Corporate Actuarial Manager (1-year contract position)

About the Role

This is a one-year contractual position, based either in Seoul or Hong Kong (visa sponsorship can be offered). We are open to considering part-time candidates; however, full-time commitment is required during quarter-end periods.

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

   - 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

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

About the Team

Reporting to Head L&H Valuation HK, TW & Korea, you will be primarily responsible for the activities of the valuation in the Korean market. The valuation team is part of the Risk Management L&H Re at 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, and 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

• 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.
• A minimum of 7 years of experience in L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy.
• 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.
• Good understanding of IFRS 17. Korea statutory knowledge would be considered as an advantage.
• Proficient in Korean and conversational in English
• Good knowledge and proficiency of actuarial modelling systems.