Corporate Actuarial Analyst Job in Bangalore at Swiss Re
About The Role :
We are looking for an ambitious person looking for a new challenge, on the implementation of new financial reporting and new systems requirements. The role is to support the implementation of changes required for IETV, IFRS17 and USGAAP, to test the new systems, analyse financial impacts and support the BAU teams to adopt the new system and processes.
IETV is an Industry new multi-valuation financial reporting platform being introduced by Swiss Re, initially for IFRS17
IFRS17 is the new international insurance accounting standard being adopted by various L&H entities within Swiss Re with first reporting to regulators in 2021/2022.
How Swiss Re publishes its financial information for investors will change as a result of new USGAAP Long Duration reporting requirements from 2021
The Role Will Involve :
Financial impact analysis from system changes, methodology changes and regulatory changes (IFRS17 and USGAAP)
Testing and signoff of system/process improvements in both the actuarial landscape and downstream in IETV itself, before they go into Production
Liaising directly with L&H IT and Finance IT, regional actuarial teams, IETV, IFRS and USGAAP project teams, and other stakeholders as required
Working with other Global Actuarial Systems and Process colleagues, to ensure these changes are complementary to other changes being made as part of the wider Actuarial Transformation initiative (BM2020)
Support BAU teams as part of the final testing, training and rollout phase.
Run the quarterly financial reporting process for the calculation of the new US GAAP reserves
About You :
Experience of actuarial/finance system or process development preferred
Actuarial valuation experience in L&H preferred
Ability to balance theoretical requirements with pragmatic solutions
Someone who can perform in a diverse multi-project, multi-region team environment
Someone who is keen for the challenge of navigating the ambiguity of new systems and new reporting requirements.
Prophet or any other actuarial model working experience is preferable
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