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Hong Kong, Hong Kong SAR, HK

Corporate 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.



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)    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:
- 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

3)    Modelling Support for HK&TW business: 
- To assist in setting up and refining data, model points and assumptions for onboarding of business to actuarial models
- Ensuring that the business is onboarded appropriately from models to Swiss Re L&H reporting systems including validating impacts on USGAAP, economic reporting and various Statutory bases.
(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; 
  • Around 3 years of L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;
  • Good progress in actuarial exams;
  • 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 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.

Keywords: Actuary, Actuarial 
Reference Code: 107818 


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