Corporate Actuarial Analyst (1 Year Contract)

About the Role

Contract Duration: Up to 2 years, with the initial contract for one year and the possibility of renewal for another year.

We are seeking a dedicated professional to join our valuation team. This contract role offers the flexibility to be based in either Seoul or Hong Kong.

The key activities of the valuation team that you will be primarily responsible for include:

• Quarterly reserving and reporting processes (mainly for Korea business):
• Ensure the reporting process for Life & Health (L&H) business is adequately reflective of the changing business needs.
• Ensure in-force data quality and proper determination of policy liabilities for Group IFRS 17, Singapore Statutory, and Swiss Statutory.
• Monitor, project and communicate performance of Korea and assigned L&H business portfolios.
• Engage with other internal teams and with external clients, auditors and regulators:
• Support actuarial feedback loop from valuation to pricing.
• Assist with audit requests.
• Support the appointed actuary and third-party actuarial review to fulfill the regulatory requirement.

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

This position is initially offered as a one-year contract, with the likelihood of renewal for an additional year based on performance and business needs, which is not guaranteed.

About the Team

Reporting to Head L&H Valuation HK, TW & Korea, you will be primarily responsible for the activities of the valuation in the Korea market. The valuation team is part of the Risk Management L&H Re in Swiss Re, responsible for managing the actuarial valuation, reporting, and analysis for all reinsurance business written in Asia.

The valuation team in Asia supports Swiss Re's L&H business in Asia excluding Australia/New Zealand/China by providing financial information and advice on past and expected future profitability and experience.

This team works closely with other departments in Asia's L&H Community, including Pricing, Portfolio Management, and Client Markets teams. Furthermore, the team has interdependent relationships with other units within the Risk Management L&H Re.

The successful candidate will need to proactively liaise with cross-functional teams and is required to foster a strong team culture to drive delivery of the overall in-force management mandate.

About You

• 0-4 years of experience in L&H valuation within reinsurance, primary insurance, or insurance consultancy. Fresh graduates are also welcome to apply.
• Practical working experience in IFRS 17.
• Proficient in Korean and fluent in English.
• Good communication skills and comfortable working with remote colleagues across locations.
• Good progress in actuarial exams.

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. We cover both Property & Casualty and Life & Health.

Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace 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 and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.