Description
Corporate Title:
Assistant Vice President
Division:
CRM-Group Risk Management
Department:
CRMD-Risk Management L&H Re
Recruiter:
Helen Birnie
Hiring Manager:
Chin Han Heidi Lam
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.
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.About the Role
- Coordination of reserving and reporting process across Asia markets to ensure accurate and timely update of earnings and balance sheet. This covers quarterly reporting under IFRS 17 and Swiss Statutory requirements.
- Responsible for pricing to actuarial modelling, impact analysis and onboarding of new business/transactions by working closely with the structurer/pricing team and valuation modelling offshore team.
- Perform data analysis to assist the team in monitor, forecast, and communicate performance of both inforce portfolios and new business, including developing tools to enable the data analysis.
- Support the team in preparing management information packs on Asia's financial performance.
- Provide support to other teams (Portfolio Management, Risk Management, Products and Financial Controlling) on treaty profitability/Inforce value and analysis.
- Provide valuable insights at the quotation stage on the potential upside/downside to the financial metrics for Transactions.
- Understand and advise on the actuarial valuation model functionalities, limitations, and potential challenges to the Transactions deal team at quotation stage.
- Work closely with local valuation teams to maintain and improve regional deliverables, implement the actuarial process improvements and controls for overall efficiency.
- Work closely with the actuarial reporting team to monitor and provide insights on the regular performance of Transactions to senior management in Asia and Group
About the Team
Reporting to Regional Corporate Actuary, Risk Management L&H Re, you will be primarily responsible for the activities of the Actuarial Management function in Asia.
The Actuarial Management team is part of the Risk Management L&H Re in Swiss Re, responsible for managing the actuarial valuation, reporting and analysis for all reinsurance business written in Asia.
The Actuarial team in Asia supports Swiss Re's L&H business in Asia excluding Australia/New Zealand by providing financial information and advice on past and expected future profitability and experience.
About You
- Strong knowledge and working experience in L&H business, plus the ability to understand and communicate business needs with internal clients is key to success in this role.
- At least 5 years of valuation or pricing experience in reinsurance, primary insurance, or insurance consultancy.
- Qualified or working towards qualification from any recognized actuarial institution.
- Excellent interpersonal, communication, organisational and people management skills.
- Ability to balance rigorous technical requirements and business mindset to be solutions oriented; Strong technical knowledge and the ability to analyse data and processes.
- A good understanding of at least one of the following reporting regimes: US GAAP, IFRS 17, EV, or MCEV.
- Good knowledge and proficiency of actuarial accounting and modelling systems; RAFM/AXIS experience is desirable, but not essential.
- Proficient in MS Excel. Knowledge of MS Power BI and/or database software would be considered an advantage.
Keywords:
Reference Code:128153
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