Zurich, Zurich, CH



About Swiss Re

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organised into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.


About the Role:


We are looking for a talented and motivated individual to join the L&H Actuarial Management team for Continental Europe and Latin America (CELA). This role will offer the opportunity to take responsibility for financial reporting and in-force management of our life and health (L&H) business across a number of interesting markets.


Key responsibilities include:

  • Developing a sound understanding of the underlying risks on the CELA Balance Sheet, and using this knowledge to facilitate proactive management of the in-force portfolio.
  • Providing support in the production and analysis of valuation results, across all bases (US GAAP, EVM, Lux GAAP, Swiss Statutory, Local GAAP, Others), for our in-force L&H business for selected markets.
  • Coordinate workflow of and provide support to more junior team member as required
  • Supporting the review and consolidation of Statutory results for the entire CELA region – including ensuring the transparent onward communication of these results.
  • Providing the support on in-force management activities (recaptures, changes in treaty terms etc.) from an actuarial perspective, and taking a proactive approach to management of the in-force portfolio.
  • Working closely with other functions – including Finance, Products, Client Markets and others.


About the Team:


The wider CELA Actuarial Management team, is part of L&H Business Management EMEA, and is made up of around 35 people, split between Zurich, Bangalore and London.

The remit of the team covers all L&H business written in our Continental European and Latin American markets – and therefore involves working with a wide range of internal interested parties.

Key objectives of the team are the delivery of robust and transparent quarterly financial results, supporting active management of our in-force portfolio to help maintain our L&H ROE, and delivering improvements in operational efficiency – including alignment to one global way of working, and system landscape, across L&H Business Management.

The structure of the team is based on a two-dimensional ownership model – under which the US GAAP reporting team will take ownership of production and analysis of results on all bases (and actuarial aspects of in-force management) for a sub-set of the markets, and of consolidation of US GAAP results across all markets.


About you: 


Technical Skills and Knowledge:

  • Qualified Actuary (part-qualified actuaries no longer pursuing examinations but with relevant experience will also be considered)
  • Experience with insurance or reinsurance reporting is an advantage.
  • Familiar with the range of L&H insurance products and reinsurance structures written in European markets. Specific market experience / knowledge advantageous.
  • Knowledge of US GAAP and/or an economic valuation framework (e.g. EVM) preferred, other bases are an asset
  • Strong Excel skills, experience in using actuarial software (e.g. Moses) would be appreciated.

Other Skills:


  • Team work - able to build working relationships across technical disciplines, and work effectively across the L&H value chain.
  • Capable of managing own workload when faced with multiple priorities, but willing to seek guidance from line manager as and if required.
  • An independent thinker - willing to form and defend own view on technical topics, when given the right support.
  • Strong communication skills, including being capable presenting results to / discussing results with internal interested parties.
  • Strong quantitative skills with innovation mindset.
  • Fluent in English, both oral and written. Proficiency in at least one other major European language would be advantageous.


We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.