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Location: 

Fort Wayne, IN, US

 

US GAAP Engine Development Actuary - Fort Wayne 

About Swiss Re

The Swiss Re Group 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. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organized into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.

 

About the Role

This is an exciting opportunity for an experienced actuary to join the project team to implement ASU 2018-12 "Targeted improvements to the accounting for long duration contracts" for L&H Reinsurance globally. The insurance industry views this to be the largest change to US GAAP accounting in the last few decades.

In this role you will be leading the design and build of the global US GAAP reserving engine to produce the required balance sheet and quantitative disclosure items under the new accounting standard.

As well as delivery of the global US GAAP reserving engine, you will support actuarial system and process design decisions to ensure the new engine integrates seamlessly into the wider system landscape and process.

 

Key Business Responsibilities

  • Design interfaces with upstream and downstream systems (ADAM, LHSL)
  • Design/review system specifications for the US GAAP reserving engine
  • Ensure system functionality is appropriately tested after each development cycle
  • Manage day-to-day system development tasks and resources
  • Provide inputs to process and accounting policy choice topics by highlighting system implications
  • Work closely with Lead US GAAP BM Systems to ensure the system solution meets business process requirements and integrates seamlessly into the wider system landscape
  • Support US GAAP earnings analysis design
  • Support preparation of project communication materials and training programmes
  • Work with regional teams to solve specific challenges
  • Support the wider needs of the US GAAP project as required

 

About the Team

 Primary role is to support the Group Finance project on US GAAP long duration contract accounting changes

 

Interaction with other parties:

  • Life & Health and Finance IT
  • System Developers
  • Lead US GAAP BM Business Impacts
  • Reinsurance Finance
  • Group Finance
  • VR&A/IETV/IFRS project members
  • Regional and Global L&H actuarial Subject Matter Experts (pricing and reserving)
  • Regional and Global Technical Accounting/Claims Subject Matter Experts
  • Accounting & Reporting Subject Matter Experts
  • Project Managers

 

About You

  • Recent FSA (or equivalent)
  • Strong background in existing end-to-end L&H financial reporting systems
  • Several years L&H actuarial valuation experience
  • Good understanding of US GAAP valuation and reserving for L&H business
  • Good understanding of at least one economic valuation framework for L&H business (e.g. EVM, Solvency II, IFRS, new US GAAP)
  • Ability to translate concepts into system functionalities and processes
  • Ability to think about problems in a holistic manner and propose solutions
  • Ability to prioritize and manage deliverable timelines and resources
  • Experience in developing actuarial models and working with large actuarial databases. Knowledge of RAFM and Prophet is an asset.
  • Experience in working with cross-functional and cross-organizational teams
  • Good communication skills in English

 

 

The Company is an equal opportunity employer. It is the practice of the Company to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.

 


Nearest Major Market: Fort Wayne

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