As a key member of the Group Actuarial Life Methodology and Development team you will support the development and implementation of the actuarial methodology and processes in respect of the life insurance risk modelling across the Life segment primarily for the purposes of calculating the risk adjustment under IFRS 17.
In this temporary position, you will have the chance to gain detailed first-hand insights into the modelling of insurance risks within Zurich's internal capital model, from a truly global perspective, delivering insightful analysis to support the embedding of the methodology developed for risk adjustment purposes. In so doing, you will need to build effective working relationships with diverse teams right across Zurich.
As a Life Risk Actuary - IFRS 17 your main responsibilities will involve:
Providing actuarial support in respect of the extension and development of the life insurance risk modelling and parameterisation in respect of the Group's Internal Economic Capital model to calculate the risk adjustment under IFRS 17
Reviewing, adapting and developing existing actuarial methodology and related template tools in respect of life insurance risk capital model to produce the risk adjustment
Collaborating with local teams and group functions to support global implementation of the risk adjustment methodology
Keeping abreast of latest industry developments and best practice on determining and parameterizing the risk adjustment to inform the development of the methodology
As a Life Risk Actuary - IFRS 17 your skills and qualifications will ideally include:
A minimum of 5 years' actuarial experience in life insurance or reinsurance either in a life office or consultancy
Prior experience of internal model development, calibration or validation, in respect of life insurance risks under the Swiss Solvency Test or Solvency II regime is desirable
Strong background in financial economics, statistics and / or actuarial science
Sound knowledge of the IFRS17 accounting standard, specifically the risk adjustment
Sound knowledge of risk and capital management techniques and theory
Fluent English and strong communication skills, both written and oral
Strong organizational skills and ability to cooperate with different Group and Local functions
Highly cooperative, flexible, and enthusiastic team-player with strong sense of responsibility and adherence to deadlines
Excellent analytical and organizational skills
Who we are
Zurich is a strong brand - more than 1.4 million Swiss customers place their trust in our products and services. Our 53,000 employees worldwide form the basis of our success, helping our customers in 170 countries to understand and protect themselves from risk. In order to deliver our services, we offer our employees flexible working models and interesting opportunities for further training & development. As a Zurich employee, you benefit from a multitude of advantages as well as a strong culture, characterized by acceptance, diversity and team spirit.
At Zurich we are an equal opportunity employer. We attract and retain the best qualified individuals available, without regard to race/ethnicity, religion, gender, sexual orientation, age or disability.
Information for recruitment agencies
Zurich accepts no unsolicited applications from recruitment agencies for this position. We therefore request that recruitment agencies do not submit any candidate documents either via our employees or through our online career portal.
We refuse any responsibility for unsolicited applications as well as any associated fees. Thank you for your understanding.