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Position: Actuary L&H Functional Team
Institution: Swiss Reinsurance Company Ltd
Location: Adliswil, Zürich, Switzerland
Duties: As part of the ATLAS Programme, the Integrated Economic and Traditional Valuations (IETV) project you will have the opportunity to be a part of software development that has the potential to become the new industry standard for Re/insurance. As an L&H Actuary, you will be part of the team providing L&H traditional and non-traditional actuarial expertise and advice in order to gather all relevant data requirements to help design the integrated valuation engine for L&H business of the Reinsurance Business Unit. You will be a member of a multidisciplinary team consisting of Accounting and Actuarial Business Experts, an Information Architect, Business Analysts and Developers
Requirements: Several years L&H actuarial/accounting financial reporting experience - Good understanding of at least one traditional valuation and reserving for L&H business (e.g. US GAAP, Statutory valuations) - Good understanding of at least one economic valuation framework for L&H business (e.g. EVM, Solvency II, IFRS 17, new US GAAP) - In-depth experience working together with accounting experts and other experts involved in the L&H accounting and reporting process, with a good understanding of the end to end reporting process; Experience with developing data models and working closely together with information and business analysts a plus but not necessary; good communication skills in English
   
Text: Actuary L&H Functional Team About the roleAs part of the ATLAS Programme, the Integrated Economic and Traditional Valuations (IETV) project you will have the opportunity to be a part of software development that has the potential to become the new industry standard for Re/insurance. As an L&H Actuary, you will be part of the team providing L&H traditional and non-traditional actuarial expertise and advice in order to gather all relevant data requirements to help design the integrated valuation engine for L&H business of the Reinsurance Business Unit. You will be a member of a multidisciplinary team consisting of Accounting and Actuarial Business Experts, an Information Architect, Business Analysts and Developers. The team will be responsible for the design and implementation of an efficient and effective integrated production across all valuations for L&H and P&C (Cross Reinsurance). Primary responsibilities - Communicate documented requirements effectively to SAP and ensure they are implemented as specified with robust testing - Depiction of current requirements for traditional (US GAAP and Statutory) and all economic valuations (EVM, S2, SST) for L&H in an integrated logical data model - Gap analysis of current L&H base line data to allow for integrated and automated production (based on integrated L&H logical data model) - Develop end-to-end double entry book keeping approach for all L&H valuations (across all time dimensions) - Support the development of business requirements in the form of Use Cases/Functional requirements to be provided to SAP for cross reinsurance accounting requirements - Ensure that governance and quality standards and policies are adhered to specifically as it relates to the documentation of the Use Cases/Functional requirements across the various functional areas - Working with actuarial stakeholders and other providers of data to the financial statements, to build the link from the input data to the sub-ledger - Identify and solve dependencies to other functional areas within IETV project - Participate in all relevant IETV project meetings and meetings of L&H functional lead - Support the change management process with stakeholders. About the teamThe ATLAS Finance Transformation Programme is a multi-year program, which will significantly enhance the financial accounting and reporting operating model and platform for Finance Reinsurance. Within the program, the Integrated Economic & Traditional Valuations Project (IETV Project) aims to develop and implement a new sub-ledger platform in cooperation with SAP for economic and traditional financial accounting, reporting and steering. The new sub-ledger will cover L&H, P&C and Investment assets and liabilities. About YouSeveral years L&H actuarial/accounting financial reporting experience - Good understanding of at least one traditional valuation and reserving for L&H business (e.g. US GAAP, Statutory valuations) - Good understanding of at least one economic valuation framework for L&H business (e.g. EVM, Solvency II, IFRS 17, new US GAAP) - In-depth experience working together with accounting experts and other experts involved in the L&H accounting and reporting process, with a good understanding of the end to end reporting process - Proven track record in successfully working in large projects, as well as working in cross-functional and -organizational teams - Proven ability to develop simple and robust solutions for complex problem areas; very strong passion to work in R&D type of environment and open-minded - Experience with developing data models and working closely together with information and business analysts a plus but not necessary - a high degree of personal accountability - strong delivery focus as well as analytical capabilities - good communication skills in English - willingness to travel to Walldorf, Germany. About usThis is your opportunity to join one of the world's leading reinsurers. Our reinsurance business at Swiss Re is about understanding and analysing the major risks that concern the world - from natural catastrophes to climate change, from ageing populations to cybercrime. We combine experience with expertise and innovative thinking to create new opportunities and solutions for our clients. And we enable the risk-taking essential to enterprise and progress. This is only possible with around 10,000 truly exceptional Swiss Re people across our group worldwide. Take a risk worth taking. Register and apply at www.swissre.com/careersReference code: 36881Location: Adliswil Register and Apply
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