Reporting Actuary (Hybrid, 80 - 100%)

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; London; On-site; GBP 50,000 - 75,000; Full time

Job summary

Swiss Re is seeking an Actuarial Valuation Analyst for its L&H team in London. The role encompasses financial reporting and in-force management within the life and health sector. The ideal candidate will be a qualified actuary with over five years of experience, demonstrating strong analytical capabilities and excellent team collaboration skills.

Qualifications

• Over 5 years of experience in L&H re/insurance.
• Strong communication skills in English.
• Ability to manage workload under multiple priorities.

Responsibilities

• Deep dive into product lines and identify improvements.
• Perform experience studies and enhance data/models.
• Provide quality reserve and income statement submissions.

Skills

Analytical Skills

Teamwork

Communication

Education

Qualified/part-qualified Actuary

Tools

MS Excel

MS Power BI

Job description

We are looking for a talented and motivated individual to join the L&H Actuarial Valuation team for Continental Europe (CE). This role will offer the opportunity to take responsibility for financial reporting and in-force management of our life and health (L&H) business in Israel.

About the role

The key responsibilities include:
• Deep dive into various product lines, proactively identify the areas to improve.
• Perform experience study and enhance data/model/process whenever needed. Apply actuarial judgement in assumption setting.
• Communicate directly or support senior actuaries for assumption proposals and impact with key stakeholders.
• Participating in management activities (i.e. recaptures and changes in treaty terms) from an actuarial perspective and taking a proactive approach to management of the in-force portfolio.
• Provide quality reserve and income statement submissions for internal and external reporting (local and Swiss statutory, IFRS 17)
• Working closely with other functions (including Market Unit, Costing, Accounting, Finance, product team etc) and be a key member of the market cross functional teams
• Coordinating workflow and providing support to more junior team member as required.

About the team

The wider CE Actuarial valuation team, is part of L&H Group Risk Management EMEA, and is made up of around 35 people, split between Zurich, Bangalore and London.
The remit of the team covers all L&H business written in our Continental European markets and therefore involves working with a wide range of internal stakeholders in various functions.
Key objectives of the team are the delivery of robust and transparent quarterly financial results, supporting active management of our in-force portfolio to help maintain our L&H ROE, and delivering improvements in operational efficiency – including alignment to one global way of working, and system landscape.

About You

• Qualified/part-qualified Actuary with good progress made towards Actuarial qualification (study package provided), preferably for more than 5 years of experience in L&H re/insurance
• Strong analytical skills, attentive to details, and be able to challenge the status quo and lead/drive the enhancements.
• Team work - able to build working relationships across technical disciplines, and work effectively across the L&H value chain (including non-actuaries)
• Capable of managing own workload when faced with multiple priorities, but willing to seek guidance from line manager as and if required
• Strong communication skills, including being capable of presenting results to/discussing results with internal interested parties and senior stakeholders.
• Proficient in MS Excel. Knowledge of MS Power BI and/or database software would be considered an advantage.
• Strong written and verbal communication skills in English are required

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.

We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

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. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. 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 and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Start your career journey with Swiss Re.