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
Additional Information
Work location is Zürich.
The travel requirement is up to 5%.If you value an exciting and varied working environment and meet the above requirements, then we look forward to receiving your application by clicking on the button “Apply online”.
You can find additional information about Zurich as an employer on ourcareer site. Here you will find further information on ourcandidate journey.
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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 210 countries and territories 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 foster a culture of diversity and inclusion. Our purpose and values are designed to protect, inspire confidence and help our employees reach their full potential. We value and defend what is right and promote opportunities for equity among our professionals, regardless of gender, disability, LGBTQ +, race, ethnicity, generations, belief, etc. Our talent acquisition and hiring processes respect this commitment daily. Join Zurich and be part of this culture.
Zurich accepts no applications from recruitment agencies for this position. We therefore request that recruitment agencies do not submit any candidate documents neither via our employees nor through our online career portal. We refuse any responsibility for unsolicited applications as well as any associated fees. Thank you for your understanding.