In-Force Management Actuary

Are you a commercially minded actuary who thrives at the intersection of analytics, strategy, and client impact? Do you want to go beyond the numbers and actively shape the financial performance of a global reinsurance portfolio? This role offers the opportunity to make a meaningful difference within Swiss Re's In-Force Management team.

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. You will play a central role in actively managing and optimizing the Americas Life & Health in-force block, with a primary focus on the US portfolio. The IFM mission is to defend and enhance the value of Swiss Re's Life & Health in-force business.

You will develop actionable portfolio insights, design and execute value-accretive in-force actions, and manage ongoing in-force maintenance requests. 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 project management, negotiation, and communication skills.

Responsibilities

• In-Force Portfolio Understanding
  • Proactively identify and assess potential in-force opportunities using tools like 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, 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.
• In-Force Costing Capabilities
  • 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.
• Cross-Functional Collaboration
  • Collaborate with subject matter experts across 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.
• Client Requests and Engagements
  • 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.

About the Team

The L&H In-Force Management team is part of Swiss Re's broader L&H In-Force Optimization global team. This collaborative, high-impact group partners closely with Market Units worldwide to identify opportunities and execute actions that strengthen the performance, resilience, and growth of the global L&H in-force portfolio. The In-Force Management team holds specific accountability for the US and Canada portfolios, driving performance improvement through treaty-level actions and negotiations.

The team works hand-in-hand with the US and Canada Market Units to enhance portfolio quality while preserving and strengthening valued client relationships. You'll join a team that combines deep technical expertise with a strong commercial mindset and a genuine commitment to collaboration.

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.

Qualifications

These are additional nice-to-haves:

• 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.

Benefits

Swiss Re takes a "total compensation approach" when making compensation decisions, considering all components of compensation in their totality (such as base pay, short- and long-term incentives, and benefits offered).

Pay

The estimated base salary range for this position is:

• $146,000 to $244,000 for Fort Wayne, IN; Chicago, IL; or Kansas City, MO.
• $156,000 to $256,000 for Armonk, NY.

The specific salary offered will take into account factors including job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget.

Schedule

This role follows a hybrid work model, with an expectation of being in the office three days per week, every week.