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Bangalore, KA, IN

Senior Actuarial Modelling Analyst


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 more than 13,000 employees across the world.

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


The RAFM Modelling Centre of Excellence (MCoE) is a large global team, responsible for creating and maintaining the RAFM and Unify actuarial models across 7 Swiss Re Life and Health Reinsurance locations.  With a current team size of 15 based across 3 locations, the MCoE's remit spans from understanding requirements from our regional stakeholders, through to the development, testing, quality assurance, maintenance and on-going support of RAFM and Unify.

The MCoE in the wider context of Swiss Re Reinsurance is part of the Life & Health Business Management division, which is responsible for the inforce management of Swiss Re's global L&H Reinsurance business.  

An exciting opportunity for a skilled actuarial professional to join the MCoE team has become available. 

As a qualified / nearly qualified actuary with 5+ years of life insurance/reinsurance experience, the successful candidate will be able to demonstrate sound technical actuarial knowledge and experience using actuarial models, specifically cashflow projection models. This includes the ability to analyze and assess the validity of model outputs and to document and communicate findings effectively to stakeholders.

Experience testing actuarial models is beneficial but not required.

The RAFM actuarial models within the MCoE's remit are used by teams responsible for financial reporting, pricing and business steering across the UK, Continental Europe, Asia, Latin America, Africa, and Australia. This role will offer a great opportunity to learn about Life and Health reinsurance business across all of these markets.  Knowledge of the Life and Health insurance business in these markets is beneficial but not required.

The successful candidate will be able to:

  • Demonstrate proficiency in working with actuarial projection models (MoSes/RAFM advantageous), MS Excel, VBA and other spreadsheet and database packages. Ability to write or read Python code also advantageous.
  • Develop and improve testing tools, including Excel VBA based test engines
  • Effectively and accurately participate in reconciliation and analysis of the projected cashflows and be able to explain differences, to ensure the outputs are aligned with the business requirements and user acceptance criteria agreed
  • Prepare documentation, reports and other documentation
  • Support the handover of the RAFM models back to the model stakeholders to provide the necessary user training; Walk stakeholders through results and provide support on understanding analysis outcomes

Communicate effectively, both in writing and verbally, with stakeholders spread over several locations.  This will include virtual meetings across multiple Swiss Re locations

Reference Code: 94780