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Hong Kong, Hong Kong SAR, HK

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.

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 Team

The Portfolio Management team forms part of the Business Management division in Swiss Re together with other units including Technical Accounting, Actuarial Management and Claims. The team has interdependent relationships with other units within the L&H Business Management division and is required to cultivate a strong team culture in order to drive delivery of the overall divisional mandate.

The mandate of the Portfolio Management team is to monitor, protect and maximize the shareholder value extracted from the in-force L&H portfolio across its six markets in Asia: China, Japan, South Korea, South East Asia, Hong Kong & Taiwan and India.

As part of a team of twelve, this role reports to the Head L&H Portfolio Management Asia and working closely with other senior team members. Whist this role will focus on Japan market, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to the Managing Director and Regional Head of the Business Management in Asia Pacific. In addition, the team works closely with other departments in Division Asia's L&H Community, including Pricing, Finance, Transactions and Client markets.

About the Role

Portfolio Management:

  • Actively participate and support the Head of Portfolio Management Asia's responsibility in engaging with other internal partner functions (and with external clients) to perform effective management of L&H's in-force portfolios.
  • Driving initiatives on the inforce portfolio to actively manage inforce risk and increase value of the inforce. This includes for example:
    • Performing portfolio deepdives to review treaty profitability and propose actions to improve treaty performance
    • Complete quantitative experience analysis and valuation for recapture or non-contractual change on the inforce.
    • Driving key inforce initiatives within Swiss Re such as US GAAP initiatives, Portfolio Optimisation, Customer Retention Management, IFRS 17 and other inforce solutions.
    • Reprice reviewable rate treaties or provide technical peer review support.

Experience monitoring:

  • Manage the production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other.
  • Act as a key input provider for business steering and in-force management via monitoring experience and communicating lessons learned and reserving implications to key stakeholders
  • Monitor treaty's rate review trigger or internal critical metrics to ensure timely action is taken when necessary.
  • Identifying early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the in-force and ensure its sustainability; Spot issue early and fix them.
  • Facilitating the feedback loop process, such that there is good information flow and action between the relevant cross-functional teams, for example, by chairing and present findings in market Portfolio Review Groups.

Transactions and New Business onboarding:

  • Support the team leader's role in providing referral review and approval on client treaty recapture and re-pricing activities requiring Business Management sign-off based on defined referral governance authority.
  • Support for transactions both pre-deal as key business bound representatives, and post deal implementation.
  • Ensure new business is onboarded considering its risk profiles and materiality. This includes developing operating manuals for large complex deals that define clear roles and responsibilities in the ongoing management and reporting of new business.
  • Regular management of retrocession agreements and process.
  • Provide occasional back-up technical support to the L&H Actuarial Management teams as the need arises.
  • Support Group wide and local projects as the need arises, including other priorities of the L&H Business Management team.

About You

  • Nearly qualified or qualified with a recognised Actuarial professional body.
  • Minimum 5+ years of L&H valuation or pricing experience in reinsurance or primary insurance.
  • Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis).
  • Working knowledge of US GAAP financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV).
  • Strong analytical skills, good understanding of financial reporting systems, actuarial models and data management.
  • Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes.
  • Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus.
  • Excellent interpersonal, communication and organisational skills.
  • Ability to liaise with various stakeholders on different in-force management initiatives.
  • Ability to navigate in ambiguity and to work autonomously.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, including gender identity or expression, sexual orientation, age, marital status, or disability status. Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases. If you think that you have the right knowledge, experience and personality for this job opportunity, you might be a perfect fit to our team, and we look forward to receiving your application.



Reference Code: 104702 


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