Actuarial Analyst (Contract)

About Risk Management

We live in turbulent and uncertain times, and Swiss Re’s vision of making the world more resilient through both our investment and our business activities is needed now more than ever. Risk Management is uniquely positioned to help make Swiss Re itself more resilient, enriching risk taking by using our accumulated risk knowledge, perspective, and experience. We help identify risks worth taking as well as steer away from risks that could destabilise the business. We deliver accurate valuations of the business to ensure appropriate reserves are available as well as providing in depth views on how business is performing. In other words, we help ensure the profitability of Swiss Re so that we’re around long-term to honour our promises.

About the Team

The L&H Valuation & Analysis team for Swiss Re Asia is responsible for delivering timely actuarial valuation, reporting and analysis activities for all L&H reinsurance business written in Asia. The team is part of the Global L&H Valuation & Analysis team, and eventually comes under the wider remit of L&H Risk Management.

About the Role

This role is a key contributor for actuarial reporting under local statutory bases including both IFRS 4 and IFRS 17 for Swiss Re Retakaful (SRR).

Your main responsibilities will include:

• Support the production/review of the balance sheet and earnings under IFRS 4 &17.
• Perform cashflow validations, variance analysis and impact assessment to ensure reported numbers are of high quality
• Communicate the issues/challenges with senior actuaries or stakeholders on time.
• Collaborate closely with team members or cross functional teams in other locations to provide actuarial feedback loop or actuarial management support.
• Support quarterly reserving and reporting processes including regulatory reporting to Bank Negara Malaysia
• Assist in actuarial models onboarding, assumption change and data review to ensure they remain appropriate.
• Support ad hoc requests from the team when necessary.

About You

• Around 3 - 5 years of L&H (re)insurance experience in either valuation or pricing functions.
• Actuarial students of FIA, FIAA, FFA, FSA or another internationally recognized actuarial qualification.
• Good understanding of at least one of USGAAP, MCEV and IFRS and local reserving standards in Malaysia or Singapore.
• Good knowledge and proficiency of actuarial modelling systems; Moses/AXIS experience is desirable, but not essential.
• Proficient in MS Excel.
• Excellent interpersonal, communication and organisational skill.
• Able to navigate in ambiguity and work autonomously.
• Able to hold yourself accountable and have a solution-oriented mindset.
• Fluent spoken and written English.
• Knowledge in (Re)takaful Family business including pricing and valuation would be considered an advantage

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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.