Longevity Reporting Actuary (80-100%)

About Swiss Re

About the Role

This is a phenomenal chance to be a key member of a team of six responsible for the reporting of the UK Life & Health reserving of our longevity lines of business (mainly longevity swap business).

This role sits within the Business Management function. Working together across a broad group of functional areas we are dedicated to running our in-force book, building strong relationships with clients and looking for opportunities to generate value.

You will be responsible for ensuring the appropriate reporting of the UK longevity product lines of business on multiple valuation bases. The role reports to the Head of Actuarial Management UK & Ireland, but working very closely with Actuarial Lead Longevity UK.

It will be important for you to establish positive connections with other departments such as Finance, Products and Client Markets, in addition to other BM functions such as Technical Accounting, Portfolio Management and Claims – as well as various global functions.

You will:

• Support the leadership and development of a small team with varied strengths of actuarial professionals across Bangalore and London.

• Provide quality reserve and income statement submissions for internal and external reporting (local and Swiss statutory, US GAAP, and Economic Value Management).

• Strengthen the firm’s understanding of our financial results - including current and future trends.

• Ensure reserving takes place within a well-controlled risk environment, including the production of a clear audit trail.

• Supporting the onward consolidation work for EMEA on all reporting bases, by ensuring clear and consistent story telling of the drivers of the financial results.

• Support our growth ambitions by providing financial information and advice on profitability and emerging expected experience of our in-force book and potential new business acquisitions – working closely to ensure accurate and appropriate onboarding of all new deals

• Build up process for accurate experience studies and monitoring of performance of the portfolio

• Ensure that appropriate feedback loops exist between L&H BM and L&H Pricing.

• Ensure compliance with all appropriate Reserving Standards and contribute to ongoing developments of these within the Swiss Re actuarial community.

• Support the implementation of new tools and more efficient processes as part of the VR&A (Valuation, Reporting & Analysis) initiative, and embed the required cultural changes to make us more commercially focussed. You will encourage operational excellence across BM.

• Act as a key member of cross functional teams working on improving and better understanding of our UK longevity portfolios

  
  

About You

• The ability to inspire, encourage and implement efficient processes and to use these to provide insight to the business will be key to success in this role. In addition, the following attributes are needed:

• Strong written and verbal communication skills in English are required

• Actuary, ideally qualified, preferably with more than 3 years of L&H reserving or costing experience across reinsurance or primary insurance.

• Understanding of the methods of calculating policy liabilities and embedded values. US GAAP financial reporting and working knowledge of market consistent valuation methods is preferred.

• Existing knowledge of IFRS17 would be useful but is not essential for a candidate who is willing to build up this expertise over time.

  
  

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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