In-Force Structuring Actuary

at  Swiss Re

ABOUT YOU

You are a naturally inquisitive person who is self-motivated to engage with others in the quest for information. Your passion to perform is motivated by investigating sub-optimal financial positions and developing innovative tactics to mitigate/resolve these inefficiencies.

Essentials

• Excellent knowledge of the life & health products within the region, especially profitability drivers and risk profiles, obtained via direct experience in costing, actuarial management, or similar roles;
• Keen aptitude of decision making through analytical assessment along with professional judgement;
• Must be able to concisely communicate a management action to key stakeholders and routinely engage with peers throughout the organisation via strong verbal and written communication abilities;
• Strong organisation skills, able to prioritise multiple concurrent projects; and
• You enjoy team collaboration and contributing to the broader team on local and global business initiatives.

Nice to haves

• In-depth knowledge of the various local actuarial valuation requirements for our clients, by country;
• Familiarity with general IFRS-17 mechanics; impact assessments; and
• Experience leading cross-functional teams in implementation of management actions.

Leadership from Every Seat is our leadership ambition to empower all employees at Swiss Re to act as a leader and take ownership no matter where they sit in the organisation. There are three leadership imperatives that guide us on how we lead at Swiss Re, one of which is to ‘Be courageous’. At Swiss Re, this is about taking personal accountability.
We are looking for team members who stand for integrity, improve continually and navigate ambiguity. This means having the courage to be curious and to stretch yourself beyond what you already know. We want team members who drive change fearlessly and don’t always opt for the easy option, and can stay calm, focused and resilient during difficult times.
Regardless of what position we have at Swiss Re, all of us can be courageous, which will also help us in our personal and professional growth.
Swiss Re offers modern hybrid working arrangements that allow all employees to adapt to changing work preferences. We currently provide employees with attractive offices, competitive benefits such as 25 days annual leave, 15 days personal leave, work anniversary leave, salary continuance insurance, flu vaccinations and annual health checks.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Applications for this role will close on 24 April 2024 . We look forward to your application!

You are a creative thinker seeking an exciting opportunity to contribute to Life & Health Re’s In-Force Optimisation (IFO) initiatives. Your leadership in the global expansion of IFO will be demonstrated as you leverage your product knowledge to help design and execute on actions that will transform the global life and health balance sheet.
You will be responsible for networking with regional experts to develop and execute specific management actions that enhance the overall performance of Life & Health Re’s in-force book of business.

Key responsibilities:

• Synthesise the knowledge gathered through professional networking to develop a pipeline of prospective actions that will assist in achieving the IFO 5-year Ambition, and advance the pipeline forward into executable transactions;
• Partner with Regional Portfolio Steering & Monitoring teams (PSM) as well as key individuals within the Marketing Unit(s) via Smart Circle participation to identify regional & MU needs;
• Engage with Finance colleagues to understand the levers within the IFRS reporting framework and characteristics of the existing balance sheet so the financial impacts of any management action is identified early in the process; and
• Assist in Life & Health Re’s retrocession plans, working closely with Alternative Capital Partners (ACP) as needed.