Associate Financial Analyst III

About the role:

You will be a part of a pool of analysts and will be responsible for analyzing the financial performance of the Business Unit Life & Health Reinsurance (BU L&H Re). We support our leading client managers and underwriter in managing and steering their client relationships and portfolios. Within your role, you will be initially focusing on either a specific region, resp. Client segment (Americas / EMEA / Asia / Global).

The core activities of the Financial Analyst in the Life & Health (L&H) FP&A team include:

• Liaison with Finance Operations on quarterly L&H projections process. Based on market unit submissions, review, and steer management from analysis of significant variances between Actuals, Projections and Plan  

• Work in close collaboration with colleagues in Finance Operations, Valuation & Analysis and Underwriting on topics related to the analysis of deals in pipelines, renewal data etc

• Business partnering with stakeholders/client markets by communicating key performance metrics to business in a way that is easily understood by people not dealing on an every-day basis with data/reports

• Assist to streamline activities as required for IFRS17 implementation for Finance, by having full understanding on the flow of the end-to-end business and finance operations, ledger closing and financial reporting (e.g., New Business and Business Plan)

• Analyze market, client, and underwriting portfolios' performance, explain performance drivers, and regularly work on quickly emerging ad-hoc tasks

• Involve in the analysis of IFRS business results and outputs from the reporting system, ensuring consistent valuation is observed as compared to the analysis performed under the Business Impact workstream

• Support on carving out the plan numbers for the next year in coordination with the Client Markets, BU FP&A, Valuation and Pricing Team.    

About the team:

L&H FP&A drives sustainable performance as Performance Architect and Commercial Advisor of the BU by crafting transparency on the financial performance, driving performance strategy, enabling resource & capital allocation, supporting performance initiatives, and providing commercial advice. Within L&H Finance, Bangalore team is an integral part and supports the global FP&A functions through data management, performance analysis and reporting, forward-looking modelling, and analytics. The financial analyst is a key role within an agile and driven team, providing the opportunity to delve into financial performance data managing key stakeholder data requests

About you:

• Qualified Chartered Accountant/CFA, MBA (Finance)

• Successfully completed university degree, preferably in Mathematics, Actuarial Science, Finance or equivalent

• 7+ years work experience in FP&A preferably in Life and Health (Re)insurance (Prior experience in Insurance Industry will be a mandatory requirement)

• Basic understanding of financial reporting process or familiarity of the GAAP, IFRS and EVM accounting frameworks is preferable

• Strong curiosity about/motivation to learn about insurance/reinsurance

• Insurance products risk selection and risk reward framework understanding is preferable, Actuarial education is a plus

• Proficiency in MS Office applications (Excel, PowerPoint, Word, Access)

• Finance: source of earnings, income statement and balance sheet understanding / experience is preferable

These are additional nice to haves:

• Mature & self-confident; Able to work with internal clients, business partners or senior colleagues

• Approaches problems with curiosity and open-mindedness, fast learner

• Capacity to readily adapt to a changing and dynamic environment

• Team-player, willingness to contribute actively to the overall team spirit

• Ability and enthusiasm to work in a global and multicultural environment

• Very good communication and interpersonal skills

• Ability to express him-/herself effectively in one-on-one conversations and small groups

• Strong analytical skills and ability to focus on details without losing track of the bigger picture

• Strong analytical/data processing skills and methodological/conceptual understanding

• Ability to work independently and in conjunction with others.

• Excellent organizer, flexible and able to work optimally under tight timelines

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

About Swiss Re

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.

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