Corporate Actuary

About the Role

The key activities that you will be primarily responsible include:

1. Quarterly reserving and reporting processes of L&H business in Japan:

• 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, JGAAP, Singapore Statutory and Swiss Statutory
• Monitor, project and communicate performance of Japan and assigned L&H business portfolios

2. Support engagement with other internal teams (in Risk Management and other partner functions), external clients and regulators to ensure effective management of L&H in-force portfolios:

• Actively keep track of JFSA latest requirements, especially economic solvency and other actuarial requirements
• Support liaison with 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, Risk Management and Finance

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

About the Team

Reporting to Corporate Actuary Manager, Life & Health ("L&H") Valuation Actuarial Asia, you will be primarily responsible for the activities of the Actuarial Management team in the Japan market. The Actuarial Management team is part of the L&H Risk Management division in Swiss Re, responsible for managing the in-force business. The Valuation Actuarial team in Asia supports Swiss Re's L&H business in Asia by providing financial information and advice on past/expected future profitability and experience.

This team works closely with other departments in Asia's L&H Community, including those in business origination functions (Client Markets and Products teams). Furthermore, the team has interdependent relationships with other units within the L&H Risk Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate.

About You

• At least 3 years of L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;
• Good progress in actuarial exams; and experience in corporate actuarial may be an advantage;
• 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;
• Working level understanding of at least one of the following: IFRS, JGAAP, Singapore Statutory;
• Good knowledge and proficiency of actuarial modelling systems