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Location: 

Armonk, NY, US Fort Wayne, IN, US

In force Management Actuary

 


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.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of our 15,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

 

 

About the Role

This is an exciting opportunity for an experienced Associate or recently qualified Fellow of the SOA to join the In Force Management (IFM) team to manage the US Life & Health in force block.

 

In this role, you will be involved in developing, recommending and executing in force transactions, contractual recaptures, rate reviews and other in force actions.  You will be collaborating with subject matter experts from Products, Client Markets, Valuations, Finance, Legal and other Business Management functions. 

 

Main tasks/activities 

Key Business Responsibilities

  • Leading the admin ease recapture deal process alongside Technical Accounting  
  • Developing, recommending and executing in force transactions, contractual recaptures, rate reviews and other in force actions
  • Refine and augment projections reflecting block experience that incorporate GAAP, Statutory, Tax, and EVM accounting principles to value in force blocks for in force trades.
  • Proactively identifying potential in force opportunities in collaboration with Portfolio Management and leveraging Stargate "big-data" platform
  • Collaboration with Technical Accounting, Actuarial Management, Costing, R&D and Client Markets on administrative issues, alignment of methodologies, pricing processes, ease of admin recaptures and other in force transactions etc.
  • Understand ceding client perspectives.  Help identify good alternative solutions and ways to “get to yes” with in force ceding clients.
  • Maintain current knowledge of business practices, industry trends, and regulatory conditions. 
  • Develop presentation and/or communication materials for clients, internal stakeholders, rating agencies, regulatory and industry presentations.
  • Develop and challenge actuarial assumptions, results and conclusions for innovative in force transactions. 
  • Contribute ideas to gain efficiencies or reduce operational expenses, as well as generating additional GAAP income within the in force block of business.

Interaction with other parties:

  • External Clients
  • Client Markets
  • Legal
  • Technical Accounting
  • Products
  • Valuations
  • Finance

 

About You

  • University degree in mathematics or actuarial science
  • Qualified ASA or equivalent actuarial designation; FSA designation will be an asset
  • Good understanding of at least one valuation framework for L&H business (e.g. EVM, IFRS, US GAAP, Swiss, Canadian and US STAT)
  • Knowledge of commercially available actuarial software packages like GGY Axis
  • 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.
  • Strong verbal/written communication skills
  • 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

 

 

About the Team

IFM's mission is to preserve and enhance the value of the US Life & Health in force blocks formed in 2011.  It's mainly responsible for developing and executing in force deals and responding to client and internal stakeholder requests including contractual recaptures. IFM is evolving into a more proactive style of in force management leveraging Stargate "big-data" platform and the analytics capabilities of our sister team, Portfolio Management.

 

 

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.

 

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Reference Code: 93046