Corporate Actuary - Sydney, Australia - Swiss RE

Swiss RE

Verified Company

Sydney, Australia

2 weeks ago

Posted by:

Olivia Brown

beBee Recruiter

Description

About the Role

We are seeking an experienced and professional actuary, with experience in delivering valuation and financial reporting, including regulatory capital reporting.

The role is to support the actuarial valuation team during a parental leave vacancy.

Core Responsibilities:

1) Key contributor to quarterly reporting:

Creation of direct business policy liabilities across Swiss Re's reporting bases
Support the consolidation of company results on local valuation and capital reporting bases
Analysis of earnings and surplus on various local valuation and capital reporting bases
Communicating results with stakeholders
Preparation of APRA quarterly reporting
Ensure documentation and controls are followed and remain current

2) Key contributor to annual reporting

Support preparation of year end reporting disclosures to regulators
Support the Appointed Actuary in preparing Actuarial Valuation Report and Financial Condition report

3) Support the integration and implementation of IFRS17 into BAU

4) Support capital management initiatives and disclosures including determination of target surplus requirement and preparation of Internal Capital Adequacy Assessment Process Report

5) Key contributor to experience study and assumption review:

Support the yearly experience study process, providing initial analysis of results from the Experience Studies team and report on insights for the direct business portfolio
Develop an understanding of the business and propose ideas to improve profitability and efficiency
Ad hoc support of projects

About You

You will possess:

Fellow of Australian Institute of Actuaries qualification (or equivalent);
5+ years of experience in corporate actuarial or life & health insurance industry;
At least 2 years in Australian or New Zealand life insurance valuations and local capital requirements;
Knowledge of the Australian L&H market;
Strong analytical skills and the ability to handle both conceptual and practical issues;
Strong verbal and written communication skills;
Ability to work independently, good judgement and business insight; and
Ability to collaborate in a team and contribute to the broader team on local and global business initiatives.

Knowledge of actuarial valuation systems, particularly AXIS, as well as experience with life insurance accounting, management reporting and actuarial valuation system implementation is advantageous

About the Team

Swiss Re Australia's Life & Health Actuarial Management team comprises approximately two dozen staff across our Sydney and Bangalore offices, responsible for delivering all actuarial reporting requirements and for developing a deep understanding of the diverse and complex reinsurance business in Australia and New Zealand.

Our team aims to proactively provide useful insights to senior leaders locally and globally.

We collaborate with cross functional teams throughout Swiss Re to help deliver efficiently implemented projects and reinsurance offerings to our clients.

We are constantly striving to use the latest analytical tools to provide more insights to both our internal stakeholders and our clients, helping achieve our goal of making the world more resilient.

Leadership from Every Seat is our leadership ambition to empower all employees at Swiss Re to act as a leader and take ownership no matter where they sit in the organisation.

There are three leadership imperatives that guide us on how we lead at Swiss Re, one of which is to 'Be courageous'.

At Swiss Re, this is about taking personal accountability.

We are looking for team members who stand for integrity, improve continually and navigate ambiguity. This means having the courage to be curious and to stretch yourself beyond what you already know.

We want team members who drive change fearlessly and don't always opt for the easy option, and can stay calm, focused and resilient during difficult times.

Regardless of what position we have at Swiss Re, all of us can be courageous, which will also help us in our personal and professional growth.

Swiss Re offers modern working arrangements that allow all employees to adapt to changing work preferences.

We currently provide employees with attractive offices, competitive benefits such as 25+ days annual leave, 15 days personal leave, flu vaccinations and annual health checks.

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. We cover both Property & Casualty and Life & Health. Combining experience