The Opportunity (Description of the opportunity working for Swiss Re in Bangalore)
- Make a difference in your career with one of the biggest reinsurance companies in the world with 12,000+ diverse set of employees in over 60 offices globally
- Our location at the heart of Bangalore has been witnessing balanced growth the kind of growth characterized by the sophisticated and differentiated value delivered to the business
- This is your opportunity to join a high-performing team, working in tandem with the actuarial talent pool and other business functions co-located in our set-up in Bangalore
- The position is part of the Financial Modelling team within wider Treasury department and reports into the Head of Financial Modelling team Bangalore
- We are looking for an Associate Financial Analyst who continuously looks out for modelling improvements, takes ownership of multiple IFRS based Financial Plan production processes for Reinsurance Business Unit, and who serves as a credible business partner on all related matters to the wider organization
About the Role : Position summary & Main tasks / activities (short and precise definition of the role and most important activities listed)
The Core Activities Of The Analyst Will Include
Support of tasks specific to refinement / (re)design, testing and implementation of IFRS 17 Simulation Model (ISM) which is used for the creation of IFRS 17 Financial PlanSupport on refinement / redesign, testing and implementation of BU Planning toolsOperation of Financial model & Planning tools used for the construction of IFRS based Financial Plan for the various Business UnitsDuring plan production phase, investigating the root cause analysis of various technical queries, i e movements and deviations of figures, raised by stakeholders and providing solutionsOwnership of various planning related tasks including ad-hoc financial assessment and analysis on the business cases for plan, execution of various controls etc , ensuring issues are raised appropriatelySupport and optimize our operational and governance framework to ensure tasks are conducted optimallyAbout the Team (Description of the team and context into which the role sits in)
We are the Financial Modelling TeamWe are an integral part of the FP&A Infrastructure, Automation & Costs (FIAC) team and sit within the Treasury DepartmentWe work in close collaboration with the Group finance functions and BU RE FP&A teams on significant topics related to IFRS based Financial PlanWe jointly own the refinements / updates to the IFRS 17 Simulation Model (ISM) as well as Planning tools with the aim of making the FP&A systems and processes up to dateThis includes both, the operation and the continued improvement of the modelling tools used for IFRS based Financial PlanningIn this regard, we are exposed to significant opportunities to shape the associated processes, systems, and metricsAbout you : (education, linguistic ability, professional experience, leadership qualities, and soft skills)
General
Overall, 1-5 years of working experience in quantitative sciences such as actuarial or finance functions within (re)insuranceCFA / CA / Actuarial professionals from acknowledged society / alternatively experience in annual financial planning and analysisIntellectual curiosity with eagerness to improve financial modellingExcellent command of spoken and written EnglishSpecific Technical Skills
Conceptual understanding of IFRS 17 (or similar economic framework)P&C or L&H (re)insurance domain expertiseExcellent understanding of financial statements and hands-on experience of financial modellingExceptional command of MS office tools including advanced skills in Excel and good PowerPoint skillsHands-on experience on Python will be an added advantageSpecific Soft Skills
Highly motivated individual who can think analyticallyAbility to work in a highly collaborative and multicultural team environment, under pressure and on multiple and conflicting prioritiesCollaborative and balanced personality that can handle ambiguity and deliver consistent performanceAble to challenge the status-quo, exercise business judgementAbout Swiss Re
Swiss Re is one of the worlds leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilientWe anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrimeWe cover both Property & Casualty and Life & Health combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clientsThis is possible thanks to the collaboration of more than 14,000 employees across the worldOur success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinkingWe 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 characteristicsIn our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainabilityIf 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 experienceRole : Financial Analyst
Industry Type : IT Services & Consulting
Department : Finance & Accounting
Employment Type : Full Time, Permanent
Role Category : Finance
Education
UG : Any Graduate
PG : Any Postgraduate
Skills Required
Ms Office Tools, Quantitative, Financial Modelling