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Armonk, NY, US Fort Wayne, IN, US

In Force Management Actuary - Hybrid Work Model


About the Role

This is an exciting opportunity for a qualified Fellow of the Society of Actuaries (or experienced Associate) to join the In Force Management (IFM) team to manage the Americas Life & Health in force block.  The In Force Management's mission is to preserve and enhance the value of the Life & Health in force business while creating new opportunities with clients.  In support of this mission, this role has the responsibility to develop, design, and deliver in force transactions and other in force actions.  The role offers technical development, deeper understanding of reinsurance treaty terms, client interactions, and opportunity to develop project management, negotiation and communication skills.


Job responsibilities include:

  • Proactively identify potential in force opportunities, using a variety of tools including Stargate, Swiss Re's 'big-data' platform
  • Recommend administrative ease recaptures.
  • Respond to client requests regarding exceptions and potential changes to contractual terms
  • Evaluate and assess client-initiated contractual recaptures
  • Understand ceding client perspectives. Help identify good alternative solutions and ways to 'get to yes' with in force ceding clients
  • Collaborate with cross-functional teams through various in force topics, including: Client Markets, Products, Contracts, Valuation, Finance, Legal, Reinsurance Admin, Risk Management, and Portfolio Management.
  • Progress deal pipeline along with cross functional teams from origination to treaty executions.
  • Calibration and modelling for rate reviewability and proactive non-contractual recaptures
  • Refine and augment projections to reflect block experience that incorporates GAAP, EVM, IFRS-17, Statutory, and Tax accounting principles to value in force blocks for in force trades
  • Maintain current knowledge of business practices, industry trends, and regulatory conditions
  • Develop presentation and/or communication materials for clients, internal stakeholders, and industry presentations
  • Develop and challenge actuarial assumptions, results and conclusions for innovative in force transactions


About the Team

In Force Management's mission is to preserve and enhance the value of the Life & Health in force business while creating new opportunities with clients.  It is responsible for developing and executing in force deals and responding to client and internal stakeholder requests including contractual recaptures. The team is evolving into a more proactive style of in force management leveraging Stargate and the analytics capabilities of Portfolio Management Group.


About You 


  • Bachelor degree in Mathematics or Actuarial Science
  • FSA designation or experienced qualified ASA (or equivalent actuarial designation)
  • Good understanding of at least one valuation framework for L&H business, e.g. EVM, IFRS-17, US GAAP, local statutory (US, Canadian, or Swiss)
  • Experience with actuarial modeling software, knowledge of GGY AXIS actuarial software is a plus.
  • Ability to review analytical results, derive recommendations and communicate implications to all stakeholders.
  • Strong problem-solving and design skills within the financial transactions space
  • Ability to communicate effectively, clearly and transparently to a variety of audiences
  • Ability to work independently and in a team to contribute to the successful delivery of time-sensitive projects
  • Ability to prioritize and manage multiple deliverables
  • Detail and deadline oriented
  • Experience in working with cross-functional teams, spread over multiple locations


For Armonk the estimated base salary range for this position is $128,000 to $225,000.  The specific salary offered for this or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.  At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation


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 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.

Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.


Reference Code: 124230 


Nearest Major Market: White Plains
Nearest Secondary Market: New York City

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