Associate Financial Analyst III

Swiss Re; Bengaluru; Hybrid; INR 2,800,000 - 4,200,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Swiss Re in Bengaluru is seeking a Financial Analyst in L&H FP&A. You will analyze performance, partner with Finance Operations and Underwriting, and support IFRS17 implementations while ensuring accurate end-to-end financial reporting and planning.

The ideal candidate holds CA/CFA or MBA (Finance) with 7+ years FP&A experience in Life & Health reinsurance, strong MS Office skills, and the ability to explain complex metrics to non-financial stakeholders.

Qualifications

• Qualified Chartered Accountant/CFA, MBA (Finance)
• University degree in Mathematics, Actuarial Science, Finance or equivalent
• 7+ years FP&A experience in Life & Health (Re)insurance; prior insurance industry experience required
• Understanding of financial reporting processes, GAAP, IFRS, and EVM frameworks preferred
• Interest in insurance/reinsurance with strong analytical capabilities
• Knowledge of insurance risk selection and risk-reward framework; actuarial education is a plus
• Proficiency in MS Office (Excel, PowerPoint, Word, Access)
• Ability to work with internal clients and cross-functional teams

Responsibilities

• Analyze quarterly L&H projections; review variances vs Actuals, Projections, and Plan
• Collaborate with Finance Operations, Valuation & Analysis, and Underwriting on pipeline deals and renewals
• Partner with stakeholders to translate performance metrics for broad audiences
• Assist IFRS17 implementation; understand end-to-end business flows and reporting
• Analyze market, client, and underwriting portfolios; explain drivers and ad-hoc tasks
• Support plan numbers for next year with Client Markets and Pricing teams
• Contribute to data management, forward-looking modelling, and analytics in a global, agile team

Skills

Financial analysis

MS Excel

PowerPoint

Stakeholder management

Problem solving

Education

Chartered Accountant (CA) / CFA or MBA (Finance)

University degree in Mathematics/Actuarial Science/Finance

Tools

MS Office

Job description

You will be a part of a pool of analysts and will be responsible for analyzing the financial performance of the Business Unit Life & Health Reinsurance (BU L&H Re). We support our leading client managers and underwriter in managing and steering their client relationships and portfolios. Within your role, you will be initially focusing on either a specific region, resp. Client segment (Americas / EMEA / Asia / Global).

The core activities of the Financial Analyst in the Life & Health (L&H) FP&A team include:

Liaison with Finance Operations on quarterly L&H projections process. Based on market unit submissions, review, and steer management from analysis of significant variances between Actuals, Projections and Plan

Work in close collaboration with colleagues in Finance Operations, Valuation & Analysis and Underwriting on topics related to the analysis of deals in pipelines, renewal data etc

Business partnering with stakeholders/client markets by communicating key performance metrics to business in a way that is easily understood by people not dealing on an every-day basis with data/reports

Assist to streamline activities as required for IFRS17 implementation for Finance, by having full understanding on the flow of the end-to-end business and finance operations, ledger closing and financial reporting (e.g., New Business and Business Plan)

Analyze market, client, and underwriting portfolios' performance, explain performance drivers, and regularly work on quickly emerging ad-hoc tasks

Involve in the analysis of IFRS business results and outputs from the reporting system, ensuring consistent valuation is observed as compared to the analysis performed under the Business Impact workstream

Support on carving out the plan numbers for the next year in coordination with the Client Markets, BU FP&A, Valuation and Pricing Team.

About the team:

L&H FP&A drives sustainable performance as Performance Architect and Commercial Advisor of the BU by crafting transparency on the financial performance, driving performance strategy, enabling resource & capital allocation, supporting performance initiatives, and providing commercial advice. Within L&H Finance, Bangalore team is an integral part and supports the global FP&A functions through data management, performance analysis and reporting, forward-looking modelling, and analytics. The financial analyst is a key role within an agile and driven team, providing the opportunity to delve into financial performance data managing key stakeholder data requests

About you:

Qualified Chartered Accountant/CFA, MBA (Finance)

Successfully completed university degree, preferably in Mathematics, Actuarial Science, Finance or equivalent

7+ years work experience in FP&A preferably in Life and Health (Re)insurance (Prior experience in Insurance Industry will be a mandatory requirement)

Basic understanding of financial reporting process or familiarity of the GAAP, IFRS and EVM accounting frameworks is preferable

Strong curiosity about/motivation to learn about insurance/reinsurance

Insurance products risk selection and risk reward framework understanding is preferable, Actuarial education is a plus

Proficiency in MS Office applications (Excel, PowerPoint, Word, Access)

Finance: source of earnings, income statement and balance sheet understanding / experience is preferable

These are additional nice to haves:

Mature & self-confident; Able to work with internal clients, business partners or senior colleagues

Approaches problems with curiosity and open-mindedness, fast learner

Capacity to readily adapt to a changing and dynamic environment

Team-player, willingness to contribute actively to the overall team spirit

Ability and enthusiasm to work in a global and multicultural environment

Very good communication and interpersonal skills

Ability to express him-/herself effectively in one-on-one conversations and small groups

Strong analytical skills and ability to focus on details without losing track of the bigger picture

Strong analytical/data processing skills and methodological/conceptual understanding

Ability to work independently and in conjunction with others.

Excellent organizer, flexible and able to work optimally under tight timelines

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

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. 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 15,000 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.

We may use AI‑powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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