Corporate Actuarial Analyst

1 month ago


Bengaluru, Karnataka, India Swiss Re Full time

About the Role

  • Involvement in Quarterly Production and Reporting processes with the Bangalore team and discuss the results and issues with Canada team
  • Preparation of Change of Basis (COB), FMS Assumptions files and CRR systems (Swiss Re systems & tools) to produce reserves for various lines of business and reconcile numbers with different interfaces
  • Load actuarial inputs into ADAM and review of valuation results, perform ADAM Routines and CRR processing and ensure that results look reasonable along with the preparation of Actuarial controls and acquire relevant signoff
  • Perform Valuation and IFRS17 based data checks and reconciliations of results with downstream systems and ensure to raise issues in due time and get them to a closure and validations for all Quarterly Valuation Production delivery
  • To prepare vital controls, dashboards related to production work, financial statements, reports, and exposures for internal & external reporting in a timely manner
  • To actively support yearly sensitivities (FCR, MPS, Mortality etc.) and any ad-hoc deliverables as per business requirements
  • To support on UAT changes, VRA initiatives and other system testing
  • Facilitate sign-off of final work product by the Bangalore team within agreed upon confidence levels
  • To systematically log, communicate and manage issues found until they have been resolved. This will involve cross-cultural coordination and cooperation across regions and Central teams.
  • Detailing system and process related changes on regular basis
  • Simplification of work process through automation to bring in process efficiency

About the Team

The Canada Valuation team in Bangalore primarily deals with Canada L&H Valuation, Reporting & Projects and is a part of Risk Management unit. This team is a mix of energetic, professional and motivated individuals who strive to deal with complex situations using innovative approaches to deliver within the deadlines. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally. In our inclusive and flexible environment everyone can bring their authentic selves to work which cushions pro-active engagement with the individuals within the team and outside to improve the processes and overcome challenges. We have always made sure to provide all the support to junior and new members of the team by providing sufficient training & guidance to become more independent and confident in the organization.

About you

  • Strong data organization and analysis skills
  • Excellent oral and written communication skills
  • Should be able to partner with team sitting in Toronto given time differences
  • Good team player
  • Strong learning motive with steady progress in Actuarial Exams
  • Strong critical thinking skills
  • Proficiency in working with Spreadsheet and Database packages
  • 0 to 1+ years of experience

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 with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace 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.


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Reference Code: 129742



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