Reporting Actuary (Hybrid, 80 - 100%)

Location: London, GB

About the team

We are looking for a talented and motivated individual to join the L&H Actuarial Valuation team for Continental Europe (CE). This role will offer the opportunity to take responsibility for financial reporting and in-force management of our life and health (L&H) business in Israel.

About the role

The key responsibilities include:
• Deep dive into various product lines, proactively identify the areas to improve.
• Perform experience study and enhance data/model/process whenever needed. Apply actuarial judgement in assumption setting.
• Communicate directly or support senior actuaries for assumption proposals and impact with key stakeholders.
• Participating in management activities (i.e. recaptures and changes in treaty terms) from an actuarial perspective and taking a proactive approach to management of the in-force portfolio.
• Provide quality reserve and income statement submissions for internal and external reporting (local and Swiss statutory, IFRS 17)
• Working closely with other functions (including Market Unit, Costing, Accounting, Finance, product team etc) and be a key member of the market cross functional teams
• Coordinating workflow and providing support to more junior team member as required.

About the team

The wider CE Actuarial valuation team, is part of L&H Group Risk Management EMEA, and is made up of around 35 people, split between Zurich, Bangalore and London.
The remit of the team covers all L&H business written in our Continental European markets and therefore involves working with a wide range of internal stakeholders in various functions.
Key objectives of the team are the delivery of robust and transparent quarterly financial results, supporting active management of our in-force portfolio to help maintain our L&H ROE, and delivering improvements in operational efficiency – including alignment to one global way of working, and system landscape.

About You

• Qualified/part-qualified Actuary with good progress made towards Actuarial qualification (study package provided), preferably for more than 5 years of experience in L&H re/insurance
• Strong analytical skills, attentive to details, and be able to challenge the status quo and lead/drive the enhancements.
• Team work - able to build working relationships across technical disciplines, and work effectively across the L&H value chain (including non-actuaries)
• Capable of managing own workload when faced with multiple priorities, but willing to seek guidance from line manager as and if required
• Strong communication skills, including being capable of presenting results to/discussing results with internal interested parties and senior stakeholders.
• Proficient in MS Excel. Knowledge of MS Power BI and/or database software would be considered an advantage.
• Strong written and verbal communication skills in English are required

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week

For London, the annual base salary range for this position is between GBP 60 000 and GBP 90 000 (for a full-time role). The specific salary offered considers:

• the requirements, scope, complexity and responsibilities of the role
• the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience

In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits.

Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

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

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