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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. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.



Function title:

Senior Actuarial Analyst

Corporate band title:


Corporate title:

Senior Actuarial Analyst

Working degree (%):


No. of direct reports:


Solid Line Manager (Name & function title):

Karikalan Sigamani – Team Lead BM L&H Global Actuarial BLR



Organizational Unit:

Life & Health Business Management



ABOUT SVD Operations

L&H Business Management (BM) division is responsible for management of the Inforce business within the L&H Reinsurance Business Unit. SVD Operations team is part of Global's with objective to partner with regional valuations teams for model point store (MPS), expense calibration, head's-up log reporting, coordination for LHBM governance & operational perfection.

  • Through MPS submission, SVD operations team supports parametrisation (model points, assumptions, cashflows etc.) for Internal Risk Capital Assessment Model (ICAM) for SST & Solvency II reporting.
  • Expense calibration: Team performs and enable the regional valuation team in efficient allocation of acquisition and maintenance expenses across line of business along with expense inflation supporting the EVM expense reporting for income statement and balance sheet.
  • Head's-up log: Early warning system for senior leadership i.e. Ensuring all material risks to the balance sheet are understood, detailed, improving transparency are reported to senior management. Wherever vital, remedial action needs to be planned and implemented based on steering for management.
  • Governance activities regarding EUA management, Risk & Control Self-Assessment (RCSA), life and health authority database (LHAD) limits and handling technical standards.
  • Operational excellence includes process optimization, supporting digital transformation along with improve analytics & insights.

Given importance of above tasks and activities spanning across global valuation, finance and risk management teams, candidate will gain new challenges and exposure of working with senior BM leaders on key reporting activities.

Responsibilities (in brief, statements describe the main accountabilities of the job and specify responsibilities)

Business Responsibilities:

  • Contribute towards MPS submission including quarterly gross-ups.
  • Support MPS cashflows submission process, validation, performing reverse engineered assumption to support feed for ICAM model which covers 8 Swiss Re branches and split by different line of businesses like mortality, critical-Illness, longevity and disability income.
  • MPS responsibilities include design set-up of future system landscape and onboarding the disability income business for ICAM reporting. It is equally important to involve in testing for new landscape and its functionalities.
  • Support global projects like MPS to Swiss Re's global landscape and automations of MPS reporting.
  • Reporting HU (Heads-up), consolidation on monthly basis and provide various onwards reporting to LH BM partners (LH BM division head, GRC, external auditors and finance). This activity helps to project the potential volatilities in the financial numbers of L&H Reinsurance.
  • Support risk governance related activities like RCSA/DQA/Technical reserving standards documentation.
  • Support centralized valuation related activities within L&H BM.

Expectations from candidate:

  • At least 4+ years of experience in the Insurance/ Reinsurance domain.
  • Graduate or Postgraduate in Actuarial Science or Statistics. Along with Actuarial papers.
  • Knowledge about L&H products & reinsurance value chain.
  • Reporting knowledge of income statement and balance sheet across different basis.
  • Ability to understand and improve life & health valuations system landscape.
  • Excellent coordination, communication and design thinking skills.
  • Strong data organization and analytical skills.
  • Strong working exposure of MS Excel and PowerPoint. MS Access and VBA would be an additional advantage.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.



Reference Code: 107807 


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