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Swiss Re is hiring a

Senior Actuarial Analyst

This is an exciting opportunity for a qualified Associate or Fellow of the Society of Actuaries (or equivalent actuarial designation) to join the In Force Management (IFM) team to manage the Americas Life & Health in force block, with a focus on defending and enhancing Swiss Re's Canadian In Force business.

The In Force Management's mission is to preserve and enhance the value of the Life & Health in force business while creating new opportunities with clients.

In support of this mission, this role has the responsibility to develop, design, and deliver in force transactions / recaptures and other in force actions. Partner with Portfolio Steering and Monitoring to leverage portfolio insights to develop in force actions in partnership with the Market Unit.

The role offers technical development, deeper understanding of reinsurance treaty terms, client interactions, and opportunity to develop project management, negotiation and communication skills.

Job responsibilities include:

  • Proactively identify potential in force opportunities, using a variety of tools including Stargate, Swiss Re's 'big-data' platform
  • Evaluate and assess client-initiated contractual recaptures
  • Evaluate In Force and New Business trades
  • Understand ceding client perspectives. Help identify good alternative solutions and ways to 'get to yes' with in force ceding clients
  • Collaborate with cross-functional teams through various in force topics, including: Client Markets, Products, Contracts, Valuation, Finance, Legal, Reinsurance Admin, Risk Management, Portfolio Steering and Monitoring, and the broader In Force Optimization team.
  • Progress deal pipeline along with cross functional teams from origination to treaty executions.
  • Calibration and modelling for rate reviewability and proactive non-contractual recaptures
  • Refine and augment projections to reflect block experience that incorporates IFRS-17, Statutory, and Tax accounting principles to value in force blocks for in force trades
  • Maintain current knowledge of business practices, industry trends, and regulatory conditions
  • Develop presentation and/or communication materials for clients, internal stakeholders, and industry presentations
  • Develop and challenge actuarial assumptions, results and conclusions for innovative in force transactions

About the Team

IFM's mission is to preserve and enhance the value of the Life & Health in force business, through treaty level actions, while creating new opportunities with clients. It is responsible for developing and executing in force deals and managing client contractual recaptures. The team is evolving into a more proactive style of in force management leveraging Stargate and the capabilities of In Force Analytics and Insights.

About You

  • University degree in Mathematics or Actuarial Science
  • Minimum ASA designation (or equivalent actuarial designation)
  • Good understanding of at least one valuation framework for L&H business, e.g. IFRS-17, local statutory (US, Canadian, or Swiss)
  • Experience with GGY AXIS actuarial software
  • Ability to review analytical results, derive recommendations and communicate implications to all stakeholders.
  • Strong problem-solving skills, particularly within data and modeling
  • Ability to communicate effectively, clearly and transparently to a variety of audiences
  • Ability to work independently and in a team to contribute to the successful delivery of time-sensitive projects
  • Ability to prioritize and manage multiple deliverables
  • Detail and deadline oriented
  • Experience in working with cross-functional teams, spread over multiple locations

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. 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.

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