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Location: 

Bangalore, KA, IN

Corporate Actuarial Senior 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?

 

Position objectives and position summary (short and precise definition of most important activities)

  • The role will report to the Head ASIA & ANZ Valuation based in Bangalore, with a secondary dotted line report to the Corporate Actuary based in ASIA.
  • Although based in Bangalore. The successful candidate will be required to work very closely with the team in ASIA.
  • Role may also require to handle People management responsibility of 3+ people working on similar reporting requirements
  • Some of the key responsibility will be :
    • International Financial Reporting Standard ("IFRS") 17 valuation dry run :
      - Lead the IFRS 17 valuation dry runs for year 2021s to 2022 and assist in the IFRS 17 implementation in year 2022/2023 for ASIA & ANZ Market.
      - Liaise with Global/Asia IFRS 17 project team and local finance teams to address  concerns throughout the project and dry runs.
    • Deliver quarterly valuation results for ASIA business to the relevant Reporting Actuaries, ownership of other reserving tasks such as capital calculations, assumption setting/ testing, Sensitivities, Recapture of business etc.
    • Projects related to ASIA business such as System Process and Landscape developments, Moses model improvements, data flow automation, IFRS accounting standards implementation etc.
    • Management related activities for people reporting such as Goal Setting, Carer guidance, performance feedback etc
    • Contribute towards development of people & BM unit in Bangalore.
    • Induct new business and large deals on valuation landscape, along with providing signoff on Segmentation.

 

  • Interface with:
    • Finance Planning on Earnings Analysis and reserving deliverables
    • Technical Accounting (TA) on Portfolio Management.
    • Moses MCOE on model maintenance, & Improvement.
    • Products team on Experience Studies & Transactions on boarding.
    • Valuation landscape management with IT and other relevant functions.

 

 

Main tasks/activities/responsibilities

  • Deliver USGAAP, LOCAL STAT, LOCAL TAX, Swiss Stat, IFRS & EVM reserving analysis for ASIA business.
  • Ensure compliance with documented methodologies and bases.
  • Impact validation of updated assumptions.
  • On-board new business and Deals on valuation landscape, validate results & prepare documentation.
  • Moses model testing and development of new functionalities and new product features with MoSes MCoE team.
  • Work closely with team in ASIA.
  • Provide support to Global Projects.
  • Contribute to improved quality and efficiency of reserving process.
  • Development of L&H landscape for ASIA region.
  • Provide proper training (technical and systems) to junior and responsible to develop the them
  • Support in training activities to upskill junior members of the team

 

Job requirements

• 6+ years of experience in Actuarial.

• English language skills.

• Innovative.

• Demonstrates motivation and determination to progress.

• Strong team spirit

• Strong analytical skills 

• Communication skills

 

About ASIA Team

ASIA L&H Valuation team in Bangalore majority supports Individual Business valuation and landscape migration projection.  The team currently have close to 15+ resources supporting different line of business/ project streams across all valuation reporting.

 


Keywords:  
Reference Code: 99084 

 


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