About the Role

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The key activities of the valuation team that you will be primarily responsible include:

1) Quarterly reserving and reporting processes mainly for Korea business:

- Ensuring the reporting process for L&H business is adequately reflective of the changing business needs

- Ensuring in-force data quality and proper determination of policy liabilities for IFRS, Korea Statutory, Singapore Statutory, and Swiss Statutory

- Monitor, project and communicate performance of Korea and assigned L&H business portfolios

2) Modelling Support mainly for Korea business:

- To assist in setting up and refining data, model points and assumptions for onboarding of business to RAFM models

- Ensuring that the business is onboarded appropriately from RAFM to Swiss Re L&H reporting systems including validating impacts on IFRS and various Statutory basis.

3) Engage with other internal teams and with external clients and regulators to ensure effective management of L&H in-force portfolios:

- Act as the liaison point on Korea L&H business for other functions in Swiss Re, with special focus on actuarial feedback loop from valuation to pricing

- Assist other teams, . Portfolio Management, Technical Accounting& Financial Controlling

About the Team: 

Reporting to Head L&H Valuation HK, TW & Korea, you will be primarily responsible for the activities of the valuation in Korea market. The valuation team is part of the Risk Management L&H Re in Swiss Re, responsible for managing the actuarial valuation, reporting and analysis for all reinsurance business written in Asia.

The valuation team in Asia supports Swiss Re's L&H business in Asia excluding Australia/New Zealand/China by providing financial information and advice on past and expected future profitability and experience. This team works closely with other departments in Asia's L&H Community, including Pricing, Portfolio Management, and Client Markets teams. Furthermore, the team has interdependent relationships with other units within the Risk Management L&H Re.

The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture to drive delivery of the overall in-force management mandate.

About You: 

Strong knowledge and working experience in L&H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role. 0-3 years L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy. Good progress in Actuarial Professional examinations. Ability to balance rigorous technical requirements and business mind-set to be solutions oriented, Strong technical knowledge and the ability to analysis large amounts of data. Good understanding of IFRS 17. Local statutory knowledge would be considered as an advantage. Proficient in Korean and coversational in English  Good knowledge and proficiency of actuarial modelling systems; RAFM experience is desirable, but not essential.

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. Keywords:   
Reference Code:  130300

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