Beijing, BJ, CN

Senior Actuarial 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 and their passion for sustainability. 

About the Role

This role is mainly responsible for:
1.    Quarterly reporting for International Financial Reporting Standard ("IFRS") 17 and Swiss Statutory for Group reporting purpose. Maintain and enhance quarterly process with appropriate controls. Monitor, forecast, and communicate performance of both in-force portfolios and new business written in China.  For IFRS17, understand the impact of the new accounting standards on earnings and balance sheet and provide insights to management for business steering. Help to identify processes or areas to be enhanced after IFRS17 system solution goes live and coordinate with relevant functional teams to ensure changes are well understood and implemented. 
2.    Review results of experience studies on risks covered and on IBNRs for reserving purposes. Review and assess updates in Costing's Term of Trade. Conduct analyses and propose valuation assumption or methodology changes deemed appropriate for the in-force portfolios. Produce documentation required for change approval process.
3.    Provide input and conduct review required for the development of annual business plan
4.    Engage with internal functional teams and external stakeholders and regulators, as appropriate, to ensure effective management of L&H in-force portfolios.
5.    Assistance when needed for quarterly reserving and reporting processes, including but not limited to
a.    Assist in implementation of IFRS17 accounting standards for Local reporting purpose
b.    Assist in maintenance and improvements of valuation model (including migration of modeling platform to Axis), tools and process 
c.    Assist in in-force data quality and proper determination of policy liabilities for local accounting or solvency reporting bases
d.    The main focus is on the L&H business written in China, with expectation of providing support to business portfolios from other branches of Swiss Re as required
(Management retains the discretion to add or change the duties of the position at any time.)


About the Team

Reporting to Corporate Actuary, Life & Health ("L&H") Actuarial Management China, you will be primarily responsible for the activities of Valuation & Analysis in China. The Actuarial Management team is part of Group Risk Management in Swiss Re, responsible for managing the in-force business and supporting Swiss Re's L&H business by providing financial information and advice on past/expected future profitability and experience.

This team works closely with other departments in Asia's L&H Community, including those in business origination functions (Client Markets and Products), and those in in-force portfolio management functions (Claims, Technical Accounting etc.). The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture to drive delivery of the overall in-force management mandate. 


About You

-  Minimum 7 years of L&H (re)insurance experience in either valuation or pricing functions. Strong technical knowledge in L&H business, the ability to analyse large amounts of data, to balance rigorous technical requirements and business mindset to be solutions oriented, plus the ability to communicate business results and needs with internal and external stakeholders is key to success in this role.
-  Well on track for attaining fellowship from internationally recognized qualifications.
-  Excellent interpersonal, communication, organisational and influencing skills.
-  Proficient in spoken and written English and Chinese.
-  Direct experience with IFRS17 reporting would be considered an advantage.
-  Good knowledge and proficiency of actuarial modelling systems; MoSes/Axis/Prophet experience is desirable, but not essential.
-  Proficient in MS Excel. Knowledge of MS Access, SQL, R program and Python would be considered an advantage.




Job Segment: Accounting, Risk Management, Actuarial, Claims, Finance, Insurance