Corporate Actuarial Manager

About the Role

This role is a one-year contractor position. It can be based in Seoul or Hong Kong (working visa can be sponsored). Part-time candidates can also be considered, with full-time availability required during quarter-end.

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

• Quarterly reserving and reporting processes mainly for Korea business:
  • 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 and Korea Statutory.
  • Monitor, project, and communicate performance of Korea and assigned L&H business portfolios.
• Modelling Support mainly for Korea business:
  • Assist in setting up and refining data, model points, and assumptions for onboarding of business to RAFM models.
  • Ensure that the business is onboarded appropriately from RAFM to Swiss Re L&H reporting systems, including validating impacts on IFRS and various Statutory basis.
• Engagement with internal teams and external clients:
  • Act as the liaison point on Korea L&H business for 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 & Financial Controlling.

About the Team

Reporting to the Head of 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.

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

About You

• Strong knowledge and working experience in L&H business, plus the ability to communicate business needs with internal stakeholders and external regulators.
• Minimum 7 years of L&H valuation or pricing experience in reinsurance, primary insurance, or insurance consultancy.
• Ability to balance rigorous technical requirements and business mindset to be solutions-oriented, with strong technical knowledge and the ability to analyze large amounts of data.
• Good understanding of IFRS 17; Korea statutory knowledge would be considered an advantage.
• Proficient in Korean and conversational in English.
• Good knowledge and proficiency of actuarial modelling systems.

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.

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.

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.