Bangalore

Part Qualified

Qualified

Life

Property & Casualty

Reinsurance

Python

Coding

Excel

Power BI

RAFM

AXIS

About Swiss Re

 

<div class="swissre_jobtemplate">
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 &amp; Casualty and Life &amp; 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. 

 

 
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About the role:

The person hired in this role will be a part of the In Force Pricing and Analytics team in Bangalore, and will have a great opportunity to apply his/her technical actuarial, modelling and data analytics skills across a wide variety of activities outlined below. The role offers an opportunity for out of the box thinking while working on solutions to a broad range of challenges. The resource will work in collaboration with colleagues in our In Force Management team and with subject matter experts throughout Swiss Re, both locally and within EMEA, and indeed globally. Furthermore, the resource will contribute to data analytics projects and support the development and commercialization of new innovative solutions.

The job responsibilities include the following:

<ul>
	<li>Perform actuarial analysis of portfolios in run-off to be commuted and determine the price for the scope in question.</li>
	<li>Collaborate with portfolio managers on commutation deals, as well as in providing actuarial insights on their portfolios</li>
	<li>Develop new and maintain existing pricing tools either independently (Excel and VBA based) or in a project team with other team-members and IT</li>
	<li>Participate in pricing projects</li>
	<li>Contribute to data analytics projects with the team</li>
</ul>

About the team:

The Bangalore In Force Pricing and Analytics team is part of the Bangalore P&amp;C Reserving Hub and falls under the Global Actuarial P&amp;C Re function.

About You:

Personal Qualifications

<ul>
	<li>Team player</li>
	<li>Strong communication skills</li>
	<li>Good technical acumen</li>
	<li>Experience in working in a multi-cultural environment</li>
	<li>Interacts and develops relationships with stakeholders across the globe</li>
	<li>Adapts to various situations</li>
	<li>Strives to be independent</li>
	<li>Questions existing processes, suggests improvements</li>
	<li>Ability to give constructive feedback, especially to senior colleagues</li>
	<li>Ability to travel</li>
</ul>

 

Required Education and Skills

<ul>
	<li>Academic Background in Science (Mathematics, Physics, Engineering, Statistics, Economics, Actuarial Science etc.)</li>
	<li>Minimum 7 actuarial exams and continuing to write in the future</li>
	<li>Minimum of 4 years of work experience in the P&amp;C actuarial domain –reserving/pricing/risk management/capital modelling</li>
	<li>Strong IT skills – Excel and VBA knowledge required, knowledge and experience with R or Python an advantage.</li>
</ul>
<div class="swissre_jobtemplate">
 

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.

 

Keywords:  
Reference Code: 109832 

 
</div>

About Swiss Re

 

<div class="swissre_jobtemplate">
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 &amp; Casualty and Life &amp; 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. 

 

 
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<h2>Function title:</h2>

Senior Actuarial Systems Analyst

Corporate band title:

Band E/F2

Corporate title:

Assistant Vice President/Associate

<h2>Working degree (%):</h2>

100%

<h2>No. of direct reports:</h2>

N/A

Solid Line Manager (Name &amp; function title):

Shrikanth K, Team Lead, Global L&amp;H Actuarial Systems

Function:

Reinsurance

Organizational Unit:

Life &amp; Health Business Management

Location:

<h2>Bangalore</h2>

Position objectives and position summary (short and precise definition of most important activities)

Support the L&amp;H Actuarial System/Process team in End to End &amp; co-ordination of IFRS production, centralized testing of L&amp;H actuarial systems ,co-ordination/communication activities with various teams such as IT, Regional Actuarial teams ,Testing Management teams and L&amp;H IT Production Operations teams

Main tasks/activities/responsibilities (in brief statements describe the main accountabilities of the job and specify responsibilities)

Co-ordinating/Managing with IT teams, Regional Teams, Testing management Teams, Defect Management teams in supporting IFRS Production runs and  UAT testing ,getting the required signoffs from regions for production releases or patch releases. 

<ul>
	<li>Establishing single point of contact for End to end delivery management, including communication of RAG status on key risks on deliverables, resources across stakeholders from different functions </li>
	<li>Supporting &amp; Resolving IT system issues during production including issue investigation/ proposing solution and UAT </li>
	<li>Co-ordination activities include supporting/updating regions actively on system upgrades and enable them to use the various L&amp;H systems effectively and efficiently </li>
	<li>Standardizing functionalities and process required for IFRS Local and Group reporting process</li>
	<li>Prepare user training materials for reporting and conducting user trainings</li>
</ul>

About You (education, linguistic ability, professional experience, leadership qualities, soft skills)

<ul>
	<li>Graduate or Post Graduate with more than 5 years of experience in actuarial/IT, with experience handling project delivery management, technical IT support to resolve actuarial system issues (System support teams)</li>
	<li>Ability to work accurately and deliver on a timely manner</li>
	<li>Exposure to actuarial valuation process with experience in working with actuaries will be an added advantage</li>
	<li>Must be able to write &amp; interpret business specs and ask clarifying questions</li>
	<li>Strong co-ordination and analysis skills</li>
	<li>Excellent oral and written communication skills</li>
	<li>Strong learning motive and lead projects </li>
	<li>Proficiency in SQL queries and production/UAt support management</li>
	<li>Exposure to reporting tools would be an additional advantage (MSBI/PowerBI)</li>
</ul>

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, including gender identity or expression, sexual orientation, age, marital status, veteran status, or disability status.  Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases.

 
<div class="swissre_jobtemplate">
 
Keywords:   
Reference Code: 112791 

 
</div>

About Swiss Re

<div>
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 &amp; Casualty and Life &amp; 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.
</div>

<div>
About the role
<ul>
<li>You will be a part of the Global Actuarial team working towards IFRS 17 implementation in Swiss Re. You will have ample opportunity to apply your technical actuarial, modelling and data analytics skills across a variety of activities outlined below. You will work in collaboration with Reserving actuaries across the globe. In this role, you will actively liaise with Finance colleagues and Appointed Actuaries on IFRS 17.</li>
<li>IFRS 17 is a paradigm shift for insurance accounting and reporting, with impact across Actuarial, Finance and IT functions. With this new standard there will be closer collaboration between Actuaries and Finance, and within the industry, Swiss Re is one of the few companies pioneering the implementation.</li>
</ul>
</div>

<div>
The job responsibilities include the following:
<ul>
	<li>Filling in gaps and upskilling Regional Actuaries with knowledge on IFRS17.</li>
	<li>Coordinating and working with Regional Actuaries and Finance in IFRS17 implementation.</li>
	<li>Assist in formulating implementation plans and management of such plans.</li>
	<li>Precise and timely completion of implementation tasks within the plan.</li>
	<li>Active liaison with the core policy team to resolve policy questions and local implementation issues.</li>
	<li>Support actuarial planning at a Legal Entity/ Regional level.</li>
	<li>Provide training and support for systems and calculation engines where local actuaries are completing tasks.</li>
	<li>Support Regional Actuaries and Finance with ad-hoc queries and requests.</li>
	<li>Assist local entities with regulatory requests such as quantitative impact studies.</li>
	<li>Prepare written documentation and presentations on the results of technical analysis.</li>
	<li>Provide support in documenting current processes and new IFRS requirements.</li>
</ul>
</div>

<div>
About the Team:
The IFRS17 Actuarial Implementation team is part of the Bangalore P&amp;C Reserving Hub and falls under the Global Actuarial P&amp;C Re function.
</div>


<div>
About You:
<ul>
	<li>Bachelor's or Master's degree in Mathematics, Statistics, Economics, Physics or equivalent field</li>
	<li>4+ years of experience in the P&amp;C actuarial domain</li>
	<li>Actively working towards the attainment of an actuarial qualification</li>
	<li>Experience in statutory reporting for P&amp;C branch entities</li>
	<li>Practical experience in insurance accounting (USG, IFRS4, Other)</li>
	<li>Excellent knowledge of insurance accounting principles</li>
	<li>Ability to work independently and accurately, with attention to detail and timely delivery</li>
	<li>Strong data organization, analytical, modelling, and problem-solving skills</li>
	<li>Excellent oral and written communication skills, desire for learning new concepts</li>
	<li>Ability to communicate complex technical concepts and results in a clear and detailed manner</li>
</ul>
<div>

<div>
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.
</div>

About Swiss Re

 

<div class="swissre_jobtemplate">
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 &amp; Casualty and Life &amp; 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. 

 

 
</div>
<style type="text/css">.swissre_footer {
 position: relative;
 margin-top: -50px;
 height: 30px;
 clear: both;
 margin-bottom: 20px;
 background: #EEE none repeat scroll 0% 0%;
 line-height: 30px;
 padding: 0px 10px;
 color: #AAA;
	font-family: "Arial,Helvetica,sans-serif";
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.swissre_jobtemplate {
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 max-width: 100%;
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<table cellspacing="0" class="Table" style="border:none;width:642.0px">
	<tbody>
		<tr>
			<td style="border-bottom:1.0px solid black;border-left:1.0px solid black;border-right:1.0px solid black;border-top:1.0px solid black;padding:0.0in 7.0px 0.0in 7.0px;width:642.0px" valign="top">
			 

			The RAFM Modelling Centre of Excellence (MCoE) is a large global team, responsible for creating and maintaining the RAFM actuarial models and Unify workflows used across 6 Swiss Re L&amp;H Reinsurance locations.  With a current team size of 15 based across 4 locations, the MCoE's remit spans from understanding requirements from stakeholders, through to the development, testing, quality assurance, maintenance and on-going support of RAFM and Unify.

			The MCoE in the wider context of Swiss Re Reinsurance is part of the Life &amp; Health Business Management division, which is responsible for the inforce management of Swiss Re's global L&amp;H Reinsurance business.   

			An exciting opportunity for a skilled actuarial student to join the MCoE team has become available to support the migration of the RAFM actuarial models to AXIS.  This project will create AXIS actuarial models which will ultimately replace the RAFM models.  The migration project will be completed in parallel by a separate project team of approx. 10 actuarial professionals who are part of the RAFM MCoE team.  This is a great opportunity to join the project team from the beginning and be involved in the end-to-end migration process including design, implementation, testing and handover of AXIS models.

			As a part qualified actuary with an understanding of life insurance/reinsurance industry, the successful candidate will be able to demonstrate sound technical actuarial knowledge and aptitude for developing and/or using actuarial models, specifically cash flow projection models, including understanding the actuarial assumptions, data and methodology and analysing and explaining the resulting cashflow and reserve projections. 

			The ideal candidate will have the following skills/experience:

			<ul>
				<li class="MsoBodyText3">Knowledgeable actuarial student with 0- 2 years of experience in the insurance/actuarial industry. Exposure to RAFM, AXIS, VBA, SQL or Python is ideal but not necessary.  Training will be provided as needed.  </li>
				<li>Excellent understanding of fundamental actuarial concepts. Completion of some actuarial exams would be preferable.</li>
				<li class="MsoBodyText3">Excellent organisational and analytical skills with attention to detail – able to understand details on business structure, product features and model requirements. </li>
				<li class="MsoBodyText3">Ability to understand and apply actuarial best practice (setting up models, documentation, governance, analysis, testing etc), </li>
				<li class="MsoBodyText3">Good communication, both written and verbal, with an ability to work with other MCoE/project team members in multiple locations</li>
				<li class="MsoBodyText3">Ability to support senior team members with resolving complex problems by debugging and unit testing</li>
				<li class="MsoBodyText3">Ability to work reliably, efficiently, transparently, accurately and deliver to deadlines</li>
				<li class="MsoBodyText3">Initiative in identifying issues and supporting other team members, peers and senior stakeholders</li>
				<li>Desire to learn from highly skilled actuarial professionals to grow your professional development</li>
				<li class="MsoBodyText3">Ability to work under pressure and prioritise tasks accordingly</li>
			</ul>

			 

			 

			We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, including gender identity or expression, sexual orientation, age, marital status, veteran status, or disability status. 
			Swiss Re offers modern work models and attractive workplaces that allow all employees to adapt to changing work preferences and life phases.
			</td>
		</tr>
	</tbody>
</table>

 
<div class="swissre_jobtemplate">
 
Keywords:   
Reference Code: 112650 

 
</div>

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