Appointed Actuary Korea Branch

About the Role:

Reporting to Head Life & Health(L&H) Valuation HK, TW & Korea, you will be accountable for all valuation work in the Korea market and expected to step up to Appointed Actuary for Swiss Re Korea Branch subject to to regulatory approval. 

Your main responsibilities include:

• Appointed Actuary duty as required by Korean regulator (FSC/FSS), ensure compliance with regulations.
• Represent the Korea branch during interactions with regulators and relevant authorities.
• Monitor regulatory changes affecting actuarial practices and communicate with regulator on Swiss Re's position.
• Responsible for quarterly reserving and reporting deliverables for all basis that Swiss Re Korea reports (Group IFRS17, Singapore IFRS17, Korea IFRS17, Korea Solvency - KICS, Singapore Solvency, Swiss Statutory).
• Review the balance sheet and earnings under IFRS17 and provide valuation insights to senior management/market unit.
• Provide strategic guidance and support on actuarial issues related to statutory and financial reporting.
• Go to person between external auditors and internal stakeholders to ensure smooth audit process.
• Communicate issues/challenges with senior actuaries or stakeholders on time.
• Collaborate closely with local finance to explain and deliver statutory filings.
• Lead and mentor a team of actuaries based in both Seoul and Bangalore. Be a role model to guide and develop team and junior talents, by setting the right culture and best practice.
• Streamline and continuously improve upon existing processes.

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

About the Team

The L&H Valuation & Analysis team for Swiss Re Asia is responsible for delivering timely actuarial valuation, reporting and analysis activities for all L&H reinsurance business written in Asia. The team is part of the Global L&H Valuation & Analysis team, and eventually comes under the wider remit of L&H Risk Management. 

About You

•        A minimum of 10 years of actuarial work experience, with at least 7 years in the L&H sector (preferably valuation) and 3 years in the Property & Casualty (P&C).
• Must be a Qualified Korea Actuary. Other fellowship from internationally recognized actuarial body would be considered as an advantage but is not a must.
• Hands-on and technically skilled. Be able to and willing to independently handle groundwork (e.g. spreadsheet, deck, document) without junior support.
•        Good understanding of IFRS 17 and Korea statutory basis (K-ICS).
• Excellent interpersonal, communication, influencing and people management skills.
• Proficient in both Korean and English.
• Must fulfill the criteria specified under Article 184-2 (Eligibility Requirements for Appointed Actuaries) of the Insurance Business Act.