About the Role
This is a compelling opportunity for a qualified Fellow (or experienced Associate) of the Society of Actuaries to join Swiss Re's In-Force Management (IFM) team and play a central role in actively managing and optimizing the Americas Life & Health in force block, with a primary focus on the US portfolio. In Force Management's mission is clear: defend and enhance the value of Swiss Re's Life & Health in force business. In support of this mission, you will develop actionable portfolio insights, design and execute value-accretive in force actions, and manage ongoing in force maintenance requests with discipline and responsiveness. In force actions create value through CSM generation, derisking underperforming business, and delivering capital and capacity relief. This role offers rich technical development, deeper understanding of reinsurance treaty terms, meaningful client interactions, and the opportunity to sharpen your project management, negotiation, and communication skills.
Responsibilities
- Proactively identify and assess potential in force opportunities using a variety of tools, including the Portfolio Health Database and the Stargate big-data platform
- Advance the use of dashboard analytics, actuarial modeling, and AI tools to enhance portfolio understanding, and recommend and prioritize actions
- Partner with the US Market Unit on WISER responsibilities by monitoring treaty-level loss ratios and emerging performance trends
- Develop in force portfolio communication materials for clients and internal stakeholders to deepen understanding of the portfolio and any recommended actions
- Build and apply in force costing capabilities through live transaction experience
- Conduct calibrations using seriatim experience studies to calibrate deal-level actuarial assumptions for rate reviews and recaptures
- Leverage Valuation AXIS models, perform model reviews, and conduct model validation exercises
- Structure commercially sound and innovative in force actions
- Support internal and external negotiations, presentations, and decision-making forums
- Collaborate with subject matter experts across a range of in force topics, including Client Markets, Products, Contracts, Valuation, Finance, Legal, Reinsurance Admin, Risk Management, and the broader In Force Optimization team
- Clearly communicate in force strategy, prioritization, and trade-offs to diverse audiences
- Advance the deal pipeline with cross-functional teams from origination through treaty execution
- Prioritize and address internal and client in force requests for non-contractual treaty changes and exceptions
- Evaluate and respond to client-initiated contractual recaptures
- Understand ceding client perspectives and help identify reasonable alternative solutions when necessary
Requirements
- 5+ years of experience in life insurance or reinsurance, with direct exposure to in force management, pricing, or portfolio optimization
- FSA designation, experienced qualified ASA, or equivalent actuarial designation
- Actuarial modeling proficiency, including experience with financial analysis, performance monitoring frameworks, and familiarity with GGY AXIS modeling software
- Strong understanding of IFRS-17 accounting framework as applied to L&H business
- University degree in Actuarial Science, Mathematics, or a related field
- Experience working with big-data platforms (e.g., Stargate or similar) and advanced analytics or AI tools
- Familiarity with reinsurance treaty structures and in force transaction mechanics, including recaptures and rate reviews
- Experience conducting seriatim experience studies and calibrating deal-level actuarial assumptions
- Demonstrated ability to develop and present recommendations to senior leadership and external clients with clarity and confidence
- Proven track record of cross-functional collaboration in complex, matrixed organizational environments
- Experience with client-facing negotiations or commercial structuring of in force actions
Skills
- Analytics
- Strategy
- Client Impact
- Actuarial Modeling
- AI Tools
- Dashboard Analytics
- Project Management
- Negotiation
- Communication
Location
- Fort Wayne, IN
- Chicago, IL
- Kansas City, MO
- Armonk, NY
Work Type
- Hybrid
Experience Level
- 5+ years
Education Level
- FSA designation
- ASA designation
- University degree in Actuarial Science, Mathematics, or a related field
Salary/Compensations
- $146,000 to $244,000
- $156,000 to $256,000
About the Company
- 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 15,000 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.
Equal Opportunity
- Swiss Re is an equal opportunity employer.
- It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law.
- Decisions on employment are solely based on an individual's qualifications for the position being filled.
- During the recruitment process, reasonable accommodations for disabilities are available upon request.
- If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.
