Reporting Actuary

About the Role:

This is a phenomenal chance to join the L&H UK Valuation and Analysis Team for the reporting of the Life portfolio within the UK management unit. This role sits within the Valuation and Analysis function in Group Risk Management. Working together across a broad group of functional areas, we are dedicated to running our in-force book, building strong relationships with clients, and looking for opportunities to generate value.

You will be accountable for ensuring the appropriate reporting of the UK Life portfolio on multiple valuation bases. It will be important for you to establish positive connections with other departments such as Finance, Business Units, and Client Markets, as well as various global functions.

Main tasks/activities/responsibilities:

• Own the calculation of reserves under different reporting regimes: IFRS & Statutory and provide comfort to the Head and Team Lead on accuracy of reserves, drivers of movements, and soft spots.
• Implement improved valuation of material treaties in the portfolio, including using seriatim data or profiles.
• Manage and assign tasks to individual segment owners.
• Look after a wide range of projects that are outside the regular business as usual reporting cycle, from small ad hoc tasks to large, long-running change programs.
• Coordinate with teams outside the valuation team to proactively manage Data Flow, NB volumes, CoB, and Close process to keep things on time and accurate.
• Coordinate with costing team and Portfolio Management Team to track business performance and assist in Smart Circles.
• Produce and post adjustments on cashflows or BS where needed.
• Carry out assumption reviews for the portfolio or loss ratio studies and the governance process needed for approval.
• Apply technical knowledge and process skills to solve problems and develop solutions.
• Question existing processes and proactively look for improvements.
• Interact with independent valuation result reviewers, Auditors, and other stakeholders where required.
• Maintain high-quality documentation of the assumptions, model output, and quarterly results.
• Provide support to more junior members of the team.

About the Team:

The team is accountable for ensuring the appropriate reporting of UK business on multiple valuation bases which includes IFRS17, UKGAAP, Luxemburg reporting basis, and others. We are responsible for setting best estimate assumptions and monitoring their appropriateness.

About You:

• Qualified/near qualified Actuary with 5+ years of experience.
• Highly motivated professional with good progress towards actuarial fellowship exams.
• Exercise business judgement and deliver sustainable performance.
• Think strategically and inspire and engage.
• Collaborate and show team spirit, stand for integrity.
• Self-motivated, able to think innovatively, continuously looking for improvement and willing to take risks.
• Demonstrated ability to manage multi-task.
• Coach and motivate the team to ensure they fulfill their potential and provide effective support.
• Define the skill set of local and extended positions, identify gaps, and provide sufficient training to the team.
• Build strong team spirit among local and extended teams, work as One.
• Provide informal feedback on an ongoing basis and formal feedback in the annual performance evaluation process to identify and develop talent.
• Ensure all employees receive appropriate training and education, including ongoing compliance training.

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.