. The actuarial team encourages development of talents, including developing technical skills, nurturing actuarial sense and encouraging pursing actuarial qualification. The successful candidate will be able to learn from qualified and experienced actuaries. In addition, the team is supporting Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.
The most relevant criteria for this position are the following:
- Quantitative background with 1-5 years of experience in P&C (re-)insurance industry
- A university degree in mathematics, statistics, computer science, actuarial science or related field
- Skilled in R and Python, VBA and SQL is a plus
- Experienced in using MS Office, in particular Excel, Access, and PowerPoint.
- Basic knowledge and understanding in P&C actuarial principles
- Motivation to pursue actuarial qualification (e.g. FIA, FCAS, FIAA etc.)
- Good written and verbal communication skills in Chinese. Fluency in English is a plus
- The successful candidate should be a quick learner, and paying attention to details
- Proactive attitude
About Swiss Re Corporate Solutions
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.
Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces 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.
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