Appointed Actuary Korea Branch

About the Role:

Reporting to Head L&H Valuation HK, TW & Korea, you will be accountable for all valuation work in the Korea market and expected to step up to Appointed Actuary for Swiss Re Korea Branch subject to regulatory approval.

Your main responsibilities include:

• Appointed Actuary duty as required by Korean regulator (FSC/FSS), ensure compliance with regulations.
• Represent the Korea branch during interactions with regulators and relevant authorities
• Monitor regulatory changes affecting actuarial practices and communicate with regulator on Swiss Re's position
• Responsible for quarterly reserving and reporting deliverables for all basis that Swiss Re Korea reports (Group IFRS17, Singapore IFRS17, Korea IFRS17, Korea Solvency - KICS, Singapore Solvency, Swiss Statutory)
• Review the balance sheet and earnings under IFRS17 and provide valuation insights to senior management/market unit.
• Provide strategic guidance and support on actuarial issues related to statutory and financial reporting.
• Go to person between external auditors and internal stakeholders to ensure smooth audit process.
• Communicate issues/challenges with senior actuaries or stakeholders on time.
• Collaborate closely with local finance to explain and deliver statutory filings.
• Lead and mentor a team of actuaries based in both Seoul and Bangalore. Be a role model to guide and develop team and junior talents, by setting the right culture and best practice.
• Streamline and continuously improve upon existing processes.

(Management retains the discretion to add or change the duties of the position at any time.)

 About the Team

The L&H Valuation & Analysis team for Swiss Re Asia is responsible for delivering timely actuarial valuation, reporting and analysis activities for all L&H reinsurance business written in Asia. The team is part of the Global L&H Valuation & Analysis team, and eventually comes under the wider remit of L&H Risk Management. 

About You:

•     A minimum of 10 years of actuarial work experience, with at least 7 years in the Life & Health (L&H) sector (preferably valuation), and 3 years in the Property & Casualty (P&C) 

·        Must be a Qualified Korea Actuary. Other fellowship from internationally recognized actuarial body would be considered as an advantage but is not a must.

·        Hands-on and technically skilled. Be able to and willing to independently handle groundwork (e.g. spreadsheet, deck, document) without junior support.

•     Good understanding of IFRS 17 and Korea statutory basis (K-ICS).

·        Excellent interpersonal, communication, influencing and people management skills.

·        Proficient in both Korean and English

·        Must fulfill the criteria specified under Article 184-2 (Eligibility Requirements for Appointed Actuaries) of the Insurance Business Act.

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.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.