Seoul

Intern

Part Qualified

Associate

Qualified

Senior Actuary

Life

Health

Pensions

Property & Casualty

Products

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Modelling

Experience Analysis

Prophet

Coding

Pricing

MoSes

Valuation

Longevity

Consulting

Excel

Contract

RAFM

AXIS

Oracle

About the RoleThe position requires playing a vital role in identifying and building new product development opportunities in the Korean market, which is sustainable and profitable for both clients and the company.In addition, the position entails offering actuarial support to the Korean Market's Life & Health ("L&H") team, producing accurate and professional actuarial work in line with Swiss Re corporate governance, best practice guidelines, and guiding principles.Detailed Job Functions<ul><li>Create new product ideas, materialize them by leading/supporting XFT work, and pitch the new products to the client.</li><li>Provide product development and pricing support, such as deriving risk rates, conducting reinsurance quotes, and developing terms of trade.</li><li>Research opportunities to expand the sales of current products and develop new lines, plus communication of such through seminars and client presentations.</li><li>Ensure actuarial best practice guidelines are followed and appropriate control cycles used.</li><li>Collation of information necessary for quotations and explanation of quotations (terms, etc.) to clients.</li><li>Establish and maintain a network of Swiss Re actuarial contacts to ensure that global best practice is followed and Swiss Re corporate governance and guiding principles adhered to.</li></ul>About the TeamAs part of the L&H Korea Team, the successful candidate will be both an individual and team contributor. The L&H pricing team of Korea currently consists of 5 professionals.The team works closely with client managers, underwriting, and claims teams to support business development. As part of Swiss Re's Own the Way You Work policy, you are empowered to manage your own work patterns.The team engages in a vibrant cross-functional team environment within the broader Swiss Re, offering abundant opportunities to expand your expertise and role.About You<ul><li>10+ years of experience in product development.</li><li>Possession of an actuarial qualification (UK FIA/FFA, US FSA, Korea IAK, or equivalent) is preferred.</li><li>Good interpersonal skills and a professional approach consistent with Swiss Re guiding principles.</li><li>Self-starter and ability to work well as part of a small team.</li></ul>About Swiss ReSwiss 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.Keywords:Reference Code: 132551

Head of A&amp;H Product Development, South KoreaAt AIG, we are reimagining the way we help customers manage risk. Join us as a Head of A&amp;H Product Development to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.AIG’s Long Term Product Development team is at the forefront of AIG Korea’s Personal Insurance business, focusing on new coverages and products, pricing strategy, and management of existing products. Frequent interactions and collaboration with major functions such as distribution, PI strategy, marketing, customer service, claims, and Portfolio Management are essential for this team.How you will create an impact<ul><li>Responsible for developing and implementing profitability and growth strategies of products in support of financial goals.</li><li>Monitor emerging risks and trends. Develop product pricing strategies to address risks. Introduce new and enhanced coverages as appropriate by working with various third parties like reinsurers and service providers.</li><li>Responsible for implementing new products and ensuring A&amp;H remains competitive on risks that meet pricing and underwriting standards.</li><li>Drive growth and profitability while working with various stakeholders to develop and implement market-specific strategies aimed at supporting the entire portfolio.</li><li>Develop and maintain relationships with internal underwriting, distribution, IT, and operations teams to provide excellent customer focus that meets client needs.</li><li>Provide leadership and guidance to the Product Development team, fostering skill development.</li><li>Build a culture of collaboration and performance to achieve team and company goals.</li><li>Ensure that appropriate guardrails are in place for the business, including adherence to Legal, Compliance, Risk, and Audit’s governance framework.</li><li>Drive consistent sales planning excellence across A&amp;H products by assisting in establishing and ensuring adherence to risk appetite, underwriting standards, and guidelines.</li><li>Develop and ensure SI (sum Insured) and pricing adequacy for the products. Make adjustments when necessary to ensure profitability through regular revision processes.</li></ul>What you’ll need to succeed<ul><li>Sufficient work experience with accidental and health product development or pricing of Life or Non-Life insurance.</li><li>Strong ability in delivering new product ideas within accidental and health product lines.</li><li>Deep knowledge of actuarial science; qualified actuary is a plus.</li><li>Ability to work with various distribution channels.</li><li>Early adopter and visionary with an innovative and disruptive mindset, demonstrating the ability to adapt product, marketing, and acquisition tactics in response to market and industry insights.</li><li>Strong business acumen with a proven track record of making sound judgments backed by strong analytical skills.</li><li>Proven ability to lead, motivate, and gain commitment and trust from direct reports and colleagues.</li></ul>Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions. It is an exciting time to join us — we are thinking in new and innovative ways to deliver ever-better solutions to our customers.Welcome to a culture of belongingWe’re committed to creating a culture that respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through our flexible work arrangements and diversity and inclusion learning.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

Job DescriptionAs a key member of the Korea L&amp;H Valuation team within the APAC Actuarial function, your role will focus on the production of IFRS and SII results. The role will cover SCOR’s business written in Korea and Japan.This will include preparing the quarterly reserves, uploading these into SCOR's systems, understanding and analysing the results and movements, reviewing the work of other team members, and producing reports.You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders and participating in strategic projects.This role is based in Korea.About the Department: APAC ActuarialThe APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing, and Seoul, covering both Life &amp; Health and Property &amp; Casualty business. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders.ResponsibilitiesKey duties and responsibilitiesValuation &amp; Closing Process<ul><li>Review and production support of the IFRS 4, IFRS 17 and Solvency II for the North Asia market</li><li>Liaise with local Technical Accounting team to produce IFRS result</li><li>Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics</li><li>Liaise with IT to streamline and automate valuation process</li><li>Assist in drafting actuarial valuation reports for IFRS and Solvency II for North Asia market</li><li>Perform the annual/half yearly Analysis of Change process on SII and IFRS17 results</li><li>Prepare the quarterly settlement statements for Covea retrocession and assist in creating a longer-term solution to automate this process</li><li>Standardise and continuously improve reserving processes, analysis and controls</li><li>Check &amp; review others' work as part of the ‘do, check, review’ process</li></ul>Modelling<ul><li>Assist with quarterly Prophet User Acceptance Testing</li><li>Propose improvements on tools and methodology</li><li>Update the Best Estimate assumptions and other parameters in the Prophet model</li><li>Contribute to group/global projects</li><li>Assist the North Asia market’s contribution to the SCOR Group IFRS17 project</li></ul>QualificationsExperience:<ul><li>Nearly or newly qualified actuary (FSA, FIA, FIAA, or equivalent)</li><li>6 to 11 years relevant experience in an insurance/reinsurance business or equivalent capabilities</li><li>Experience of experience analysis and best estimate assumption setting</li><li>Experience of reserving/valuation – Best estimate liability valuation, and/or IFRS 17 and Solvency II experience preferred</li><li>Experience of producing and checking future cash flows using actuarial software preferably with Prophet</li><li>Experience of reviewing others' work and managing tasks independently</li></ul>Personal Competences:<ul><li>Native-level proficiency in Korean</li><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management</li><li>Strong technical skill set, including experiences in Prophet, SQL, Python, and Excel VBA</li><li>Excellent communication and interpersonal skills</li></ul>About usAs a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk.Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others.As an international company, our common culture is defined by “The SCOR Way,” anchored by five core values: we care about clients, people, and societies; we perform with integrity; we act with courage; we encourage open minds; and we thrive through collaboration.

About the RoleJob Summary<ul><li>Conduct pricing of reinsurance business to be written by the Korea office in accordance with the internal guidelines.</li><li>Develop new business pipelines, including generation of financial solutions, through close cooperation with valuation, accounting, risk management and other units.</li><li>Provide sound advice to support the sustainable growth of the business.</li></ul>Detailed Job Functions<ul><li>Analyze economical value as well as product features to execute each quotation.</li><li>Maintain best estimate assumptions for all major lines of business and apply regular experience study outcomes to update the basis of these terms.</li><li>Develop new business opportunities through delivery of new financial solutions.</li><li>Maintain strong relationship with clients including liaison on financial topics and delivery of presentations to share accounting knowledge.</li></ul>About the TeamAs part of L&amp;H Korea Team, the successful candidate will be both an individual and team contributor. The L&amp;H pricing team of Korea currently consists of 4 professionals. The team works closely with client managers, underwriting and claims team to support the business development.The team engages in a vibrant cross-functional team environment within the broader Swiss Re, offering abundant opportunities to expand your expertise and role.About YouInterpersonal and Business skills<ul><li>Qualified actuary or close to qualified actuary.</li><li>5-7 years’ experience in actuarial modelling, pricing or valuation in Korea.</li><li>Good knowledge about products and accounting analysis in the market.</li><li>Experience of using and applying actuarial pricing tools and data analysis tools.</li><li>Fundamental understanding about the insurance industry and the regulatory regime.</li></ul>Soft Skills<ul><li>Good interpersonal and influencing skills.</li><li>Good command of English language.</li><li>Well organized and able to manage projects effectively.</li><li>Good team player.</li><li>Independent.</li></ul>About Swiss ReSwiss 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.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.

About the Role:Reporting to Head Life & Health (L&H) Valuation HK, TW & Korea, you will be accountable for all valuation work in the Korea market and expected to step up to Appointed Actuary for Swiss Re Korea Branch subject to regulatory approval.Your main responsibilities include:<ul><li>Appointed Actuary duty as required by Korean regulator (FSC/FSS), ensure compliance with regulations.</li><li>Represent the Korea branch during interactions with regulators and relevant authorities.</li><li>Monitor regulatory changes affecting actuarial practices and communicate with regulator on Swiss Re's position.</li><li>Responsible for quarterly reserving and reporting deliverables for all basis that Swiss Re Korea reports (Group IFRS17, Singapore IFRS17, Korea IFRS17, Korea Solvency - KICS, Singapore Solvency, Swiss Statutory).</li><li>Review the balance sheet and earnings under IFRS17 and provide valuation insights to senior management/market unit.</li><li>Provide strategic guidance and support on actuarial issues related to statutory and financial reporting.</li><li>Go to person between external auditors and internal stakeholders to ensure smooth audit process.</li><li>Communicate issues/challenges with senior actuaries or stakeholders on time.</li><li>Collaborate closely with local finance to explain and deliver statutory filings.</li><li>Lead and mentor a team of actuaries based in both Seoul and Bangalore. Be a role model to guide and develop team and junior talents, by setting the right culture and best practice.</li><li>Streamline and continuously improve upon existing processes.</li></ul>(Management retains the discretion to add or change the duties of the position at any time.)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 You:<ul><li>A minimum of 10 years of actuarial work experience, with at least 7 years in the L&H sector (preferably valuation), and 3 years in the Property & Casualty (P&C) or Reinsurance sector.</li><li>Must be a Qualified Korea Actuary. Other fellowship from internationally recognized actuarial body would be considered as an advantage but is not a must.</li><li>Hands-on and technically skilled. Be able to and willing to independently handle groundwork (e.g. spreadsheet, deck, document) without junior support.</li><li>Good understanding of IFRS 17 and Korea statutory basis (K-ICS).</li><li>Excellent interpersonal, communication, influencing and people management skills.</li><li>Proficient in both Korean and English.</li><li>Must fulfill the criteria specified under Article 184-2 (Eligibility Requirements for Appointed Actuaries) of the Insurance Business Act.</li></ul>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. 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.

About the RoleThis is a one-year contractual position, based either in Seoul or Hong Kong (visa sponsorship can be offered). We are open to considering part-time candidates; however, full-time commitment is required during quarter-end periods.The key activities of the valuation team that you will be primarily responsible for include:<ul><li>Quarterly reserving and reporting processes mainly for Korea business:<ul><li>Ensuring the reporting process for L&H business is adequately reflective of the changing business needs.</li><li>Ensuring in-force data quality and proper determination of policy liabilities for IFRS and Korea Statutory.</li><li>Monitor, project and communicate performance of Korea and assigned L&H business portfolios.</li></ul></li><li>Modelling Support mainly for Korea business:<ul><li>Assist in setting up and refining data, model points and assumptions for onboarding of business to RAFM models.</li><li>Ensuring that the business is onboarded appropriately from RAFM to Swiss Re L&H reporting systems including validating impacts on IFRS and various Statutory basis.</li></ul></li><li>Engage with other internal teams and with external clients and regulators:<ul><li>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.</li><li>Assist other teams, e.g. Portfolio Management, Technical Accounting & Financial Controlling.</li></ul></li></ul>About the TeamReporting to Head L&H Valuation HK, TW & Korea, you will be primarily responsible for the activities of the valuation in the Korean market. The valuation team is part of the Risk Management L&H Re at 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, and 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<ul><li>Strong knowledge and working experience in L&H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role.</li><li>A minimum of 7 years of experience in L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy.</li><li>Ability to balance rigorous technical requirements and business mindset to be solutions-oriented; strong technical knowledge and the ability to analyze large amounts of data.</li><li>Good understanding of IFRS 17. Korea statutory knowledge would be considered an advantage.</li><li>Proficient in Korean and conversational in English.</li><li>Good knowledge and proficiency of actuarial modelling systems.</li></ul>

About the Role<ul><li>Prepare and analyse regulatory returns.</li><li>Responsible for statutory audits.</li><li>Interact and review tasks performed by offshore support hubs.</li><li>Compile and analyse financial information for periodic management reporting.</li><li>Business partnering by understanding business strategies, engaging with relevant stakeholders and provide reliable and accurate quantitative and qualitative information.</li><li>Understand and implement relevant regulatory changes and updates.</li><li>Support SAP enhancement efforts.</li><li>Collaborate with various stakeholders for other financial related operational/compliance matters.</li><li>Specifically focus on IFRS17 Closing and/or K-ICS related tasks depending on expertise.</li></ul>About the TeamThe Finance Team is responsible for all financial matters in the Korea Branch. It is mainly responsible for the closing process and financial reporting of the Branch, covering K-IFRS17 and K-ICS. This team works closely with other departments in both Korea Branch and other functions in Asia, including Actuarial, Technical Accounting, Risk Management, Tax, and Treasury.About You<ul><li>Fully qualified certified accountant or actuary by recognized local or international bodies.</li><li>At least 5 years of relevant Finance experience from an insurance background.</li><li>Strong analytical and critical reasoning skills with an ability to effectively communicate analysis.</li><li>Strong understanding of insurance accounting and insurance business such as key performance ratios and business drivers.</li><li>Strong understanding of local insurance regulatory environment.</li><li>Specialized experience in either IFRS17 (for accountants) or K-ICS (for actuaries).</li><li>Experience with General Ledger SAP system is an added advantage.</li><li>Good presentation skills, with proficient MS skills (Excel, Power Point).</li><li>Proficient in English, written and spoken (preferred, but not required).</li><li>Ethical and attention to detail.</li><li>Ability to work well in a team, both local and cross-border.</li></ul>Additional InformationWe welcome applications from individuals affiliated with accounting/consulting firms who are available for a temporary project-based engagement.About Swiss ReSwiss 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.

Responsibilities<ul><li>Monitor the experience for IFRS17 perspectives.</li><li>Monitor the claims variances and long-term lapse & loss ratio assumptions from IFRS17 perspectives</li><li>Analyze the variance between pricing assumptions and actuals</li><li>Evaluate the triggers for full repricing or simplified approach</li><li>Repricing new from exiting business triggered by simplified approach</li><li>Sum Assured, Product revision, Risk rate revision, UW, Reinsurance conditions etc.</li><li>Manages the Repricing exercise according to the materiality</li><li>Report the Deep-Dive Experience Analysis based on Seriatim data</li><li>Monitor the experience based on official and interim SOA for timely detection</li></ul>Assumption management<ul><li>Annual BEs update for enhancement for Valuation and Pricing</li><li>Review and update the lapse & loss ratio assumptions and IBNR</li><li>Proactive review to minimize the experience variances</li><li>Prepare the report of BE updates (overall portfolio, LoB, expert judgement)</li><li>Prepare the test of Type 2 conversion for IFRS17 in Korea from assumptions view(, if any)</li></ul>Financial result analysis<ul><li>Support to explain the experience variance from business perspectives</li></ul>Qualifications<ul><li>Minimum 5 years of data analysis in Insurance industry experience.</li></ul>Personal Competences:Essential :<ul><li>Excellent skills in one or more database management system (e.g., MS-SQL, Oracle, SAS)</li></ul>Desirable :<ul><li>Excellent verbal and written communication skills in English and Korean.</li><li>Solid analytical skills with strong problem-solving ability.</li><li>Must be able to work effectively independently and as part of a team.</li></ul>About usAs a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

THE BUSINESSWTW Retirement consultants have deep experience working with organizations of all types and sizes. We’ve worked closely with clients to develop some of the most advanced benefit design techniques currently in use. We combine expertise in retirement and investment consulting to support organizations worldwide in designing, managing, administering and communicating all types of retirement plans.THE ROLEAs a Retirement Intern, you will have immediate exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. These experiences will help build your technical knowledge and overall industry expertise.As an intern position, you will be mainly exposed to:<ul><li>Learn about a retirement pension market</li><li>How to validate client data using excel</li><li>Conduct a pension valuation and generate a valuation report</li><li>Communicate with colleagues as well as clients</li></ul>Performance Objectives:[Excellence]<ul><li>Develop technical knowledge and skills in the Retirement area in Korea</li><li>Deliver on projects to meet or exceed client expectations</li></ul>[People]<ul><li>Build relationships internally and collaborate effectively on cross-functional teams</li><li>Help support the training and growth of the Retirement analysts</li></ul>[Clients]<ul><li>Partner with consultants to provide support on client projects involving the design, funding, accounting, implementation and management of a full array of benefit programs</li><li>Participate in projects that help our clients assess and manage their benefit program risks</li><li>Perform actuarial valuations in accordance with relevant accounting standards, including data analysis, assumption setting, modelling and producing the client report</li></ul>[Financial]<ul><li>Efficient time management</li><li>Assist with sales and marketing efforts by helping to draft proposals</li></ul>*Position : Actuarial Intern (full-time : 9am – 6pm)*Contract Period : September or October, 2024 to January 2025 (4~5 months)THE REQUIREMENTS<ul><li>Bachelor’s or Master degree in Statistics, Mathematics and Actuarial Science.</li><li>Proficiency with English and Korean</li><li>Proficiency with Microsoft applications, particularly Excel</li><li>Strong analytical skills and attention to detail</li><li>Ability to work effectively in a team-based environment dealing with multiple projects and clients</li><li>Strong communication skills</li><li>Preferred who is in the process of SOA exam or Korea Actuary exam</li></ul>

About the Role:The key activities of the valuation team that you will be primarily responsible include:<ul><li>Quarterly reserving and reporting processes mainly for Korea business:
 - Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs
 - Ensuring in-force data quality and proper determination of policy liabilities for IFRS, Korea Statutory, Singapore Statutory, and Swiss Statutory
 - Monitor, project and communicate performance of Korea and assigned L&amp;H business portfolios</li><li>Modelling Support mainly for Korea business:
 - To assist in setting up and refining data, model points and assumptions for onboarding of business to RAFM models
 - Ensuring that the business is onboarded appropriately from RAFM to Swiss Re L&amp;H reporting systems including validating impacts on IFRS and various Statutory basis.</li><li>Engage with other internal teams and with external clients and regulators to ensure effective management of L&amp;H in-force portfolios:
 - Act as the liaison point on Korea L&amp;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&amp; Financial Controlling</li></ul>About the Team:Reporting to Head L&amp;H Valuation HK, TW &amp; Korea, you will be primarily responsible for the activities of the valuation in Korea market. The valuation team is part of the Risk Management L&amp;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&amp;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&amp;H Community, including Pricing, Portfolio Management, and Client Markets teams. Furthermore, the team has interdependent relationships with other units within the Risk Management L&amp;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:<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role.</li><li>0~5 years L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy.</li><li>Good progress in Actuarial Professional examinations.</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented, Strong technical knowledge and the ability to analysis large amounts of data.</li><li>Good understanding of IFRS 17. Local statutory knowledge would be considered as an advantage.</li><li>Proficient in Korean and coversational in English</li><li>Good knowledge and proficiency of actuarial modelling systems; RAFM experience is desirable, but not essential.</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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.

Responsibilities<ul><li>Inforce Management</li><li>Repricing new from exiting business triggered by simplified approach</li><li>Support the Deep-Dive report to populate working files technically</li><li>Monitor the experience based on official and interim SOA for timely detection</li></ul>Assumption management<ul><li>Annual BEs update for enhancement for Valuation and Pricing</li><li>Update the lapse & loss ratio assumptions or IBNR</li></ul>Qualifications<ul><li>Experience:</li><li>Minimum 3 years of data analysis in Insurance industry experience.</li></ul>Personal Competences:<ul><li>Excellent skills in one or more database management system (e.g., MS-SQL, Oracle, SAS)</li><li>Excellent verbal and written communication skills in English and Korean.</li><li>Solid analytical skills with strong problem-solving ability.</li><li>Must be able to work effectively independently and as part of a team.</li></ul>About usAs a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

Job SummaryThe Inforce Management function is responsible for actuarial support, tracking, analyzing, and reporting on existing products and inforce policies. The role involves various analyses related to financial plans, product design, regulatory requirements, and assumption development.ResponsibilitiesKey duties and responsibilitiesInforce Management<ul><li>Analyze the Profitability under IFRS4 based on client SOA and BDX data to compare profit and risk portfolios during business inception.</li><li>Repricing for In-force business reflecting the latest attributes and improved valuation model.</li><li>Monitor portfolio changes by deep-dive level based on Seriatim or non-seriatim data.</li></ul>Assumption management<ul><li>Fulfill actuarial assumption assignments for North Asia impacting IFRS17 (Local, Group), SII, IFRS4 reporting requirements.</li><li>Derive calibrated actuarial assumptions considering Type 2 conversion for IFRS17 in Korea from Local IFRS17 view.</li><li>Annual BEs update for Valuation and Premium estimation enhancement for Valuation.</li><li>Continuous enhancement of accuracy, reliability, and computational efficiency of the Actuarial assumption model based on IFRS17 and related tools.</li></ul>Assumption update Impact analysis<ul><li>Assess the liabilities (BEL) under actuarial assumptions and cash flows.</li><li>Analyze the Financial Impact based on deep understanding of existing IFRS17 (Local, Group) modeling and methodology.</li><li>Design and implement estimation and projection techniques and required data for IFRS 17 OP planning.</li><li>Develop communications to help stakeholders understand reported results and business performance.</li></ul>QualificationsExperience:<ul><li>Minimum 5 years of data analysis in the Insurance industry.</li></ul>Personal Competences:Essential :<ul><li>Excellent skills in one or more database management systems (e.g., MS-SQL, Oracle, SAS).</li></ul>Desirable :<ul><li>Excellent verbal and written communication skills in English and Korean.</li><li>Solid analytical skills with strong problem-solving ability.</li><li>Must be able to work effectively independently and as part of a team.</li></ul>Required Education<ul><li>Bachelor’s Degree in Mathematics, Statistics, Finance, or Accounting or equivalent combination of education and experience.</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools, and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

About the Role<ul><li>Portfolio Management: Actively participate and support the team's responsibilities to provide high-quality deliverables, engage and closely collaborate with Market Units, other internal partners, and external clients to perform effective management of the inforce portfolios.</li><li>Smart Circles: Actively support the establishment and facilitation of Smart Circles, by providing portfolio insights and proactively steer management actions in delivering sustainable profit.</li></ul>Responsibilities include:<ul><li>Identify and monitor key portfolio risks, rate review triggers, and financial KPIs to ensure timely action is taken when necessary.</li><li>Identifying early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the inforce and ensure its sustainability.</li><li>Facilitate the feedback loop process, ensure alignment and effective information flow between relevant cross-functional teams.</li></ul>Driving initiatives on the inforce portfolio to maximize value and manage risk. This includes:<ul><li>Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance.</li><li>Reprice reviewable rate treaties and/or provide technical peer reviews.</li><li>Complete quantitative experience analysis and valuation for recaptures or non-contractual change on the inforce.</li><li>Driving initiatives on the inforce to deliver on key financial KPIs and inforce solutions.</li></ul>Experience Monitoring:<ul><li>Manage the production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other.</li><li>Act as a key input provider for business steering and in-force management via monitoring experience and communicating lessons learned and reserving implications to key stakeholders.</li><li>Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary.</li></ul>Inforce Referrals and Transactions:<ul><li>Support the team leader in providing referral review and approval on client treaty recapture and re-pricing activities requiring PSM/CUO sign-off based on defined referral governance authority.</li><li>Support for transactions both pre-deal as key business bound representatives, and post-deal onboarding implementation.</li><li>Ensure new business is onboarded appropriately considering its risk profiles and materiality. This includes developing operating manuals for large complex deals that define clear roles and responsibilities in the ongoing management and reporting of new business.</li></ul>Support Group wide and regional projects as required, including other priorities of the L&amp;H PSM team.About the TeamThe Portfolio Management (PM) team forms part of Life &amp; Health (L&amp;H) Portfolio Steering &amp; Monitoring (PSM) within the Chief Underwriting Office (CUO). The PSM purpose is to generate insights and connect our business to proactively steer L&amp;H in delivering sustainable profit. Portfolio Management APAC covers seven markets - Australia &amp; New Zealand, China, Hong Kong &amp; Taiwan, Japan, Korea, South East Asia, and India (JKSI).As part of APAC PM team, this role reports to the Head L&amp;H Portfolio Management JKSI and working closely with other team members. Whilst this role will focus on Korea market, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to Asia and Global Directors. In addition, the team works closely with other departments in L&amp;H Community, including Pricing, Client Markets, Claims, Valuation, and Finance.About You<ul><li>Nearly qualified or qualified actuary with a recognized Actuarial professional body.</li><li>Minimum 5 years of L&amp;H valuation or pricing experience in reinsurance or primary insurance.</li><li>Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis).</li><li>Working knowledge of IFRS 17 financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV).</li><li>Strong analytical skills, good understanding of financial reporting systems, actuarial models, and data management.</li><li>Experience in regular experience monitoring and highlight/investigate variance in experience and its root causes.</li><li>Solid knowledge of the Korea insurance market and products. Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus.</li><li>Excellent interpersonal, communication, and organizational skills.</li><li>Ability to liaise with various stakeholders on different in-force management initiatives.</li><li>Ability to navigate in ambiguity and to work autonomously.</li><li>Good English writing ability and able to converse in English.</li><li>Proficient in both spoken and written Korean.</li><li>Functional title will be determined based on the experience of the selected candidate.</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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.

Job SummaryAs a key member of the Korea L&amp;H Valuation team, which sits within the APAC Actuarial function, your role will be focused on the production of IFRS and SII results. The role will cover SCOR’s business written in Korea and Japan. This will include preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), understanding and analyzing the results and movements, reviewing the work of other team members, and producing reports.It will also include preparation of settlement statements for an external retrocession, and User Acceptance Testing of actuarial model changes. You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in strategic projects.About the Department: APAC ActuarialThe APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing, and Seoul, and covers both Life &amp; Health and Property &amp; Casualty business. This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Chief Reserving Actuary for Asia Pacific.ResponsibilitiesKey duties and responsibilitiesValuation &amp; Closing Process<ul><li>Review and production support of the IFRS 4, IFRS 17, Solvency II, and K-ICS results for the North Asia market</li><li>Produce the actuarial input for the annual Operating Plan</li><li>Liaise with local Technical Accounting team to produce IFRS result</li><li>Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics</li><li>Liaise with IT to streamline and automate valuation process</li><li>Assist in drafting actuarial valuation reports for IFRS and Solvency II for North Asia market</li><li>Perform the annual/half-yearly Analysis of Change process on SII and IFRS 17 results</li><li>Prepare the quarterly settlement statements for Covea retrocession, and assist in creating a longer-term solution to automate this process</li><li>Standardize and continuously improve reserving processes, analysis, and controls.</li><li>Check &amp; review others work as part of the ‘do, check, review’ process</li></ul>Modelling<ul><li>Assist with quarterly Prophet User Acceptance Testing</li><li>Propose improvements on tools and methodology</li><li>Update the Best Estimate assumptions and other parameters in the Prophet model</li><li>Contribute to group/global projects</li><li>Assist the North Asia market’s contribution to the SCOR Group IFRS 17 project, including:</li></ul><ul><li>Testing and dry run activities in 2023</li><li>Prophet model process enhancements</li><li>Communicating with global stakeholders to keep up with progress developments</li></ul>Qualifications<ul><li>Nearly or newly qualified actuary (FIAK, FSA, FIA, FIAA, or equivalent)</li><li>3 to 8 years relevant experience in an insurance/reinsurance business or equivalent capabilities</li><li>Experience of experience analysis and best estimate assumption setting</li><li>Experience of reserving/valuation – Best estimate liability valuation, and/or IFRS 17, K-ICS, Solvency II experience preferred</li><li>Experience of reviewing others work and managing tasks independently</li></ul>Personal Competences:<ul><li>Fluent Korean speaker with good spoken &amp; written English</li><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management</li><li>Strong technical skill set, including experiences in Prophet, SQL, Python, and Excel VBA</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when working with others</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools, and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

As a key member of the Korea L&amp;H Valuation team, which sits within the APAC Actuarial function, your role will be focused on the production and of IFRS and SII results. The role will cover SCOR’s business written in Korea and Japan.This will include preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), understanding and analysing the results and movements, reviewing the work of other team members, and producing reports. It will also include preparation of settlement statements for an external retrocession, and User Acceptance Testing of actuarial model changes.You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in strategic projects.The APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing and Seoul, and covers both Life &amp; Health and Property &amp; Casualty business. This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Chief Reserving Actuary for Asia Pacific.Responsibilities<ul><li>Review and production support of the IFRS 4, IFRS 17,Solvency II and K-ICS results for the North Asia market</li><li>Produce the actuarial input for the annual Operating Plan</li><li>Liaise with local Technical Accounting team to produce IFRS result</li><li>Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics</li><li>Liaise with IT to streamline and automate valuation process</li><li>Assist in drafting actuarial valuation reports for IFRS and solvencyII for North Asia market</li><li>Perform the annual/half yearly Analysis of Change process on SII and IFRS17 results</li><li>Prepare the quarterly settlement statements for Covea retrocession, and assist in creating a longer-term solution to automate this process</li><li>Standardise and continuously improve reserving processes, analysis and controls.</li><li>Check &amp; review others work as part of the ‘do, check, review’ process</li></ul>Modelling<ul><li>Assist with quarterly Prophet User Acceptance Testing</li><li>Update the Best Estimate assumptions and other parameters in the Prophet model</li><li>Contribute to group/global projects</li><li>Propose improvements on tools and methodology</li><li>Assist the North Asia market’s contribution to the SCOR Group IFRS17 project, including:</li></ul><ol><li>Testing and dry run activities in 2023</li><li>Prophet model process enhancements</li><li>Communicating with global stakeholders to keep up with progress developments</li></ol>Qualifications<ul><li>Nearly or newly qualified actuary (FIAK, FSA, FIA,FIAA, or equivalent)</li><li>7 to 12 years relevantexperienceina insurance/reinsurancebusiness or equivalent capabilities</li><li>Experience of reserving/valuation – Best estimate liability valuation, and/or IFRS 17, K-ICS, Solvency II experience preferred</li><li>Experience of experience analysis and best estimate assumption setting</li><li>Experience of reviewing others work and managing tasks independently</li></ul>Personal Competences:<ul><li>Fluent Korean speaker with a good spoken &amp; written English</li><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management</li><li>Strong technical skill set, including experiences in Prophet, SQL, Python and Excel VBA</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when working with other</li></ul>SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Position summary:Swiss Re is seeking an actuarial analyst with strong coding experience, or an experienced coding expert with P&amp;C insurance experience to join its regional actuarial team in Singapore, Hong Kong or Seoul, reporting to the Corporate Actuary, Swiss Re Asia.The position will be responsible for:<ul><li>Preparing statutory reporting filings for one or more of the branches of Swiss Re in Asia.</li><li>Assist in the evaluation and preparation of Group reserves and reporting for Swiss Re's Asia P&amp;C business.</li><li>Provide custom and/or automated coded solutions for the Asia team.</li></ul>This position is an Assistant Vice President role. Actual responsibilities will be weighted towards the successful candidate's skillset (actuarial / coding).Specific responsibilities include but are not limited to the following:<ul><li>Supports quarterly review of P&amp;C loss reserves for Swiss Re's Asia Operations</li><li>Provide support to the senior Actuarial &amp; Reserving leaders in the region as necessary</li><li>Support discussions with underwriting in relation to reserving feedback loops and other product analysis</li><li>Responsible for statutory matters relating to P&amp;C Reinsurance for one branch, completing internal and external reporting as required (e.g. Branch Management Committee, Liability Valuation Report, Appointed Actuary, ICAAP/ORSA).</li><li>Provide additional support to other branches' statutory reporting as required.</li><li>Support other areas of the company including Finance, Planning and the transition of accounting standards to IFRS17.</li><li>Work with regulators and internal/external auditors on routine and special matters</li><li>Work on other projects as assigned including participating in internal underwriting audits</li><li>Develop and maintain relationships with local actuarial and industry associations</li><li>Participate in industry related committees representing Swiss Re</li></ul>Position Requirements:<ul><li>5+ years' experience in a Property &amp; Casualty environment (insurance/reinsurance, commercial lines); reinsurance experience a significant advantage.</li><li>Newly or nearly qualified actuary OR experienced programmer in R.</li><li>University degree in actuarial science or related field (mathematics or finance) OR computing science related degree.</li><li>Actuarial valuation and reporting experience</li><li>Very good understanding of actuarial, accounting, information systems and investments.</li><li>Familiarity with IFRS17. Korea-specific experience would be an advantage but is not a requirement.</li><li>Knowledge of statutory, regulatory and insurance accounting environments. Experience specific to Korea would be a significant advantage but not a requirement (knowledge of other Asian environments would also be viewed favourably).</li><li>Excellent written and verbal English skills. Fluency in Korean would be a significant advantage but not a requirement (knowledge of another Asian language would also be viewed favourably).</li><li>Strong practical capabilities in Microsoft Office and other business software applications; extensive programming skills in data analytics applications (R, Python) would be a significant advantage.</li><li>Independent self-starter</li><li>Accomplished interpersonal and communication skills – demonstrates a clear and articulate standard of written and verbal communication in a complex environment</li><li>Proactive in seeking out and providing information</li><li>Actively looks to add value and take on additional responsibility</li><li>Ability to work under pressure and prioritize tasks accordingly</li></ul>About Swiss ReSwiss 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. 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.

About the RoleReporting to Regional Corporate Actuary, Life &amp; Health ("L&amp;H") Valuation &amp; Analysis Team, this position will be primarily responsible for the activities of the valuation in the Korea market. The primary responsibilities of this position includes, but are not limited to, the following:<ul><li>Quarterly reserving and reporting processes of Korea business:</li><ul><li>Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs</li><li>Ensuring in-force data quality and proper determination of policy liabilities for Singapore Statutory, Swiss Statutory and IFRS17</li><li>Monitor, project and communicate performance of Korea and assigned L&amp;H business portfolios</li></ul><li>Modelling Support for Korea business:</li><ul><li>To assist in setting up and refining data, model points and assumptions for onboarding of business to actuarial models</li><li>Ensuring that the business is onboarded appropriately from models to Swiss Re L&amp;H reporting systems including validating impacts on IFRS17, economic reporting and various Statutory bases</li><li>Supporting experience study and assumption review for Korea inforce portfolio monitoring</li></ul><li>Engage with internal teams, external clients, and regulators to ensure effective management of L&amp;H in-force portfolios:</li><ul><li>Act as the main liaison point on Korea L&amp;H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing</li><li>Assist other teams, e.g. Portfolio Management, Technical Accounting, Risk Management &amp; Financial Controlling</li></ul></ul>About the TeamThe Valuation &amp; Analysis Team is part of the L&amp;H Risk Management division in Swiss Re, responsible for managing the in-force business. The Valuation &amp; Analysis Team in Asia supports Swiss Re's L&amp;H business in Asia by providing financial information and advice on past/expected future profitability and experience.This team works closely with other departments in Asia's L&amp;H Community, including those in business origination functions (Client Markets and Pricing teams). Furthermore, the team has interdependent relationships with other units within the L&amp;H Risk Management division.The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate.About YouStrong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role.<ul><li>Around 2-4 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy</li><li>Good progress in actuarial exams (close to associate level is desirable)</li><li>Excellent interpersonal, communication, organisational skills</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data</li><li>A good understanding of statutory reserving. Knowledge in IFRS17 would be considered as an advantage</li><li>Good knowledge and proficiency of actuarial modelling systems; RAFM/MoSes experience is desirable, but not essential</li><li>Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage</li><li>Language proficiency: Proficient in Korean, and have a working knowledge of English with a readiness to further improve upon onboarding</li></ul>About Swiss ReSwiss 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. 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.

About the RoleThe key activities of the Actuarial Management team that you will be primarily responsible include:<ul><li>Engage with other relevant teams and with external clients and regulators to ensure effective management of Life &amp; Health (L&amp;H) in-force portfolios:</li><ul><li>Supporting the business growth including advisory during onboarding state of the new reinsurance treaties, based on our financial valuation insights</li><li>Actively keep track of Korea FSC latest requirements, especially actuarial requirements</li><li>Act as the main liaison point on Korea L&amp;H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing</li><li>Assist other teams such as Portfolio Management, Client Management, Pricing and Financial Controlling</li></ul><li>Quarterly reserving and reporting processes of Korea business:</li><ul><li>Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs</li><li>Ensuring in-force data quality and proper determination of policy liabilities for USGAAP, Swiss Statutory, economic reporting and IFRS17</li><li>Monitor, project and communicate performance of Korea and assigned L&amp;H business portfolios</li></ul><li>Modelling Support for Korea business:</li><ul><li>To assist in setting up and refining data, model points and assumptions for onboarding of business to actuarial models</li><li>Ensuring that the business is onboarded appropriately from models to Swiss Re L&amp;H reporting systems including validating impacts on USGAAP, economic reporting and various Statutory bases.</li></ul></ul>About the TeamL&amp;H Valuation forms part of the L&amp;H Chief Risk Officer unit. The teams are accountable for independent valuation of Swiss Re's L&amp;H business globally, with US GAAP reserves of more than USD20bn. This includes business written across the world and covers all the lines of business that fall into L&amp;H – mortality, CI, DI, longevity, as well as additional 'complex' products such as those with financial risk. As well as production of the numbers, the team is responsible for ensuring timely and accurate information is fed back to the market units to ensure proactive decisions are taken to steer the L&amp;H business in the best possible way.About You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>Around 6 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy; Qualified or working towards to Fellow of Institute of Actuaries Korea (FIAK);</li><li>Excellent interpersonal, communication, organisational and people management skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of USGAAP, MCEV, IFRS17 and Korea local reserving standards would be considered an advantage; Good knowledge and proficiency of actuarial modelling systems; Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage;</li><li>Position will be located in Korea;</li><li>Fluent spoken and written Korean/ English.</li><li>Candidates with less experience will be considered as (Senior) Actuarial Analyst</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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.

About the RoleThe key activities of the Actuarial Management team that you will be primarily responsible include:<ul><li>Engage with other relevant teams and with external clients and regulators to ensure effective management of Life &amp; Health (L&amp;H) in-force portfolios:</li><ul><li>Supporting the business growth including advisory during onboarding state of the new reinsurance treaties, based on our financial valuation insights</li><li>Actively keep track of Korea FSC latest requirements, especially actuarial requirements</li><li>Act as the main liaison point on Korea L&amp;H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing</li><li>Assist other teams such as Portfolio Management, Client Management, Pricing and Financial Controlling</li></ul><li>Quarterly reserving and reporting processes of Korea business:</li><ul><li>Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs</li><li>Ensuring in-force data quality and proper determination of policy liabilities for USGAAP, Swiss Statutory, economic reporting and IFRS17</li><li>Monitor, project and communicate performance of Korea and assigned L&amp;H business portfolios</li></ul><li>Modelling Support for Korea business:</li><ul><li>To assist in setting up and refining data, model points and assumptions for onboarding of business to actuarial models</li><li>Ensuring that the business is onboarded appropriately from models to Swiss Re L&amp;H reporting systems including validating impacts on USGAAP, economic reporting and various Statutory bases.</li></ul></ul>About the TeamL&amp;H Valuation forms part of the L&amp;H Chief Risk Officer unit. The teams are accountable for independent valuation of Swiss Re's L&amp;H business globally, with US GAAP reserves of more than USD20bn. This includes business written across the world and covers all the lines of business that fall into L&amp;H – mortality, CI, DI, longevity, as well as additional 'complex' products such as those with financial risk.As well as production of the numbers, the team is responsible for ensuring timely and accurate information is fed back to the market units to ensure proactive decisions are taken to steer the L&amp;H business in the best possible way.About You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>Around 6 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy; Qualified or working towards to Fellow of Institute of Actuaries Korea (FIAK);</li><li>Excellent interpersonal, communication, organisational and people management skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of USGAAP, MCEV, IFRS17 and Korea local reserving standards would be considered an advantage; Good knowledge and proficiency of actuarial modelling systems; Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage;</li><li>Fluent spoken and written Korean/ English.</li><li>Candidates with less experience will be considered as (Senior) Actuarial Analyst</li><li>This position will be located in Korea</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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.

About the RoleThe key activities of the Actuarial Management team that you will be primarily responsible include:<ul><li>Engage with other relevant teams and with external clients and regulators to ensure effective management of Life &amp; Health (L&amp;H) in-force portfolios:</li><ul><li>Supporting the business growth including advisory during onboarding state of the new reinsurance treaties, based on our financial valuation insights</li><li>Actively keep track of Korea FSC latest requirements, especially actuarial requirements</li><li>Act as the main liaison point on Korea L&amp;H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing</li><li>Assist other teams such as Portfolio Management, Client Management, Pricing and Financial Controlling</li></ul><li>Quarterly reserving and reporting processes of Korea business:</li><ul><li>Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs</li><li>Ensuring in-force data quality and proper determination of policy liabilities for USGAAP, Swiss Statutory, economic reporting and IFRS17</li><li>Monitor, project and communicate performance of Korea and assigned L&amp;H business portfolios</li></ul><li>Modelling Support for Korea business:</li><ul><li>To assist in setting up and refining data, model points and assumptions for onboarding of business to actuarial models</li><li>Ensuring that the business is onboarded appropriately from models to Swiss Re L&amp;H reporting systems including validating impacts on USGAAP, economic reporting and various Statutory bases.</li></ul></ul>About the TeamL&amp;H Valuation forms part of the L&amp;H Chief Risk Officer unit. The teams are accountable for independent valuation of Swiss Re's L&amp;H business globally, with US GAAP reserves of more than USD20bn. This includes business written across the world and covers all the lines of business that fall into L&amp;H – mortality, CI, DI, longevity, as well as additional 'complex' products such as those with financial risk. As well as production of the numbers, the team is responsible for ensuring timely and accurate information is fed back to the market units to ensure proactive decisions are taken to steer the L&amp;H business in the best possible way.About You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>Around 6 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy; Qualified or working towards to Fellow of Institute of Actuaries Korea (FIAK);</li><li>Excellent interpersonal, communication, organisational and people management skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of USGAAP, MCEV, IFRS17 and Korea local reserving standards would be considered an advantage; Good knowledge and proficiency of actuarial modelling systems; Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage;</li><li>Position will be located in Korea;</li><li>Fluent spoken and written Korean/ English;</li><li>Candidates with less experience will be considered as (Senior) Actuarial Analyst.</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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.

About the RoleThe key activities of the Actuarial Management team that you will be primarily responsible for include:<ul><li>Engage with other relevant teams and with external clients and regulators to ensure effective management of Life &amp; Health (L&amp;H) in-force portfolios:</li><ul><li>Supporting the business growth including advisory during onboarding state of the new reinsurance treaties, based on our financial valuation insights</li><li>Actively keep track of Korea FSC latest requirements, especially actuarial requirements</li><li>Act as the main liaison point on Korea L&amp;H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing</li><li>Assist other teams such as Portfolio Management, Client Management, Pricing and Financial Controlling</li></ul><li>Quarterly reserving and reporting processes of Korea business:</li><ul><li>Ensuring the reporting process for L&amp;H business is adequately reflective of the changing business needs</li><li>Ensuring in-force data quality and proper determination of policy liabilities for USGAAP, Swiss Statutory, economic reporting and IFRS17</li><li>Monitor, project and communicate performance of Korea and assigned L&amp;H business portfolios</li></ul><li>Modelling Support for Korea business:</li><ul><li>To assist in setting up and refining data, model points and assumptions for onboarding of business to actuarial models</li><li>Ensuring that the business is onboarded appropriately from models to Swiss Re L&amp;H reporting systems including validating impacts on USGAAP, economic reporting and various Statutory bases.</li></ul></ul>About the TeamL&amp;H Valuation forms part of the L&amp;H Chief Risk Officer unit. The teams are accountable for independent valuation of Swiss Re's L&amp;H business globally, with US GAAP reserves of more than USD20bn. This includes business written across the world and covers all the lines of business that fall into L&amp;H – mortality, CI, DI, longevity, as well as additional 'complex' products such as those with financial risk.As well as production of the numbers, the team is responsible for ensuring timely and accurate information is fed back to the market units to ensure proactive decisions are taken to steer the L&amp;H business in the best possible way.About You<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>Around 6 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy; Qualified or working towards to Fellow of Institute of Actuaries Korea (FIAK);</li><li>Excellent interpersonal, communication, organisational and people management skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of USGAAP, MCEV, IFRS17 and Korea local reserving standards would be considered an advantage; Good knowledge and proficiency of actuarial modelling systems; Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage;</li><li>Position will be located in Korea;</li><li>Fluent spoken and written Korean/ English.</li><li>Candidates with less experience will be considered as (Senior) Actuarial Analyst</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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.

As a key member of the North Asia Life &amp; Health Reserving team, your role will be focused on reserving activities (covering IFRS4, IFRS17, and Solvency II) for the South Korea and Japan markets, as well as Korea statutory reporting (local IFRS17, K-ICS). This will include preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), understanding and analysing the results and movements, reviewing the work of other team members, and producing reports. It will also include User Acceptance Testing of actuarial model changes.You will also help to undertake the annual assumption update process for North Asia L&amp;H business in Asia Pacific, testing the impact of the best estimate assumptions and preparing reports on these for internal &amp; external stakeholders.You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in strategic projects.The APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing and Seoul, and covers both Life &amp; Health and Property &amp; Casualty business. This includes business written in c.30 countries and 12 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is lead by the Chief Reserving Actuary for Asia Pacific.Responsibilities<ul><li>Review and production support of the IFRS 4, IFRS 17,Solvency II and K-ICS results for the North Asia market</li><li>Produce the actuarial input for the annual Operating Plan</li><li>Liaise with local Technical Accounting team to produce IFRS result</li><li>Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics</li><li>Liaise with IT to streamline and automate valuation process</li><li>Assist in drafting actuarial valuation reports for IFRS and solvencyII for North Asia market</li><li>Perform the annual/half yearly Analysis of Change process on SII and IFRS17 results</li><li>Liaise with stakeholders across the group, based in Singapore, Cologne, Paris and Dublin</li><li>Prepare the quarterly settlement statements for Covea retrocession, and assist in creating a longer-term solution to automate this process</li><li>Standardise and continuously improve reserving processes, analysis and controls.</li><li>Check &amp; review others work as part of the ‘do, check, review’ process</li><li>Assist with quarterly Prophet User Acceptance Testing</li><li>Propose improvements on tools and methodology</li><li>Assist the North Asia market’s contribution to the SCOR Group IFRS17 project, including:</li><li>Testing and dry run activities in 2023</li><li>Prophet model process enhancements</li><li>Communicating with global stakeholders to keep up with progress developments</li><li>Update the Best Estimate assumptions and other parameters in the Prophet model</li><li>Contribute to group/global projects</li></ul>Qualifications<ul><li>Nearly or newly qualified actuary (FIAK, FSA, FIA, FIAA, or equivalent)</li><li>Experience in reserving/valuation: IFRS4, IFRS17, Solvency II, experience analysis, or K-ICS statutory reporting preferred.</li><li>Prophet experience would be advantageous</li><li>8+ years relevant experience</li><li>Experience of reviewing others work and managing tasks independently</li><li>Fluent Korean speaker with good spoken &amp; written English</li><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management</li><li>Strong technical skill set</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when working with other teams and colleagues</li><li>Interest in career and skill development</li></ul>About SCORSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Job Description<ul><li>Building Best Estimation to assess risks associated with extending insurance or financial products</li><li>Responsible for the timely and accurate delivery of pricing terms.</li><li>Ensuring high technical standards of experience analysis.</li><li>Supporting the marketing and business development in building and maintaining effective relationships with clients.</li></ul>Responsibilities<ul><li>Provision of other actuarial service to the client</li><li>Product development and developing relevant risk rate</li><li>Study and discussion new product idea</li><li>Developing risk rate for new products</li><li>Participate in or lead project assignments such as pricing assumption revisions, deal structures, and product development.</li><li>Model and assumptions used for new business quotes.</li><li>Reviewsupporting materials and studies used in Pricing Committee.</li><li>Review packages,project and analytical studies to support pricing assumptions</li><li>Supporting key pricing accountabilities include,client experience and mortality assessment</li><li>Involvement in creating and preparing reinsurance solutions in accordance with SCOR standards with a focus on working in partnership with our clients to develop innovative solutions to their business challenges:</li></ul>Qualifications<ul><li>Qualified Actuary</li><li>Minimum 5 years of industry experience.</li></ul>Personal Competences:Essential:<ul><li>Moderate verbal and written communication skills in English</li><li>Proficiency in one or more life actuarial pricing systems (e.g., AXIS, TAS, Prophet)</li></ul>Desirable:<ul><li>Solid analytical skills with strong problem-solving ability.</li><li>Must be able to work effectively independently and as part of a team.</li></ul>Required Education<ul><li>Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience.</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Job DescriptionDuration: 12 monthsYou will support the Head of L&amp;H Actuarial in developing the actuarial resources in North Asia, coaching junior colleagues and managing tasks and projects in the team. You will have a high degree of responsibility and autonomy.You will also help to manage the annual assumption update process for North Asia L&amp;H business in Asia Pacific, reviewing the experience analysis produced by the Korea L&amp;H market team and setting best estimate assumptions.You will provide leadership on key projects in the North Asia actuarial team, and will be responsible for driving improvements in the valuation modelling, processes and controls. You will be a key point of contract for Group and regional teams on North Asia actuarial matters, and responsible for communication of actuarial issues to other Finance teams in the context of earnings, capital, liquidity, etc. ResponsibilitiesGroup Reporting<ul><li>Alongside the Head of L&amp;H Actuarial, manage the production of North Asia L&amp;H reserves for Group results (IFRS 4, IFRS 17, SII) each quarter, participating in the landing process and ensuring the results are robust.</li><li>Provide value adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions. </li><li>Produce the actuarial narrative on North Asia L&amp;H business to support FP&amp;A teams. Participate in the annual Operating Plan process</li><li>Undertake continuous improvement of reserving processes, analyses and controls in the North Asia L&amp;H actuarial team</li><li>Help to manage the annual assumption update process, reviewing the experience analysis produced by the business and leveraging the analysis to set the best estimate assumptions, working in conjunction with the regional L&amp;H Actuarial team for Asia Pacific.</li><li>Provide support &amp; guidance to the North Asia actuarial team on issues of methodology, appropriate techniques, and applying expert judgement. Review the work of team members</li><li>Support the local actuarial external audits and relationships with Korea auditors in relation to actuarial topics</li></ul>Statutory Reporting<ul><li>Undertake statutory reporting for the Korea branch, producing quarterly and annual L&amp;H IFRS17 and K-ICS results, including the calculation of insurance risk capital for the L&amp;H business as required</li><li>Provide support to the external Appointed Actuary for the Korea Branch in fulfilling their requirements as laid out in the Korean regulations</li><li>Work with the Capital Management team to provide accurate insurance risks forecasts to manage K-ICS capital within the comfort range, and assess the impact of any changes to the business or retrocession</li><li>Liaise closely with Pricing teams on the capital and reserving implications of new deals</li></ul>Projects &amp; Modelling<ul><li>Provide support in the implementation of new regulatory &amp; reporting regimes</li><li>Provide actuarial leadership on key projects as required</li><li>Provide support and guidance on the topic of actuarial Prophet modelling in North Asia, particularly with respect to the transition to seriatim modelling</li></ul>Relationships<ul><li>Be a key point of contact for Group and regional teams on Life &amp; Health actuarial matters in North Asia</li><li>Communication of actuarial issues to other Finance teams in the context of earnings, capital, liquidity, etc</li><li>Work closely with other teams within APAC, including the L&amp;H business unit, other colleagues in the wider Finance team, Pricing, and Risk management, to share common knowledge and common purpose</li></ul><ul><li>Support and encourage the growth and development of talent within the North Asia Actuarial team. Act as a role model within the team</li><li>Deputise for the Head of L&amp;H Actuarial, North Asia, as required</li></ul>QualificationsRequired experience &amp; competenciesExperience:<ul><li>Desirable: Fellow of international actuarial bodies (FSA, FIA, FIAA or equivalent)</li><li>Experience in relevant technical areas: IFRS4, IFRS17, Solvency II, experience analysis, or K-ICS statutory reporting. Prophet experience would be advantageous</li><li>Minimum of 8-10 years relevant experience</li><li>Experience leading tasks/projects or small teams</li><li>An interest in assuming appointed actuary responsibilities in the future, including a willingness to obtain FSS certification, would be an advantage but is not required</li></ul>Personal Competences:<ul><li>Enjoys working at pace, in a collaborative and open environment</li><li>Promotes continuous improvement and development</li><li>Proactive and experienced at stakeholder management </li><li>Strong technical skill set</li><li>Excellent communication and interpersonal skills. Fluent English speaker.</li><li>Creates a supportive environment when coaching junior team members, and when working with colleagues in the wider business</li><li>Interest in career and skill development – of self and others</li><li>Able to provide effective challenge to senior leaders</li></ul>About us SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Job DescriptionAs a key member of the Korea Life &amp; Health Valuation team, which sits within the APAC Actuarial function, your role will be focused on the production and of IFRS and SII results. The role will cover SCOR’s business written in Korea and Japan. This will include preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), understanding and analysing the results and movements, reviewing the work of other team members, and producing reports. It will also include preparation of settlement statements for an external retrocession, and User Acceptance Testing of actuarial model changes.You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in strategic projects.About the Department: APAC ActuarialThe APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing and Seoul, and covers both Life &amp; Health and Property &amp; Casualty business. This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Chief Reserving Actuary for Asia Pacific.ResponsibilitiesValuation &amp; Closing Process<ul><li>Production of the IFRS 4 and Solvency II results for the North Asia market</li><li>Produce the actuarial input for the annual Operating Plan</li><li>Liaise with local Technical Accounting team to produce IFRS result</li><li>Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics</li><li>Liaise with IT to streamline and automate valuation process</li><li>Assist in drafting actuarial valuation reports for IFRS and solvency II for North Asia market</li><li>Perform the annual/half yearly Analysis of Change process on SII and IFRS17 results</li><li>Liaise with stakeholders across the group, based in Singapore, Cologne, Paris and Dublin </li><li>Prepare the quarterly settlement statements for Covea retrocession, and assist in creating a longer-term solution to automate this process</li><li>Standardise and continuously improve reserving processes, analysis and controls.</li><li>Check &amp; review others work as part of the ‘do, check, review’ process</li></ul>Modelling<ul><li>Assist with quarterly Prophet User Acceptance Testing</li><li>Propose improvements on tools and methodology</li><li>Assist the North Asia market’s contribution to the SCOR Group IFRS17 project, including:</li><li><ul style="list-style-type:circle"><li>Testing and dry run activities in 2022</li><li>IFRS 17 UAT and Solvency II UAT</li><li>Communicating with global stakeholders to keep up with progress developments</li></ul></li><li>Update the Best Estimate assumptions and other parameters in the Prophet model</li><li>Contribute to group/global projects</li></ul>May perform other duties as requiredQualifications<ul><li>Nearly or newly qualified actuary (FIAK, FSA, FIA, FIAA, or equivalent)</li><li>5+ years relevant experience in a insurance/reinsurance business</li><li>Experience of reserving/valuation – IFRS 4, IFRS 17 or Solvency II experience preferred</li><li>Experience of reviewing others work and managing tasks independently</li><li>Fluent Korean speaker with very good spoken &amp; written English</li><li>Enjoys working at pace, in a close-knit team</li><li>Demonstrates curiosity and enthusiasm for continuous improvement</li><li>Proactive, organized and adept at stakeholder management </li><li>Strong technical skill set</li><li>Excellent communication and interpersonal skills</li><li>Creates a supportive environment – both when coaching junior members within the team and when working with other teams and colleagues</li><li>Interest in career and skill development</li></ul>About us
 SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

<div>About the Role<ul><li>Conduct pricing of reinsurance business to be written by the Korea office in accordance with the internal guidelines.</li><li>Develop new business pipelines, including generation of financial solutions, through close cooperation with valuation, accounting, risk management and other units. </li><li>Provide sound advice to support the sustainable growth of the business.</li></ul>Detailed Job Functions<ul><li>Analyze economical value as well as product features to execute each quotation</li><li>Maintain best estimate assumptions, i.e. detailed standard terms on which business can be written, for all major lines of business, and apply regular experience study outcomes to update the basis of these terms</li><li>Develop new business opportunities through delivery of new financial solutions</li><li>Maintain strong relationship with clients including liaison on financial topics and delivery of presentations to share accounting (IFRS, US-GAAP etc) knowledge</li></ul>About You<ul><li>Qualified actuary or close to qualified actuary </li></ul><ul><li>At least 2-3 years’ experience in actuarial modelling and pricing in Korea</li></ul><ul><li>Good knowledge about products, accounting analysis in the market</li><li>Experience of using and applying actuarial pricing tools and data analysis tools</li><li>Fundamental understanding about the insurance industry and the regulatory regime</li><li>Good interpersonal and influencing skills </li><li>Good command of English language</li><li>Well organised and able to manage projects effectively</li><li>Good team player</li><li>Independent</li></ul>About Swiss ReSwiss 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 &amp; Casualty and Life &amp; 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. </div>

About Swiss Re



<div>
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 &amp; Casualty and Life &amp; 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. 




</div>

About the Role



1. Portfolio Management: actively participate and support the Korea Portfolio Management managers' responsibility in engaging with other internal partner functions (and with external clients) to perform effective management of L&amp;H's in-force portfolios.



2. Assist on inforce portfolio initiatives to actively manage inforce risk and increase value of the inforce. This includes for example:

<ol style="list-style-type:lower-alpha">
	<li>Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance.</li>
	<li>Complete quantitative experience analysis and valuation for recapture or non-contractual change on the inforce. </li>
	<li>Driving key inforce initiatives within Swiss Re such as US GAAP initiatives, Portfolio Optimization, Customer Retention Management, IFRS 17 and other inforce solutions. </li>
	<li>Reprice reviewable rate treaties or provide technical peer review support.</li>
</ol>



3. Perform experience monitoring:

<ol style="list-style-type:lower-alpha">
	<li>Work on production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other.</li>
	<li>Highlight key observations and recommendations to assist on business steering and in-force management.</li>
	<li>Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary.</li>
	<li>Identify early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the in-force and ensure its sustainability; Spot issue early and fix them. </li>
</ol>



4. Support Group wide and local projects as required, including other priorities of the L&amp;H Business Management team.





About the Team



The Portfolio Management team forms part of the Business Management division in Swiss Re together with other units including Technical Accounting, Actuarial Management and Claims. The team has interdependent relationships with other units within the L&amp;H Business Management division and is required to foster a strong team culture in order to drive delivery of the overall divisional mandate.  



The mandate of the Portfolio Management team is to monitor, protect and maximize the shareholder value extracted from the in-force L&amp;H portfolio across its six markets in Asia: China, Japan, South Korea, South East Asia, Hong Kong &amp; Taiwan and India.



As part of a team of fifteen, this role reports to the Head L&amp;H Portfolio Management Asia and working closely with other senior team members. Whist this role will focus on Korea market, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to the Managing Director and Regional Head of the Business Management in Asia Pacific. In addition, the team works closely with other departments in Division Asia's L&amp;H Community, including Pricing, Finance, Transactions and Client markets.





About You



• Good exam progress with a recognised Actuarial professional body. 
• Minimum 4+ years of L&amp;H valuation or pricing experience in reinsurance or primary insurance. 
• Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis). 
• Working knowledge of US GAAP financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV), knowledge of IFRS 17 is a plus. 
• Strong analytical skills, good understanding of financial reporting process, actuarial models and data management. 
• Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes. 
• Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus. 
• Excellent interpersonal, communication and organisational skills. 
• Ability to liaise with various stakeholders on different in-force management initiatives. 
• Ability to navigate ambiguity and work autonomously.

• Strong communication skills in Korean and English.

• Candidates with more experience will be considered as Senior Actuarial Analyst.
<div>
 
Keywords:   
Reference Code: 115321 


</div>

Find Actuary & Actuarial Jobs in Seoul