Junior Corporate Actuary

1 week ago

Johannesburg, South Africa Swiss RE Full time

Imagine a role where you can progress your actuarial career, work closely with actuarial experts and directly contribute to a success of the company.

**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

**A**bout 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:

- 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

LI-Hybrid

**About Swiss Re Corporate Solutions**

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces 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**:126053

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