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Life Reserving Actuary/Consultant 50-80% (m/f/d)

Standort Zürich, Schweiz Art der Arbeit Teilzeit Arbeitsform Hybrid Job level Berufserfahrene Job ID 12444 Unternehmen NewRe Anstellungsart Unbefristet Fachbereich Finanzen, Rechnungswesen und Controlling
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New Reinsurance Company Ltd. (NewRe) is a Swiss reinsurer founded in Zurich in 1926. As a company within the Munich Re Group, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of intelligent reinsurance products and services to help our clients stay competitive - from traditional reinsurance coverages, to niche and specialty products. Our clients highly appreciate our swift and pro-active approach when responding to their needs and market developments.

Reporting to the Head of Reserving/Appointed Actuary (“AA”), the successful candidate will become part of a motivated and open-minded small team that takes pride in a flexible work mode which is based on trust and support.

Your responsibilities

  • Life Reserving function for local GAAP within the Reserving department
  • Help in collecting, analysing and reviewing the valuation of life technical liabilities from the various Munich RE life units doing business with NewRe
  • Support the adequacy assessment of life reserves under local GAAP (Swiss Statutory Reserves) and assist the reserving team in any necessary adjustments
  • Contribute to IFRS17 analysis related to life liabilities, in respect to the connection with the Local GAAP reserves.
  • Assist with the preparation of quarterly life reserving discussions
  • Support the annual life reserving audits if needed
  • Support the new business acquisition process in regard to life reserving considerations under the Local GAAP accounting standard
  • Cooperate and exchange with NewRe and Munich RE group functions as appropriate
  • Assist the reserving team with automation projects and global projects as they occur, as well as with regulatory responsibilities

Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role.

Your profile

  • University degree with quantitative focus (e.g. mathematics, actuarial science, accounting or economics)
  • At least 3-4 years’ experience in life insurance or life reinsurance (an experience in Life reserving/reporting is desirable)
  • Good knowledge of the Accounting standard and valuation basis (Swiss CO, IFRS17, Solvency II)
  • Good knowledge of Insurance Technical Accounting (P&L, Balance Sheet)
  • Good reporting and analytical skills
  • Experienced in MS Office, especially Excel (Power Query and VBA skills)
  • Self-starter, ability to work independently, and take responsibility
  • Valuing and promoting an inclusive working and learning environment
  • Good command of English

Your future benefits

Our employees are our greatest asset. We therefore offer them a wide range of benefits and a modern working model appreciating its positive impact on our business achievements and personal wellbeing:

  • Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better
  • Compensation: our commitment to equal treatment of all employee is reflected in our pay practice that has been awarded the attestation for equal pay by Willis Towers Watson (following the Swiss Federal Act on Gender Equality)
  • Work-life balance: promoting the compatibility of family and work throughout flexible hybrid working model
  • Continuous learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
  • Health management: focus on your physical and mental health far beyond legal requirements

To learn more about us, check out www.newre.com. If you embrace challenges and want to grow with our customers and partners, we look forward to receiving your application.

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