Location: 

Armonk, NY, US

 

US GAAP Actuary 

About Swiss Re

The Swiss Re Group 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. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organized into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.

 

About the Role

This is an exciting opportunity to join the project team to implement ASU 2018-12 "Targeted improvements to the US GAAP accounting for long duration contracts" for L&H Reinsurance globally. The insurance industry views this to be the largest change to US GAAP accounting in the last few decades.

 

The primary focus of the role will be to build, maintain and improve Stargate as the analytical tool of choice to quantify and assess the impacts at transition and on future earnings. You will also work closely with L&H IT, the regional teams, as well as the US GAAP System team to understand the business, system and process impacts of the US GAAP changes.

 

Your responsibilities will include:

  • Optimize and maintain Stargate for US GAAP project use, including building visualisations and performing analysis of the business impacts
  • Quantify the impact at transition from implementing the changes and assess different policy choices
  • Analyze future earnings patterns and volatility under different scenarios and assess different policy choices
  • Identify contracts and portfolios where targeted actions could improve profitability or limit earnings volatility
  • Produce material for updates to steering boards
  • Work with regional teams to understand specific portfolios and develop solutions
  • Support the wider needs of the US GAAP project as required

About You:

  • Experienced Actuarial Analyst or newly/nearly qualified Actuary
  • Experienced in a programming language or data analytics
  • Understanding of life and/or health insurance products
  • Good communication skills in English
  • Self-motivated and eager to learn individual
  • Strong delivery focus as well as analytical capabilities
  • Ability to prioritize and manage multiple deliverables

 

Other assets:

  • Prior valuation or pricing experience
  • Good understanding of at least one economic valuation framework for L&H business (e.g. EVM, Solvency II, IFRS, new US GAAP)

Experience working together with L&H IT,

 

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.

 

Keywords: 
Reference Code: 85413 

 

 


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

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