Head of MCEV Modelling, 80-100%

Posted on Nov 22, 2019 by Zurich Insurance Company Ltd

Zürich, Switzerland
Immediate Start
Annual Salary

In this role you will lead the MCEV Modelling team of 5 senior actuaries and be accountable for the accuracy of the actuarial cash flow models. This role involves challenging current MCEV models and processes, designing and implementing model enhancements (including features required by IFRS 17) and participating in quarterly reporting activities. You will have a unique opportunity to extend your proven skills in life actuarial techniques and develop your IFRS 17 expertise.

Your Role

As the Head of MCEV Modelling your main responsibilities will involve:

  • Review and enhance the existing Prophet models for both Individual Life and Group Life
  • Review and enhance current MCEV processes and controls
  • Design and implement both new products and new features into the existing actuarial cash flow models
  • Assess impacts on economic metrics from updating assumptions
  • Take an active part in the actuarial design of IFRS 17 and in its implementation into existing models and processes
  • Timely and accurate report of quarterly actuarial economic metrics, i.e. MCEV, new business value, sensitivities, Swiss Solvency Test, IFRS 17
  • Provide business insights to the management
  • Support senior management with ad-hoc analysis
Your Skills and Experience

As the Head of MCEV Modelling your skills and qualifications will ideally include:

  • University Degree in actuarial sciences, mathematics, physics
  • Qualified Actuary (SAV or similar qualification)
  • Minimum of 7 years of relevant business experience
  • Excellence competences in Prophet modelling (including ALS) are essential, other programming skills allowing for designing and implementing innovative solutions are a strong plus
  • Proven experience in actuarial reporting, preferably in MCEV
  • Strong people management skills
  • Project management experiences in an agile environment
  • Fluent in English and German (verbal and written)
  • Solid technical knowledge of Swiss insurance products, Swiss accounting and reserving guidelines and practices
  • Strong technical and problem-solving skills allowing for the holder of the role to effectively carry out model enhancements and analysis of the business

Reference: 800636424

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