At a Glance
- Tasks: Manage valuation reporting and collaborate with cross-functional teams to ensure accuracy.
- Company: Join Swiss Re, a leading global provider of reinsurance and insurance solutions.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Diverse team culture that values fresh perspectives and encourages personal authenticity.
- Why this job: Make a real impact in the insurance industry while working with innovative teams.
- Qualifications: Near-qualified actuary with strong analytical skills and experience in valuation.
The predicted salary is between 62000 - 94000 £ per year.
This role sits within the UK Market Unit of the L&H Valuation EMEA team. You will be responsible for ensuring accurate and timely reporting of the UK Life portfolio across multiple valuation bases. The role involves setting valuation assumptions and working closely with cross‑functional teams (XFTs) to deliver robust and compliant valuation outcomes.
We are seeking a part‑or nearly qualified actuary with strong analytical skills and ability to produce high‑quality technical work. The ideal candidate will demonstrate a motivated, proactive, and flexible approach, with the ability to work effectively both independently and collaboratively within the L&H Valuation team and wider cross‑functional groups.
Key Responsibilities
- Own reserve calculations under multiple reporting regimes (IFRS and Statutory), providing assurance on accuracy and key movement drivers.
- Lead assumption reviews and loss ratio analyses, managing governance processes and presenting recommendations to Executive-level forums.
- Enhance valuation approaches for material treaties, including implementing refined techniques and coordinating with cross‑functional teams to ensure robust outputs.
- Drive continuous improvement by applying technical expertise to resolve complex issues, challenging existing processes, and implementing sustainable solutions.
- Maintain quality documentation while providing coaching and technical support to junior team members.
About the Team
Join a diverse, highly skilled team working across multiple locations, united by shared objectives and close collaboration. Within Actuarial Reserving, we are responsible for the timely and accurate delivery of quarterly financial results, while providing clear, actionable insights into the key drivers affecting the UK Life portfolio. Our work supports senior management by proactively identifying and responding to areas of uncertainty. To achieve this, we partner closely with teams across the entire Life & Health value chain, fostering strong relationships that enable informed, effective decision‑making.
About You
We value independent thinking and problem‑solving abilities, combined with strong communication skills to explain technical concepts clearly to diverse stakeholders. Your collaborative approach, adaptability, and natural curiosity will enable you to support the team through changing priorities while identifying opportunities for process improvements.
Who we are looking for
- Qualified or near‑qualified Actuary.
- Strong experience within reinsurance/insurance, preferably with a strong focus on valuation and reporting.
- Solid understanding of Life & Health insurance products and reinsurance structures, particularly those written in the UK or other European markets.
- Advanced Excel skills, with proficiency in actuarial or statistical software.
- Independent and pragmatic thinker, comfortable working with ambiguity and proposing effective, achievable solutions while aligning expectations with stakeholders.
Compensation & Work Model
The base salary range for this position is between 62,000 GBP and 94,000 GBP (full time equivalent). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.
Hybrid working model with a minimum of three days per week in the office.
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. 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.
We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.
Start your career journey with Swiss Re.
Valuation Actuary (Hybrid; 80-100% working degree) in London employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
Swiss Re is an exceptional employer that fosters a culture of innovation and collaboration, making it an ideal place for a Longevity Pricing Actuary to thrive. With a commitment to employee growth, the company offers extensive training opportunities and a competitive benefits package, including bonuses and global perks, all within a dynamic and supportive team environment. Working at Swiss Re not only allows you to tackle complex global challenges but also empowers you to make a meaningful impact in the field of longevity risk.
Contact Details:
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Valuation Actuary (Hybrid; 80-100% working degree) in London
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We think you need these skills to ace Valuation Actuary (Hybrid; 80-100% working degree) in London
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