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Swiss Re is hiring a

L&H Actuary

About the Role

  • Excellent opportunity for a Life & Health (L&H) reserving actuary to further develop his/her career within an international business environment. This position reports to the US IFRS Implementation Lead, who is part of the broader US L&H Actuarial Management Team within Swiss Re Group Risk Management.
  • The focus of the role will be on reserving, economic valuation and financial reporting. Furthermore, the position supports the business unit's growth strategy by collaborating in various projects, such as supporting actuarial process development including the implementation of a new reserving platform and IFRS accounting standards.
  • Quarterly calculation and review of L&H insurance portfolio reserves (local statutory, US GAAP, IFRS) including cooperation with internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting) producing a comprehensive explanation of emerging profitability
  • Improves and assures process efficiency and quality by automating process steps. Assists and mentors team members in reporting analysis
  • Performs quarterly Incurred But Not Reported (IBNR) reviews ensuring consistency between calculations in different systems and/or on different portfolios. Leads IBNR analysis relative to emerging experience, past sufficiency, projected balances and expected run-off
  • Provides support to the IFRS migration team for additional inputs or analysis needed for testing or production
  • Performs quarterly analysis of sensitivity to interest rate changes, assess and explain drivers of change, present and explain to senior management, risk oversight, and treasury.
  • Runs system reports to proactively investigate unexplained variances from different angles, different metrics or from differing legal entity structures
  • Owns a set of manual adjustments and checks performed for non-standard portfolios

About the Team

The position is embedded within a small group of senior actuaries and analysts who are responsible for setting life and health reserves for US L&H.

About You


  • Minimum of 10 years' experience in an insurance environment, Life and Health preferred
  • Bachelor's degree in actuarial science or related field (mathematics or finance)
  • Qualified actuary of the Society of Actuaries or an internationally recognized association, or actively moving toward an actuarial designation
  • Good understanding of actuarial methods, accounting principles, and information systems
  • Actuarial valuation and reporting experience required

Nice to Haves

  • Proactive in seeking out and providing information
  • Outstanding interpersonal and communication skills – demonstrates a clear and articulate standard of written and verbal communication in a complex environment
  • Actively looks to contribute and take on additional responsibility
  • Integrative personality with the ability to successfully work together with different personal styles and cultures
  • Proficient in English, any other language is a plus

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.

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.

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