P&C Reserving Actuary

Excellent opportunity for an experienced P&C reserving actuary to further develop his/her career within an international business environment. This position is embedded in the Swiss Re Corporate Solutions Actuarial Management team based in Zurich, which is part of the Swiss Re Group Risk Management.  

About the role

Are you an experienced P&C reserving actuary? Join us and continue your professional development in one of the most respected insurance companies on the market!
Your focus will be on the calculation of the solvency capital requirements under the Solvency Assessment and Management (SAM) framework for the legal entity Swiss Re Corporate Solutions South-Africa (SRCSA) as well as the valuation of the best estimate technical provisions.
 
Your responsibilities:
•    Perform the quarterly and annual solvency capital requirement calculations including market value balance sheet, SAM capital requirements, technical provisions and own funds
•    Prepare all actuarial SAM reporting including populating the actuarial components of the Quantitative Reporting Templates (QRTs) and documenting the solvency position results in the Own Risk and Solvency Assessment (ORSA) report
•    Support the calculation of local technical provisions under IFRS 17
•    Closely cooperate with internal colleagues (Finance/Accounting, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management
•    Manage all actuarial requests of internal and external stakeholders including external/internal auditors as well as regulators, and address them on a timely basis
•    Inter-regional coordination with other Swiss Re actuarial teams collaborating in various projects, such as supporting IFRS 17 actuarial process developments 
•    Detailed ad-hoc portfolio reviews and analyses as required including management support
 
About the Team
 
You will be part of the Swiss Re Corporate Solutions actuarial team based in Zurich. Our team is responsible for determining the technical provisions at adequate levels meeting all local statutory as well as IFRS 17 requirements for the region Europe and Middle East. In addition, we also support Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.
 
About You

We are looking for: 
•    P&C reserving actuary with preferably more than 4 years P&C insurance experience across reinsurance or direct insurance
•    Excellent understanding of capital calculations under the Solvency Assessment and Management (SAM) including the ability to develop corresponding tools from scratch
•    Strong understanding of and experience with IFRS 17 financial principles and reserving methods for P&C re/insurance business
•    Experience in using actuarial and statistical software (for example SAS, R)

We are seeking a highly motivated individual with strong interpersonal and communication skills to join our team. The ideal candidate will be able to effectively prioritize tasks and work proactively in a dynamic environment. With an integrative personality, you should have the ability to collaborate successfully with colleagues from diverse backgrounds and personal styles. If you are someone who thrives in a team-oriented environment and is driven by a proactive attitude, we would love to hear from you. 
 
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
 
Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases. Preference will be given to Employment Equity candidates. 
 
We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder. #LI-Hybrid