Senior Financial Analyst I

The Opportunity

Make a difference in your career with one of the world's leading reinsurance companies, with 12,000+ employees across more than 60 global offices.

Swiss Re's Bangalore office has seen consistent growth, driven by high-value contributions to the business. This is your opportunity to be part of a high-performing team, collaborating with actuarial professionals and various business functions at our Bangalore location.

The position is part of the Financial Modelling team within the Treasury department and reports to the Head of the Financial Modelling team in Bangalore. We are seeking an Associate Financial Analyst who can drive improvements in modelling, take ownership of IFRS-based Financial Plan production processes for the Reinsurance Business Unit, and act as a valued business partner across the organisation.

About the Role

Key responsibilities include:

• Taking ownership of specific tasks related to the refinement, (re)design, testing, and implementation of the IFRS Simulation Model (ISM) used for generating the IFRS Financial Plan and Expected Change in SST RBC.
• Running and validating the ISM model after updates (e.g., code refinements or scenario changes) before handing over results to stakeholders.
• Supporting the enhancement, testing, and implementation of BU Planning tools.
• Operating financial modelling tools used for constructing IFRS-based Financial Plans, including balance sheets, income statements, and cash flow statements.
• Investigating root causes for technical issues or deviations during the planning phase and providing solutions.
• Offering technical support to Business Units on plan-related figures, metrics, and planning systems.
• Collaborating with teams across Finance, Underwriting, Reserving, Investments, Funding, and Treasury to ensure the completeness of the IFRS-based Financial Plan.
• Supporting operational and governance framework enhancements for optimal task delivery.

About the Team

The Financial Modelling Team is a key part of the FP&A Infrastructure, Automation & Costs (FIAC) team within the Treasury Department. We work closely with group functions and BU FP&A teams to support and improve IFRS-based financial planning processes. We manage both the operation and continuous improvement of the IFRS Simulation Model (ISM) and other financial planning tools. This gives us a strong opportunity to influence systems, metrics, and processes used across the organisation.

About You

General Qualifications:

• 5–10 years of experience in finance, actuarial, or other quantitative functions within (re)insurance.
• Professional qualifications such as CFA, CA, or actuarial credentials from a recognised institution are preferred.
• Prior experience in annual financial planning and analysis is an advantage.
• Curious mindset with a drive to enhance financial modelling capabilities.
• Proficient in English (spoken and written).

Technical Skills:

• Solid understanding of IFRS 17 or similar economic frameworks.
• Experience with P&C or Life & Health actuarial modelling.
• Strong grasp of financial statements and hands-on experience in financial modelling.
• Advanced skills in Microsoft Excel and PowerPoint; experience with Python is a plus.

Soft Skills:

• Excellent communication skills with the ability to translate technical content into business-focused insights.
• Ability to thrive in a collaborative, multicultural, and fast-paced environment.
• Analytical thinker with a proactive and motivated approach.