Reporting Actuary (Hybrid, 80 - 100%)

Reporting Actuary (Hybrid, 80 - 100%)

London Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Dive into product lines, enhance data/models, and support senior actuaries in financial reporting.
  • Company: Join Swiss Re, a global leader in reinsurance and risk management, making the world more resilient.
  • Benefits: Enjoy a hybrid work model, diverse culture, and opportunities for professional growth.
  • Why this job: Be part of a dynamic team driving improvements in life and health insurance across Europe.
  • Qualifications: Qualified/part-qualified Actuary with 5+ years in L&H re/insurance and strong analytical skills.
  • Other info: We value diversity and encourage applicants from all backgrounds to apply.

The predicted salary is between 43200 - 72000 £ per year.

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 members as required.

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 able to challenge the status quo and lead/drive the enhancements.
  • Teamwork - 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.

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.

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. 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.

Reporting Actuary (Hybrid, 80 - 100%) employer: Financial Women’s Association

Swiss Re is an exceptional employer, offering a dynamic and inclusive work culture that fosters professional growth and innovation. Located in London, the Reporting Actuary role provides opportunities to engage with diverse teams across Europe, enhancing your skills while contributing to meaningful projects in the life and health insurance sector. With a commitment to employee development and a flexible working environment, Swiss Re empowers its employees to thrive and make a significant impact in the industry.
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Contact Detail:

Financial Women’s Association Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reporting Actuary (Hybrid, 80 - 100%)

Tip Number 1

Familiarise yourself with the specific financial reporting standards mentioned in the job description, such as IFRS 17. Understanding these standards will not only help you in interviews but also demonstrate your commitment to the role.

Tip Number 2

Network with current or former employees of Swiss Re, especially those in the L&H Actuarial Valuation team. They can provide valuable insights into the company culture and expectations, which can be beneficial during your application process.

Tip Number 3

Brush up on your analytical skills and be prepared to discuss how you've used them in past roles. Think of specific examples where you've identified areas for improvement or enhanced processes, as this aligns closely with the responsibilities of the position.

Tip Number 4

Prepare to showcase your communication skills by thinking of scenarios where you've effectively presented complex information to non-actuaries. This will highlight your ability to work across different functions, a key aspect of the role.

We think you need these skills to ace Reporting Actuary (Hybrid, 80 - 100%)

Actuarial Qualification
Financial Reporting
Experience Studies
Data Analysis
Assumption Setting
Stakeholder Communication
Portfolio Management
Reserve Calculations
IFRS 17 Knowledge
Cross-Functional Collaboration
Team Leadership
Analytical Skills
Attention to Detail
MS Excel Proficiency
MS Power BI Knowledge
Database Software Familiarity
Strong Verbal and Written Communication Skills in English

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in life and health re/insurance. Emphasise your analytical skills, teamwork, and any specific actuarial qualifications or progress towards them.

Craft a Strong Cover Letter: In your cover letter, express your motivation for applying to Swiss Re and how your background aligns with the responsibilities of the Reporting Actuary role. Mention your ability to communicate effectively with stakeholders and your experience in financial reporting.

Showcase Technical Skills: Highlight your proficiency in MS Excel and any experience with MS Power BI or database software. Provide examples of how you've used these tools in previous roles to enhance data analysis or reporting.

Prepare for Potential Questions: Think about how you would discuss your experience with assumption setting and managing in-force portfolios. Be ready to explain how you've driven enhancements in past roles and how you approach challenges in actuarial work.

How to prepare for a job interview at Financial Women’s Association

Understand the Role

Make sure you have a clear understanding of the responsibilities outlined in the job description. Familiarise yourself with financial reporting, in-force management, and the specific product lines mentioned. This will help you demonstrate your knowledge and enthusiasm during the interview.

Showcase Your Analytical Skills

Prepare to discuss examples from your past experience where you've used strong analytical skills to challenge the status quo or drive enhancements. Be ready to explain how you approach problem-solving and decision-making, especially in relation to actuarial judgement and assumption setting.

Communicate Effectively

Since strong communication skills are essential for this role, practice articulating complex actuarial concepts in a way that non-actuaries can understand. Think about how you would present results to senior stakeholders and be prepared to discuss your experience in collaborating with cross-functional teams.

Demonstrate Teamwork

Highlight your ability to build relationships across technical disciplines. Prepare examples of how you've worked effectively within a team, especially in situations involving multiple priorities. Emphasise your willingness to support junior team members and seek guidance when needed.

Reporting Actuary (Hybrid, 80 - 100%)
Financial Women’s Association
F
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