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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 ASIA Valuation team based in Bangalore.
  • 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.
    • You will be responsible for setting up valuation models for Actuarial Management team in Asia.
    • 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.
    • Access the credibility of data for modelling purpose.
    • Perform user acceptance testing upon new Moses model release.
    • Ownership around ensuring quality and completeness of the data provided by the technical accounting team for quarterly valuation purpose.
    • Support Asia region on Regulatory, Branch and SwissRe initiative projects.
    • Projects related to ASIA business such as System Process and Landscape developments, Moses model improvements, data flow automation, IFRS accounting standards implementation etc.
    • Induct new business and large deals on valuation landscape, along with providing signoff on Segmentation


  • Interface with:
    • Regional Actuary and Market owners to ensure smooth on boarding of models into Production.
    • Costing/Pricing team to understand the pricing model/considerations.
    • Data Management team for data requirements.
    • Moses MCoE team on model maintenance & Improvement.
    • 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.
  •  Production of Statutory & Other regulatory requirements reports.
  •  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.
  •  Support portfolio management work with TA, client markets & Inforce Management team.
  •  Provide support to Global Projects.
  •  Contribute to improved quality and efficiency of reserving process.
  •  Development of L&H landscape for ASIA region.
  • Setting up valuation modes which includes on boarding of large deals and conversion of business from Loss ratio to Policy level reporting.
  • Perform user acceptance testing upon new Moses model release.
  • Support Asia region on Regulatory, Branch and SwissRe initiative projects.


Job requirements

  • 3+ years of experience in Actuarial.
  • Partially qualified actuary and good progress on exams.
  • Strong analytical skills, and the ability to handle both conceptual and practical issues;
  • Prior experience in L&H valuation or pricing experience in reinsurance or primary insurance is desirable, but not essential;
  • Prior actuarial modelling experience with actuarial modelling systems is preferred. Moses experience is desirable, but not essential;
  • Good verbal and written communication skills especially of complex and quantitative topics;
  • Proficient in Microsoft Word, Excel, Access, PowerPoint (knowledge of SQL and VBA will be considered an advantage);


About ASIA Team

Asia L&H Valuation team in Bangalore majority supports in valuation and modelling of pertaining to different regions where we operate in. Team also supports on various Business valuation and landscape migration projects.  The team currently have close to 15+ resources supporting different market/ project streams.

Reference Code: 101852 


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