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Hong Kong, Hong Kong SAR, HK

(Senior) Actuarial Analyst / Corporate Actuary (Contract until 31 Dec 2022)


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?




About the Role


The key activities of the Business Management Actuarial team that you will be primarily responsible include:
1)     Quarterly reserving and reporting processes of HK&TW business: 
- Ensuring the reporting process for L&H business is adequately reflective of the changing business needs 
- Ensuring in-force data quality and proper determination of policy liabilities for USGAAP, HK Statutory, Singapore Statutory, Swiss Statutory and economic reporting
- Monitor, project and communicate performance of HK&TW and assigned L&H business portfolios
2)     Modelling Support for HK&TW business: 
- To assist in setting up and refining data, model points and assumptions for onboarding of business to Moses models
- Ensuring that the business is onboarded appropriately from MoSes to Swiss Re L&H reporting systems including validating impacts on USGAAP, economic reporting and various Statutory basis.
3)     Engage with other internal teams (in Business Management and other partner functions) and with external clients and regulators to ensure effective management of L&H in-force portfolios:
- Actively keep track of HKIA latest requirements, especially RBC and other actuarial requirements 
- Act as the main liaison point on HK&TW L&H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing 
- Assist other teams, e.g. Portfolio Management, Technical Accounting, Risk Management & Financial Controlling
4)     Ad-hoc assistance when needed for IFRS 17 implementation in Asia.

(Management retains the discretion to add or change the duties of the position at any time.)

About the Team


Reporting to Regional Corporate Actuary, Life & Health ("L&H") Business Management Actuarial Asia, you will be primarily responsible for the activities of the Actuarial Management in Hong Kong and Taiwan ("HK&TW") markets. The Actuarial Management team is part of the L&H Business Management division in Swiss Re, responsible for managing the in-force business. The Business Management Actuarial team in Asia supports Swiss Re's L&H business in Asia 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 teams). Furthermore, the team has interdependent relationships with other units within the L&H Business Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate. The Business Management division comprises the following units: Business Management Actuarial, Portfolio Management, Technical Accounting, and Claims.


About You


•    Strong knowledge and working experience in L&H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role; 
•    At least 2 years of L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;
•    Attained or close to attaining Fellowship in Actuarial Professional examination;
•    Excellent interpersonal, communication, organisational skills;
•    Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;
•    A good understanding of USGAAP, MCEV and HK local reserving.  Knowledge in Singapore local reserving standard & IFRS17 would be considered an advantage;
•    Good knowledge and proficiency of actuarial modelling systems; MoSes experience is desirable, but not essential;
•    Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.


Reference Code: 108978 


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