Job Vacancies at Swiss Re

About the role

Is underwriting your passion? Would you like to use and broaden your underwriting knowledge in one of the best reinsurance companies in the world? Does the interaction with clients excite you?

Join our team. We are looking for a highly motivated, ambitious Facultative Underwriter Property for the Southern- and South-African markets.

As an integral part of Facultative Europe, Middle East, and Africa (EMEA), we're a diverse and international team of very experienced underwriters with long-standing relationships into our markets, building on a very high level of single risks underwriting expertise and with a strong track record. We're looking to complement and strengthen our team with someone bringing experience in underwriting, a fresh view, and innovative ideas as well as an entrepreneurial spirit and energy.

Your job will entail originating, evaluating, and underwriting facultative business within your assigned portfolios. You will be able to assess a wide range of risk types with your experience and by utilizing state-of-the-art models. An important part of your role will be to foster client and broker relationships and develop new opportunities with prospective clients. You will collaborate with client managers, market underwriters and treaty underwriters in a cross-functional team. Together we build on our partnerships with our clients and share our knowledge, with the objective to bring value for the client and Swiss Re. This role offers you lots of space to develop own ideas and find creative solutions.

We are a diverse and international team with a very high level of entrepreneurial spirit, energy and expertise, that we seek to complement and strengthen together with your support. At the same time, we gather more experiences, develop ourselves and have fun.

About you

We are happy to meet you if

• you hold a University degree or equivalent
• you have at least 5 years of experience in insurance or reinsurance, preferably Property-related
• you see yourself as a sales person and dealmaker
• you have excellent verbal and written communication skills in English, any additional language is a plus
• you are pragmatic, solution- and result-oriented
• you are attracted by working in an international environment
• you are an outstanding teammate who can work independently and takes responsibility for making decisions
• you are open-minded, trustworthy, enthusiastic and curious to learn

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About the role

Your focus in the role 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) including the valuation of best estimate technical provisions.

The main responsibilities are:

• 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
• Perform the technical provisions transformation required from US GAAP/IFRS 17 to local GAAP
• Closely cooperate with major internal partners (Finance/Accounting, Risk Management, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management
• Play an active role in the actuarial team in supporting 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 actuarial process development including the implementation of IFRS 17 accounting standards
• Detailed ad-hoc portfolio reviews and analyses as required including management support

About the Team

You will be part of the Swiss Re Corporate Solutions actuarial team based in Zurich. We are responsible for determining the technical provisions at adequate levels meeting all local statutory and US GAAP as well as IFRS 17 requirements for the region Europe and Middle East. In addition, the team is supporting Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.

About You

Bringing strong interpersonal skills and ability to prioritise, you are bound for success in this role. In addition, you bring:

Must haves:

• Bachelor's degree in Actuarial Science, with the candidate making good progress in the actuarial exams from Actuarial Society of South Africa (ASSA) or any other equivalent Actuarial Body
• 2 – 4 years relevant experience in P&C (non-life) insurance business
• Experience and good understanding of capital calculations under Solvency Assessment and Management (SAM)
• Experience and good understanding of reserving methods for P&C business

Nice to have:

• Knowledge of US GAAP and IFRS 17 financial principles

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About the Role

Your role will be essential to our South African employees, as your responsibility will be to ensure that our offices run smoothly & provide great working environment!

Your main tasks:

• Engage and collaborate with local and regional management and act as a primary contact for daily operations.
• Responsible for the implementation of CRE strategic direction within South Africa & Ivory Coast
• Ensure optimal utilization of the infrastructure with regards to workplace and workplace related services.
• Prepare and monitor the location (s) operating budget
• Vendor Management and monitoring the set KPI's for the delivery of the contracted services
• Project Management – required involvement in CRE moves, renovations, build and operations
• Ensure the management of internal environmental standards is adhered to and implement continuous improvement initiatives.
• Perform annual review of all business continuity plans in the location to ensure compliance

This role is being filled as temporary replacement during a secondment.

Our team:

You will lead, coach & mentor a motivated team of 3. Our team is keen to make our offices a great working environment, ensuring our key stakeholders can run their business effectively. We are great colleagues, who enjoy spending the time together, and we need a motivating leader to join us!

About you:

Are you able to build strong & positive relationships with colleagues & key stakeholders?

Essentials:

• BCOM / Property Management Degree
• 2 -5 years experience in a similar role
• Experience with leading people, strong leadership & interpersonal skills
• Project Management Skills
• Attention to detail
• Strong Client Orientation
• MS Office
• Problem Solving Skills

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About the role:

Imagine a role where you can utilise your strong finance and tax knowledge in a leading re/insurance company on the market, allowing you to grow further in a role with a lot of independence, and reporting directly to the Chief Financial Officer. You will be involved in reporting and analyses across multiple valuation bases ((IFRS, US GAAP, SAM ) and also take responsibility for tax compliance and advisory.

Main Responsibilities

• Leading and maintaining all tax calculations, submissions (Income Tax, Dividends Tax, VAT, etc) and advisory services.
• Researching tax laws, particularly those governing insurance companies.
• Completion of tax audits, if required, by relevant tax authorities.
• Preparing quarterly and annual financial and regulatory reporting.
• Preparing analyses for senior management and other key stakeholders.
• Working closely together with business and Group to ensure IFRS requirements are accurately addressed and implemented
• Support Capital management, Cost management, and Treasury activities
• Ad-hoc project involvement

About the team:

The Swiss Re Corporate Solutions Africa Finance Team is a 3-person dynamic team leading the financial responsibilities for the organisation. Working alongside global finance teams within the broader Swiss Re Group to ensure the success of the growing South African legal entity.

About you:

Bringing problem solving, interpersonal and analytical skills, this role will be a perfect fit for you. We also need:

• University degree in the field of finance or accounting
• Minimum 2 years of working experience in a tax function plus at least 3 years accounting experience (including articles)
• Solid understanding of Tax and VAT principles / legislation
• Solid understanding of IFRS and local regulatory principles (e.g. SAM)
• IFRS 17 knowledge and/or experience is preferable
• Insurance background is preferable
• CA (SA) qualification is preferable
• Willingness to travel to other Swiss Re Offices