Logo of Huzzle

Home

Matches

Explore

Manage

Actuary

image

Swiss Re

2mo ago

  • Job
    Full-time
    Senior Level
  • Healthcare
  • Toronto

AI generated summary

  • You must have a math/actuarial degree, FSA qualification, 7+ years experience, strong analytical skills, communication skills, and knowledge of IFRS17, US Statutory valuation, and databases.
  • You will manage financial reporting for DI, GLTD, and LTC, present quarterly results, conduct experience studies, improve product performance, and guide junior colleagues while enhancing the IFRS17 process.

Requirements

  • You have a University degree in mathematics or actuarial science and a qualified FSA with minimum seven years of experience
  • You have strong written/verbal communication skills
  • Your strengths will be your strong analytical skills with experience working in MS Excel, R, Power BI, Axis and/or Prophet
  • Experience working with databases is an asset
  • Ability to work independently and in a team to contribute to the successful delivery of time-sensitive projects is important
  • Experience with IFRS17 and US Statutory valuation
  • Experience working with DI and/or health insurance products an asset

Responsibilities

  • Overall ownership of the DI, GLTD and LTC financial reporting and actuarial deliverables. Key reviewer of the end-to-end quarterly valuation production process, yearend reporting requirements, annual Planning with associated assumption setting as required for the DI, GLTD and LTC business
  • Present quarterly results to key internal stakeholders, such as Group and Local Finance teams
  • Working closely with Pricing team to review product performance, and actively improve the actuarial feedback loop for these products
  • Conduct experience studies to support assumption setting as needed for the portfolios
  • Be a trusted advisor to the business through insightful analysis, proactive understanding of market developments, and engagement with other L&H functions to provide advice on in-force activities for DI, GLTD and LTC business
  • Provide leadership and guidance to junior colleagues in key project deliverables and system changes
  • Active contributor to the IFRS17 process improvement for DI, GLTD and LTC business

FAQs

What qualifications are required for this actuary position?

A university degree in mathematics or actuarial science and a qualified FSA with a minimum of seven years of experience are required.

What specific product lines will the actuary be focusing on?

The actuary will focus on Disability Income (DI), Group Long Term Disability (GLTD), and Long Term Care (LTC) product lines.

What are the key responsibilities of this role?

Key responsibilities include overall ownership of financial reporting and actuarial deliverables for DI, GLTD, and LTC, presenting quarterly results, conducting experience studies, and providing leadership to junior colleagues.

What is the team structure for the Group & Health valuation unit?

The team comprises 30 actuaries and reports to the VP, Actuarial Group & Health Lead.

Is experience with IFRS17 and US Statutory valuation necessary?

Yes, experience with IFRS17 and US Statutory valuation is necessary for this position.

What software or tools should applicants be familiar with?

Applicants should have experience working in MS Excel, R, Power BI, Axis, and/or Prophet.

Are there opportunities for professional development in this role?

Yes, the role includes providing guidance to junior colleagues and contributing to process improvements, fostering an environment for professional development.

Does Swiss Re promote diversity in its hiring practices?

Yes, Swiss Re is an equal opportunity employer and promotes an inclusive culture that encourages diverse perspectives.

Will the actuary need to conduct presentations?

Yes, the actuary will present quarterly results to key internal stakeholders, such as Group and Local Finance teams.

Is specific knowledge of health insurance products required?

Experience working with Disability Income (DI) and/or health insurance products is considered an asset.

image

Swiss Re

Swiss Re helps insurers and direct clients to shoulder risks through re/insurance and other solutions.

Finance
Industry
10,001+
Employees

Mission & Purpose

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of over 70 offices globally and is rated "AA-"​ by Standard & Poor's, "Aa3"​ by Moody's and "A+"​ by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the Main Standard on the SIX Swiss Exchange and trade under the symbol SREN. We're smarter together.