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 busines...
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Are you an experienced P&C reserving actuary? Join us and continue your professional development in one of the most respected insurance companies on the market!
Your focus will be on the calculation of the solvency capital requirements under the Solvency Assessment and Management (SAM) framework for the legal entity Swiss Re Corporate Solutions South-Africa (SRCSA) as well as the valuation of the best estimate technical provisions.
Your responsibilities:
Perform the quarterly and annual solvency capital requirement calculations including market value balance sheet, SAM capital requirements, technical provisions and own funds
Prepare all actuarial SAM reporting including populating the actuarial components of the Quantitative Reporting Templates (QRTs) and documenting the solvency position results in the Own Risk and Solvency Assessment (ORSA) report
Support the calculation of local technical provisions under IFRS 17
Closely cooperate with internal colleagues (Finance/Accounting, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management
Manage all actuarial requests of internal and external stakeholders including external/internal auditors as well as regulators, and address them on a timely basis
Inter-regional coordination with other Swiss Re actuarial teams collaborating in various projects, such as supporting IFRS 17 actuarial process developments
Detailed ad-hoc portfolio reviews and analyses as required including management support
About You
We are looking for:
P&C reserving actuary with preferably more than 4 years P&C insurance experience across reinsurance or direct insurance
Excellent understanding of capital calculations under the Solvency Assessment and Management (SAM) including the ability to develop corresponding tools from scratch
Strong understanding of and experience with IFRS 17 financial principles and reserving methods for P&C re/insurance business
Experience in using actuarial and statistical software (for example SAS, R)
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