We are delighted to present this opportunity for an experienced actuary, fluent in English, to work from Zurich on the internal model development for the global life insurance business of our client, an international composite insurer.
As a key member of the Group Life Actuarial team you will be responsible for the implementation and development of various internal model actuarial methodologies and processes across the Life segment in response to regulatory changes under the Swiss Solvency Test (SST) regime.
In this permanent position, you will have an outstanding opportunity to contribute to key work streams developing the Swiss Solvency Test internal model processes, in particular in relation to the enhancement of the actuarial governance and process for determining the market-consistent value of liabilities and their sensitivity to key risks inherent in the underlying portfolios.
You will also identify, propose and implement changes to similar economic valuation frameworks such as MCEV, Solvency II and other internal metrics in order to ensure these processes remain closely aligned. You will have the chance to shape and influence the development of the actuarial function in respect of the regulatory changes to the SST and gain detailed, first-hand insights into related processes, from a truly global perspective.
You will deliver insightful analysis and justifications to support the embedding of the approaches you develop. In so doing, you will need to build effective working relationships with diverse teams across the Group.
You hold an Actuarial Qualification and you have at least 5 years of relevant experience in Life insurance in Switzerland or abroad, ideally with experience implementing medium- to large-scale actuarial change; experience in respect of implementing changes in respect of SST, Solvency II or similar economic solvency regime is a distinctive advantage, but also strong knowledge and experience of one or more economic solvency regimes e.g. Swiss Solvency Test, Solvency II or economic valuation frameworks e.g. MCEV would also be an advantage
Contact our international Actuarial recruitment team to express your interest and have a confidential conversation.