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 & 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.
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.
Position objectives and position summary (short and precise definition of most important activities)
Perform end to end process reporting process to support the EMEA L&H Business Management team in conducting quarterly/yearly valuation
Working under multiple reporting regimes: USGAAP, statutory and market consistent valuation (EVM), as well as providing input into the internal risk model and solvency reporting (SST, SII)
Support the consolidation of EVM results for entire EMEA region
Propose valuation assumptions for relevant line of business
Support the strategic priorities of the Business Management department
People management responsibilities could be added
Main tasks/activities/responsibilities (in brief statements describe the main accountabilities of the job and specify responsibilities)
To analyse valuation models used and make change if required
Calculation of reserves under different reporting regimes: USGAAP, Market Consistent and statutory
To assist in reserve analyses, explanation and commentary
To suggest valuation assumptions for given line of business
To assist the team-lead in consolidation of regional level results and prepare summary packs for Reserving Committees
To present the results to Reserving Committees if required
To apply technical knowledge and process skills to solve problems and develop solutions
Question existing processes & suggest improvements
Interaction with independent valuation result reviewers
Documentation of the assumptions, model output and quarterly results
This is one of the pioneer team to get into the global valuation process which Swiss Re uses to prepare financial results.
About You (education, linguistic ability, professional experience, leadership qualities, soft skills)
Highly motivated professional with good progress towards actuarial fellowship exams
5+ years of experience in reinsurance, life or health insurance products
Experience with market consistent valuation, Statutory basis and/or USGAAP an advantage
Ability to work and judge independently
Excellent oral and written communication skills
Good business and financial acumen
Work with teams across various locations
Strong technical knowledge, proficiency in working with spreadsheet packages, knowledge of a modelling software preferred (MoSes, Axis, Prophet) an advantage.