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Swiss Re is hiring an

Actuarial Analyst (Corporate)

About The Team

Asia L&H Valuation team in Bangalore majority supports in valuation and modelling of pertaining to different regions where we operate in. Team also supports on various Business valuation and landscape migration projects. The team currently have close to 35 resources supporting different market/ project streams.

Position objectives and position summary

  • The role will report to the ASIA Valuation team based in Bangalore.
  • Some of the key responsibility will be :
    • Deliver quarterly valuation results for ASIA business to the relevant Reporting Actuaries, ownership of other reserving tasks such as capital calculations, assumption setting/ testing, Sensitivities, Recapture of business etc.
    • Access the credibility of data for modelling purpose.
    • Perform user acceptance testing upon new Moses model release.
    • Ownership around ensuring quality and completeness of the data provided by the technical accounting team for quarterly valuation purpose.
    • Support Asia region on Regulatory, Branch and SwissRe initiative projects.
    • Projects related to ASIA business such as System Process and Landscape developments, Moses model improvements, data flow automation, IFRS accounting standards implementation etc.
    • Ownership and maintenance of current ASIA models along with implementing any changes or corrections going forward
  • Interface with:
    • Data Management team for data requirements.
    • RAFM MCoE team on model maintenance & Improvement.

Valuation landscape management with IT and other relevant functions

Main tasks/activities/responsibilities:

  • Deliver LOCAL STAT, LOCAL TAX, Swiss Stat, IFRS reserving analysis for ASIA business.
  • Production of Statutory & Other regulatory requirements reports.
  • Ensure compliance with documented methodologies and bases.
  • Impact validation of updated assumptions.
  • Work closely with team in ASIA.
  • Provide support to Global Projects.
  • Contribute to improved quality and efficiency of reserving process.
  • Development of L&H landscape for ASIA region.
  • Perform user acceptance testing upon new Moses model release.
  • Support Asia region on Regulatory, Branch and SwissRe initiative projects.

Job requirements

  • 2+ years of experience in Actuarial.
  • Strong analytical skills, and the ability to handle both conceptual and practical issues;
  • Prior experience in L&H valuation or pricing experience in reinsurance or primary insurance is desirable, but not essential;
  • Prior actuarial modelling experience with actuarial modelling systems is preferred. Moses experience is desirable, but not essential;
  • Good verbal and written communication skills especially of complex and quantitative topics;
  • Proficient in Microsoft Word, Excel, Access, PowerPoint (knowledge of SQL and VBA will be considered an advantage);
  • Ability to understand and apply actuarial best practice (setting up models, documentation, governance, analysis, testing etc),
  • Ability to support senior team members with resolving complex problems by debugging and unit testing
  • Ability to work under pressure and prioritise tasks accordingly

About Swiss Re

Swiss Re is one of the worldโ€™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.

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