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Location: 

Zurich, Zurich, CH

 

Senior P&C Reserving Actuary 


About Swiss Re
 

Swiss Re 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. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of our 15,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

 

About the role

This is an excellent opportunity for an experienced 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 Actuarial Reserving Team for Europe and Middle East (EMEA) and Asia Pacific (APAC), which is part of the Swiss Re Group Risk Management.

The main focus of this role will be on reserving, economic valuation and financial reporting. Furthermore, the position supports the business unit's growth strategy by collaborating in various actuarial projects such as M&A activities and supporting the actuarial process development, which includes the implementation of a new finance system. In addition, our new colleague will regularly and extensively discuss business results and activities with our senior stakeholders. Last but not least, he/she will be involved in the transition from USGAAP to IFRS 17 in terms of related actuarial topics.

 

What are the key responsibilities?

  • Quarterly estimation of P&C insurance portfolio reserves (local statutory, US GAAP), including tight cooperation with major internal stakeholders (Claims, Underwriting, Pricing, Finance/Accounting)
  • Presentation of results to senior management
  • Estimation of the corresponding pay-out patterns serving as one of the input parameters for EVM and solvency calculations
  • Preparation of internal and external (statutory) financial reportings and presentations
  • Detailed ad-hoc portfolio reviews and analyses as required
  • Actuarial support in M&A projects and growth strategies
  • Support of reserving tool, reporting and process development, including collaboration in the development of the new finance platform
  • Coordination with our actuarial teams in different regions to align on e.g., tracking of deliverables, process analysis, simplification and automation

 

Keeping close interaction with our crucial internal partners, observation of external factors, such as market and regulatory changes and taking suitable measures, are all keys to successfully fulfill these duties.


About the team

The incumbent will become part of our Swiss Re Corporate Solutions Zurich-based actuarial team. What we mostly do, is determining the technical reserves at adequate levels meeting all local statutory and US GAAP requirements for the regions EMEA as well as APAC. In addition, we are supporting Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.


About you

What are the key requirements?

  • Qualified or close-to-be qualified Reserving Actuary with about 5 or more years of experience in P&C (re-)insurance
  • Excellent understanding of US GAAP and IFRS financial principles and reserving methods for P&C (re-)insurance business
  • Broad experience within the framework of regulatory reporting, including solvency calculations (Swiss Solvency Test, Solvency II)
  • Vast experience in using actuarial and statistical software
  • Strong interpersonal and communication skills and proactive attitude
  • Advanced written and verbal English language skills (additional, e.g. Spanish or Chinese, will be considered a plus)
  • Ability to prioritize, plan, and execute across multiple work efforts simultaneously
  • Integrative personality with the ability to efficiently work together with different personal styles and cultures


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. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.

 


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Reference Code: 91916