P&C Appointed Actuary
Swiss Re
Toronto, ON
About Swiss Re

The Swiss Re Group 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. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally. It is organized into three Business Units, each with a distinct strategy and set of objectives contributing to the Group’s overall mission.

About the Role

Are you an experienced P&C actuary looking for an excellent opportunity to further develop your career within an international business environment? Are you passionate about contributing to the success of a highly motivated, engaged and multi-cultural team of reinsurance specialists?

We are looking for an actuary to fulfil the following responsibilities:

Perform quarterly review of P&C loss reserves for Swiss Re's Canadian Operations (Property & Casualty), including Swiss Reinsurance Company Ltd, Canadian Branch and Westport Insurance Corporation, Canadian Branch (collectively the "Canadian Branches")
Reserving reviews to cover US GAAP, Canadian Statutory/IFRS reserves, as well as Swiss Re's proprietary Economic Valuation Methodology
Make recommendations to appropriate reserve committee, as well as to senior management of the Canadian Branches – Chief Agents, CFO, CRO
Manage the actuarial team in Canada currently consisting of two senior actuaries
Assume the duties and responsibilities of the Appointed Actuary as required by regulators (OSFI), and the Canadian Institute of Actuaries, including providing the appropriate statutory reports and actuarial opinions for the Canadian Branches
Complete DCAT for Canadian Branches
Work with regulators and internal/external auditors on routine and special matters
Provide reserving support for US and Latin America reserving as needed
Support transition to IFRS for the Canadian Branches, working closely with local and global project teams and across Finance, Actuarial Management and IT
Represent Canada on Swiss Re global actuarial and data analytics initiatives.
About the Team

You will be leading the Actuarial and Reserving P&C Canada team, reporting into the Head Actuarial & Reserving P&C Americas.

About You

Qualified Actuary (FCIA) with a minimum of 5 years post qualification
Experience in a Property & Casualty insurance
Excellent knowledge of Canadian statutory and regulatory environment
Excellent project management skills
Strong interpersonal and communication skills demonstrating a clear and articulate standard of written and verbal English communication in a complex environment
Excellent business sense and appreciation of sound risk management techniques
Proactive in seeking out and providing information
Actively looks to add value and take on additional responsibility
Ability to work under pressure and prioritize tasks accordingly.
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.

Reference Code: 86040