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Shanghai, 31, CN


Associate Actuary 


About Swiss Re

Swiss Re Corporate Solutions provides risk transfer solutions to large and mid-sized corporations around the world. Its innovative, highly customised products and standard insurance covers help to make businesses more resilient, while its industry-leading claims service provides additional peace of mind. Swiss Re Corporate Solutions serves clients from over 50 offices worldwide and is backed by the financial strength of the Swiss Re Group.


About the role


Excellent opportunity for a junior to start his/her career within the Actuarial Department of a China local business environment including still international flavor. This position is embedded in the Swiss Re Corporate Solutions Group Risk Management team reporting to Reserving Actuary in China.


The main focus of the role will be on reserving. The role supports monthly and quarterly review of P&C loss reserves for Swiss Re Corporate Solutions China Operations. The role also supports the Chief Actuary and the Reserving Actuary in preparation of recommendations to reserve committees and legal entity management.


The main responsibilities are:

  • Assist in quarterly estimation of P&C insurance portfolio reserves (local statutory, US GAAP) including close cooperation with major internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting)
  • Assist in finance monthly close process including UPR calculation and IBNR roll-forward process
  • Support data preparation for C-ROSS solvency calculation and stress testing
  • Support ALM report, including data preparation
  • Provide support in preparation of internal and external statutory/financial reporting and presentations
  • Develop and maintain relationships with local actuarial and industry associations
  • Provide support in other actuarial matters as necessary


Key factors to a successful fulfillment of these responsibilities are close interactions with the main internal stakeholders, the motivation to deepen actuarial and financial knowhow as well as a pro-active attitude.


About the team


The incumbent will be part of the Swiss Re Corporate Solutions global actuarial team based in Shanghai. The team is responsible for determining the technical reserves at adequate levels meeting all local statutory and US GAAP requirements. The actuarial team encourages development of talents, including developing technical skills, nurturing actuarial sense and encouraging pursing actuarial qualification. The successful candidate will be able to learn from qualified and experienced actuaries. In addition, the team is supporting Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.


About you


The most relevant criteria for this position are the following: 


  • Quantitative background with 0-3 years of experience in P&C (re-)insurance industry
  • A university degree in actuarial science or related field (mathematics, statistics or economics)
  • Basic knowledge and understanding in P&C actuarial principles
  • Experienced in using MS Office Package, in particular Excel, Access, and PowerPoint. VBA is a plus
  • Knowhow of any programming language will be considered as a plus
  • Motivation to pursue actuarial qualification or qualified (e.g. FIA, FCAS, FIAA etc.)
  • Good written and verbal communication skills in both English and Chinese.
  • The successful candidate should be a quick learner
  • Paying attention to details
  • Proactive attitude



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