Shanghai

Graduate

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Products

Reserving

Reporting

Reinsurance

Risk

Python

Pricing

Capital

Consulting

Excel

ResQ

If you want to experience how things are done in L&amp;H MS &amp; Innovation Team at Hannover Re's Shanghai Branch, join us.Responsibilities:<ul><li>Conduct market research to identify emerging trends, new technologies and regulations in the insurance industry.</li><li>Assist in promoting collaboration with external providers or InsurTechs.</li><li>Support end-to-end project delivery, including timelines, stakeholder coordination, and documentation.</li><li>Assist in preparing reports regularly on project progress and outcomes.</li><li>Assist in other ad-hoc projects or tasks.</li></ul>Requirements:Essential:<ul><li>Bachelor’s degree or above.</li><li>2–3 years of working experience in the insurance industry.</li><li>Strong communication and interpersonal skills.</li><li>Proficient in Chinese.</li><li>Fluency in English.</li><li>Proficiency in Microsoft Office.</li></ul>Preferred:<ul><li>Experience in managing projects or working with cross-functional teams.</li><li>Experience in or familiar with emerging trends, InsurTechs, AI, and IT.</li></ul>What We Offer:Atmosphere: You will find an international working environment with short decision channels, an open feedback culture, and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Structured onboarding, superior benefits as well as modern offers for personal development, health management, and work-life balance.Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!

About the RoleExcellent 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&amp;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:<ul><li>Assist in quarterly estimation of P&amp;C insurance portfolio reserves (local statutory, US GAAP) including close cooperation with major internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting)</li><li>Assist in estimation of payment patterns serving as one of the input parameters for IFRS 17, EVM and solvency calculations</li><li>Assist in finance monthly close process including UPR calculation and IBNR roll-forward process</li><li>Provide support in preparation of internal and external statutory/financial reporting and presentations</li><li>Develop and maintain relationships with local actuarial and industry associations</li><li>Provide support in other actuarial matters as necessary</li></ul>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 TeamThe 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.About YouThe most relevant criteria for this position are the following:<ul><li>Quantitative background with 1-5 years of experience in P&amp;C (re-)insurance industry</li><li>A university degree in mathematics, statistics, computer science, actuarial science or related field</li><li>Skilled in R and Python, VBA and SQL is a plus</li><li>Experienced in using MS Office, in particular Excel, Access, and PowerPoint.</li><li>Basic knowledge and understanding in P&amp;C actuarial principles</li><li>Motivation to pursue actuarial qualification (e.g. FIA, FCAS, FIAA etc.)</li><li>Good written and verbal communication skills in Chinese. Fluency in English is a plus</li><li>The successful candidate should be a quick learner, and paying attention to details</li><li>Proactive attitude</li></ul>About Swiss Re Corporate SolutionsSwiss 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.

About MillimanMilliman is among the world’s largest providers of actuarial, risk management, and related technology and data solutions. Our consulting and advanced analytics capabilities encompass healthcare, property and casualty insurance, life insurance and financial services, and employee benefits. With more than 4,600 employees and revenue of US$1.43 billion in 2022, the firm serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. Founded in 1947, Milliman today has offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia and the Pacific, the Middle East, and Africa.Job Responsibilities<ul><li>Reserving, C-ROSS related assignments including minimum capital requirement and stress testing, and asset-liability management related assignments</li><li>Development of new products and premium rates as well as risk profile analysis</li><li>Due diligence and appraisal value for mergers and acquisitions</li><li>Project management and client communication</li></ul>What We Look For<ul><li>3+ years’ actuarial experience in Non-Life insurance industry, with bachelor’s degree or above in Mathematics, Statistics, Actuarial Science or related field</li><li>Familiar with China’s regulations related to reserving, solvency, and asset-liability management, and have related working experience</li><li>Proficiency with spreadsheets and database applications</li><li>R, SQL, SAS knowledge a plus</li><li>Proficiency in English and Mandarin</li><li>Strong quantitative and analytical skills</li><li>Strong communication (written and oral), and organizational skills</li><li>Client-focused, results-driven, and detail-oriented</li><li>Strong time management skills</li><li>Self-motivated and creative problem solver</li></ul>

If you want to experience how things are done in our office Hannover Re Shanghai, China, start planning your next career step with us and join our collaborative team on a permanent, full-time basis, commencing at the earliest possible date as an Actuarial Assistant.Your Tasks<ul><li>Supporting the development of a profitable Fac portfolio in Shanghai</li><li>Negotiating reinsurance terms and conditions in line with our strategies and risk appetite</li><li>Building and maintaining good relationships with clients, brokers, and internal</li><li>Providing technical services to internal &amp; external clients</li><li>Performing additional duties as assigned by management</li></ul>Your Profile<ul><li>Successfully completed University study with a Bachelor’s or Master’s degree in Civil Engineering, Mechanical, Petrochemical, Power Generation, Risk Management, or Safety Engineering or comparable academic background</li><li>Around 5 years’ relevant working experiences in underwriting, risk management, or claims handling</li><li>Solution-based work approach and a collaborative and team-minded work attitude</li><li>Native Mandarin Speaker. Good verbal and written communication skills in English language</li><li>Strong analytical and organizational skills</li><li>Strong negotiation and relationship management skills</li><li>Strong computer skills and ideally familiar with the use of quotation tools</li><li>Willingness to travel</li></ul>What We OfferAtmosphere: You will find an international working environment with short decision channels, an open feedback culture, and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Structured onboarding, flexible working hours, benefits superior to those of the collective agreement as well as modern offers for personal development, health management, and work-life balance are just some of our benefits.Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!If you too would like the assurance of a different way of working, take your next career step with us.

If you want to experience how things are done in our office Hannover Re Shanghai, China, start planning your next career step with us and join our collaborative team on a permanent, full-time basis, commencing at the earliest possible date as an Actuarial Assistant.Your Tasks<ul><li>Closely monitor and accelerate statement checking process</li><li>Analyze data from actuarial point of view</li><li>Assist Product Actuary on experience study on inforce portfolio</li><li>Communicate with TAD colleagues for statement problems</li><li>Participate in ad-hoc projects</li></ul>Your Profile<ul><li>Bachelor degree or above</li><li>Fresh graduate or one year working experience in insurance industry</li><li>Proficient in both Chinese and English</li><li>Proficient in Microsoft office</li><li>Basic knowledge in database</li><li>Good communication skills &amp; team player</li><li>Self-disciplined</li></ul>What We OfferAtmosphere: You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Structured onboarding, flexible working hours, benefits superior to those of the collective agreement as well as modern offers for personal development, health management and work-life balance are just some of our benefits.Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!If you too would like the assurance of a different way of working, take your next career step with us.

The Milliman Shanghai office provides consulting services to a broad array of clients in the Property &amp; Casualty and Health fields. We are looking for a junior-level actuarial analyst or fresh graduate.This position provides excellent opportunities for professional development and advancement. This position is open not only to candidates with an actuarial degree, but also to those with a degree with a high quantitative and analytical content (e.g. mathematics, statistics, operational research, risk management, engineering, etc). The candidate should have excellent analytical, communication, time management and organizational skills. We provide extensive on-the-job training in consulting skills and advanced actuarial techniques.Job Responsibilities<ul><li>Data preparation and analysis for the actuarial reserving works</li><li>Actuarial assistance to the development of new products and premium rates as well as the risk profile analysis</li><li>Actuarial support for due diligence and appraisal value for mergers and acquisitions of heath and non-life insurance companies</li><li>Client interaction including data collection, project updates and follow-ups</li><li>Creative problem-solving using spreadsheets, databases, and other resources to synthesize and analyze data and information</li><li>Presenting results to peers, project managers, and client relationship managers</li><li>Drafting written reports and preparing other external/internal correspondence</li><li>Preparing and documenting project files</li><li>Assisting with research and marketing projects</li></ul>What we're looking for<ul><li>Fresh graduates or 1-2 years’ experience in health and non-life actuarial position, with Bachelor degree or above in Mathematics, Statistics, Actuarial Science or related field</li><li>Proficiency with spreadsheets and database applications (Microsoft Office products)</li><li>R, SQL, SAS knowledge a plus</li><li>Proficiency in English and Chinese Mandarin</li><li>Strong quantitative and analytical skills</li><li>Strong communication (written and oral), and organizational skills</li><li>Client-focused, results-driven, and detail-oriented</li><li>Strong time management skills</li><li>Self-motivated and creative problem solver</li><li>Ability to work independently and in a team environment</li></ul>About MillimanMilliman is among the world’s largest providers of actuarial, risk management, and related technology and data solutions. Our consulting and advanced analytics capabilities encompass healthcare, property and casualty insurance, life insurance and financial services, and employee benefits. With more than 4,600 employees and revenue of US$1.38 billion in 2021, the firm serves the full spectrum of business, financial, government, union, education, and nonprofit organizations.Founded in 1947, Milliman today has offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia and the Pacific, the Middle East, and Africa.

About Swiss Re Corporate Solutions 

 

<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. 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. 

 
</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";
}

.swissre_jobtemplate {
	width: 970px;
 max-width: 100%;
 height: auto;
}

.jobDisplay .job {
font-family: "Arial" !important;
font-size: 12px !important;
}

.joqReqDescription {
 max-width: 100%;
 height: auto;
 align: center;
}

.joqReqDescription ul {
 width: 787px;
 max-width: 100%;
}

.joqReqDescription p {
 width: 827px;
 max-width: 100%;
}
</style>

About the Role

•    Act as ambassador of the Actuarial function in collaboration with various teams to support Corso China's Group and Local IFRS 17 implementation, ensure all Actuarial related IFRS 17 topics are considered and implemented

 

About the Team

•    Support the IFRS17 implementation project, system development, process flow, financial reporting by interpreting and providing feedback based on Actuarial point of view 
•    Assess the actuarial data and assumption readiness for transition to IFRS17 
•    Develop IFRS17 actuarial models for non-life insurance business. Execute and test the IFRS17 functional solutions against IFRS17 requirements 
•    Close collaboration across IT, Finance or other parties to acquire and transform relevant product or actuarial technical knowledge for IFRS17 solutions 
•    Interpret modelled results from IFRS17, contrast with China GAAP and US GAAP, and communicate to stakeholders 
•    Support other tasks from the actuarial perspective in IFRS17 implementation and go-live project 
•    Support for ad-hoc works 
 

About You

•    Minimum of 5 years of experience in P&amp;C (re-)insurance industry 
•    Experience and knowledge in IFRS17. Actuarial valuation and reporting experience required 
•    Knowledge in statutory and regulatory environment in China. Good understanding of actuarial, accounting principles and information system. Knowledge in US GAAP or Solvency II is a plus 
•    A university degree in actuarial science, accounting or related field (mathematics or statistics) 
•    Strong analytics skill. Experienced in using Excel and PowerPoint. Proficient user of data analytics software, e.g. R or Python, ResQ is a plus. Knowledge in SAP FPSL is a plus. 
•    Excellent written and verbal communication skills in Chinese. Fluency in English is preferred 
•    Good interpersonal, planning and project management skills 
•    Quick learner, attention to details, proactive in seeking out and providing information 
•    Ability to work under pressure and prioritize tasks accordingly 
•    Have made good progress in actuarial qualification is a plus
<div class="swissre_jobtemplate">
 

 
</div>

Experience Actuarial Analyst Job Vacancies and Opportunities