Corporate Actuarial Analyst (12 months Contract)

About the Role: 

The key activities of the valuation team that you will be primarily responsible include:

1) Quarterly reserving and reporting processes mainly for Korea 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 IFRS, Korea Statutory, Singapore Statutory, and Swiss Statutory

- Monitor, project and communicate performance of Korea and assigned L&H business portfolios

2) Modelling Support mainly for Korea business:

- To assist in setting up and refining data, model points and assumptions for onboarding of business to RAFM models

- Ensuring that the business is onboarded appropriately from RAFM to Swiss Re L&H reporting systems including validating impacts on IFRS and various Statutory basis.

 3) Engage with other internal teams and with external clients and regulators to ensure effective management of L&H in-force portfolios:

- Act as the liaison point on Korea 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& Financial Controlling

About the Team: 

Reporting to Head L&H Valuation HK, TW & Korea, you will be primarily responsible for the activities of the valuation in Korea market. The valuation team is part of the Risk Management L&H Re in Swiss Re, responsible for managing the actuarial valuation, reporting and analysis for all reinsurance business written in Asia.

The valuation team in Asia supports Swiss Re's L&H business in Asia excluding Australia/New Zealand/China by providing financial information and advice on past and expected future profitability and experience. This team works closely with other departments in Asia's L&H Community, including Pricing, Portfolio Management, and Client Markets teams. Furthermore, the team has interdependent relationships with other units within the Risk Management L&H Re.

The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture to drive delivery of the overall in-force management mandate.

About You: 

•   1. 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.
•   2. 0~5 years L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy.
•   3. Good progress in Actuarial Professional examinations.
•   4. 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.
•   5.  Good understanding of IFRS 17. Local statutory knowledge would be considered as an advantage.
•   6. Proficient in Korean and coversational in English 
•   7. Good knowledge and proficiency of actuarial modelling systems; RAFM experience is desirable, but not essential.