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Shanghai, SH, CN

Reserving Actuary

About Swiss Re Corporate Solutions 


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.



About the Role:

The incumbent will be part of the Swiss Re Corporate Solutions global actuarial team. The team is responsible for determining the technical reserves at adequate levels meeting all China statutory and US GAAP requirements, on China and worldwide basis. In addition, the team supports Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions. 


Excellent opportunity for a 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 China team reporting to the Head Actuarial Reserving APAC/Chief Actuary. You have management and development responsibility for one actuarial professional.


About the Team:

The main focus of the role will be on reserving and financial reporting. Furthermore, the position supports the business unit's growth strategy by collaborating in various actuarial related projects such as IFRS17.


The main responsibilities are:
•    Lead the Local reserving team to perform quarterly and monthly estimation of P&C insurance portfolio reserves (China Statutory, US GAAP) including close cooperation with major internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting)
•    Estimation of the corresponding pay-out patterns serving as one of the input parameters for EVM and solvency calculations 
•    Supports Finance in the preparation of internal and external (statutory) financial reporting's and presentations (e.g. C-ROSS) 
•    Prepare appropriate recommendations to reserve committees and legal entity management
•    Detailed ad-hoc portfolio reviews and analysis as required including management support
•    Actuarial support in IFRS17 and China growth strategies
•    Ensures adequate feedback loops to Underwriting, Claims and Finance
•    Develop and maintain relationships with local actuarial and industry associations
•    Support APAC Reserving initiatives


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 You:

•    Minimum of 5 years' experience in a Property & Casualty environment (insurance/reinsurance)
•    University degree in actuarial science or related field (mathematics or finance)
•    Qualified (or close to) actuary of local or an internationally recognized association 
•    Good understanding of actuarial, accounting, information systems
•    Actuarial valuation and reporting experience required, experience in other actuarial fields (pricing, underwriting, solvency) is an asset
•    Knowledge of statutory and regulatory environments in China.
•    Outstanding interpersonal and communication skills – demonstrates a clear and articulate standard of written and verbal communication in a complex environment
•    Proactive in seeking out and providing information
•    Knowledge in Python, VBA and ResQ is a plus
•    Knowledge and experience in IFRS17 is a plus
•    Actively looks to add value and take on additional responsibility
•    Ability to work under pressure and prioritize tasks accordingly 
•    Fluent in Chinese and English




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