Portfolio Management Actuarial Analyst

3 weeks ago


Kuala Lumpur, Malaysia Swiss Re Full time

Portfolio Management Actuarial Analyst

**About the Team**

The Portfolio Management (PM) team forms part of L&H Portfolio Steering & Monitoring (PSM) within the Chief Underwriting Office (CUO). The PSM purpose is to generate insights and connect our business to proactively steer L&H in delivering sustainable profit. Portfolio Management APAC covers seven markets - Australia & New Zealand, China, Hong Kong & Taiwan, Japan, Korea, South East Asia and India.

As part of APAC PM team, this role reports to the Head L&H Portfolio Management JKSI and working closely with other team members. Whist this role will support the JKSI markets, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to Asia and Global Directors. In addition, the team works closely with other departments in L&H Community, including Pricing, Client Markets, Claims, Valuation, and Finance.

Key Responsibilities

1) Portfolio Management: actively participate and support the team's responsibilities to provide high quality deliverables, engage and closely collaborate with Market Units, other internal partners and external clients to perform effective management of the inforce portfolios.

2) Smart Circles: actively support the establishment and facilitation of Smart Circles, by providing portfolio insights and proactively steer management actions in delivering sustainable profit.
- Identify and monitor key portfolio risks, rate review triggers and financial KPIs to ensure timely action is taken when necessary
- Identifying early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the inforce and ensure its sustainability
- Facilitate the feedback loop process, ensure alignment and effective information flow between relevant cross-functional teams

3) Driving initiatives on the inforce portfolio to maximize value and manage risk. This includes:

- Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance.
- Reprice reviewable rate treaties and/or provide technical peer reviews.
- Complete quantitative experience analysis and valuation for recaptures or non-contractual change on the inforce
- Driving initiatives on the inforce to deliver on key financial KPIs and inforce solutions

4) Experience Monitoring:

- Manage the production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other.
- Act as a key input provider for business steering and in-force management via monitoring experience and communicating lessons learned and reserving implications to key stakeholders
- Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary.

5) Inforce Referrals and Transactions:

- Support the team leader in providing referral review and approval on client treaty recapture and re-pricing activities requiring PSM/CUO sign-off based on defined referral governance authority
- Support for transactions both pre-deal as key business bound representatives, and post deal onboarding implementation
- Ensure new business is onboarded appropriately considering its risk profiles and materiality. This includes developing operating manuals for large complex deals that define clear roles and responsibilities in the ongoing management and reporting of new business.

6) Support Group wide and regional projects as required, including other priorities of the L&H PSM team.

**About You**
- Actively pursuing, nearly qualified or qualified actuary with a recognised Actuarial professional body
- Minimum 3 years of L&H valuation or pricing experience in reinsurance or primary insurance
- Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis).
- Working knowledge of IFRS 17 financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV).
- Strong analytical skills, good understanding of financial reporting systems, actuarial models and data management
- Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes.
- Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus
- Excellent interpersonal, communication and organisational skills
- Ability to liaise with various stakeholders on different in-force management initiatives.
- Ability to navigate in ambiguity and to work autonomously.
- Fluent in written and spoken English, multilingual is a plus.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

**About Swiss Re**

Swiss Re is one of the world's leadi


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