43 days ago on career2.successfactors.eu

Actuary - Finance & Risk Management L&H

Swiss Re AG

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Actuary - Finance & Risk Management L&H

Actuary - Finance & Risk Management L&H 

Switzerland - Zurich 


About Swiss Re

This is your opportunity to join Swiss Re Group - one of the world's leading wholesale providers of reinsurance, insurance and other innovative forms of insurance-based risk transfer. Our business at Swiss Re is about understanding and analysing the major risks that concern the world - from natural catastrophes to climate change, from ageing populations to cybercrime. We combine experience with expertise and innovative thinking to create new opportunities and solutions for our clients. And we enable the risk-taking essential to enterprise and progress. This is only possible with around 10,000 truly exceptional Swiss Re people across our group worldwide.


About the role

Swiss Re's Business Unit (BU) Life Capital was formed on 1 January 2016, with the combination of the closed and open books of business. The BU Life Capital carries out the Life & Health primary insurance activities of the Swiss Re Group. Swiss Re Life Capital Reinsurance Ltd (SRLCR) will be a Swiss domiciled legal entity under the supervision of FINMA. SRLCR will be BU Life Capital's internal reinsurance entity and as such reinsure risks from other Life Capital business.

The position holder will be a member of Swiss Re's Group Risk Management team. In this role as L&H Actuary you will be
• responsible for correct statutory, US GAAP and economic valuation (EVM) figures of SRLCR.
• Monitoring SRLCR's Swiss Solvency Test calculations
• contributing to write the Chief Actuary Report for SRLCR
• performing independent deep dive reviews on specific portfolios when necessary
• reviewing the pricing assumptions for ceded and assumed reinsurance involving SRLCR
• preparing various reporting requirements such as the documentation for the quarterly reserving meetings
• providing actuarial oversight to Swiss Re's primary value chain initiatives, in particular challenging pricing accuracy
• providing guidance and support to other areas of Risk Management such as Risk modelling or Finance.


About the team

PVC & LCR Risk Management is a small team within Swiss Re's Group Risk Management Division. It provides actuarial and risk management related oversight over BU Life Capital.


About You

• Minimum four-year degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability
• You are a qualified actuary or nearly qualified actuary (Swiss Association of Actuaries or equivalent)
• Strong knowledge of Swiss Insurance regulation (e.g. Swiss Insurance Supervision Act, Swiss Insurance Supervision ordinance, FINMA-Circulars 11/03, 08/44)
• Several years Life & Health actuarial experience
• Excellent understanding of Swiss statutory and US GAAP reserving for L&H business
• Keen appreciation of sound risk management and solvency requirements (SST, Solvency II)
• Strong knowledge of the MS Office suite (particularly of MS Excel) or Matlab
• You are organized, a motivated team player and comfortable in a multi-cultural environment
• Strong verbal and written communication: ability to communicate complex issues to others in a clear and concise way.
• Your English and German are excellent.