Sorina Elena Nitoiu
Senior IFRS Actuarial Analyst
Zurich
Summary
I am a Senior L&H Actuary with over 11 years of experience in the Insurance field, working both on the functional and technical sides. In the last 5 years my focus has been specifically on IFRS17 projects among different big Insurance groups/companies with demonstrated results in successful software implementations. Skilled also in Banking, Accounting, Investment and Financial Reporting and actively pursuing a CFA Certification at the moment. I have extensive experience in the consulting industry as well as excellent communication skills, stakeholder management, SCRUM and Project Management capabilities.
Overview
12
12
years of professional experience
7
7
years of post-secondary education
5
5
Certifications
5
5
Languages
Work History
Senior IFRS Actuarial Analyst
Swiss Re
12.2023 - Current
- Involved in the onboarding of local entities to FPSL for IFRS 17 used for local reporting, ensuring seamless transitions to the new financial reporting standard
- Oversee the regulatory submissions for 16 entities across APAC, EMEA, and North America, maintaining compliance with regional requirements
- Collaborate closely with Local Finance departments and Actuarial teams to deliver accurate, high-quality regulatory reports within tight deadlines
- Leveraged actuarial expertise and deep knowledge of IFRS 17 to optimize reporting processes and support financial decision-making
- Recognized for excellent communication skills, fostering effective cross-functional collaboration and stakeholder engagement in a global environment
Project Manager Finance Transformation / Scrum Master - IFRS17 and Local GAAP
NN Group
03.2022 - 12.2023
- Have the responsibility for the end-to-end delivery of change initiatives, from initiation (through quick scans/ assessments on core finance processes, and set-up of governance and roadmaps) to project delivery (following Agile Scrum methodologies) and embed the changes in the line organization
- Work within a senior stakeholder environment and ensure timely execution and completion of deliverables
DevOps Engineer IFRS17 Solution
NN Group
05.2021 - 03.2022
- Assess impact of business demands and determine the appropriate solutions leveraging on accounting and actuarial skills
- Advise and propose improvements in the change and release process and translate this to coding policy
- Deep understanding of the concepts, technologies and processes used within the IT infra domain
- Automate testcases based on content knowledge, quality and acceptance criteria
- Setting up test strategy and selecting and implementing the right tooling
- Draw and implement a cross-team test strategy
IFRS17 implementation actuary
NN Group
07.2019 - 05.2021
- Contribute to the interpretation of the IFRS17 standard and translating it into guidance and requirements toward the implementation teams (local and central)
- Implement requirements and set-up of the Aptitude IFRS17 solution at NN Group
- Use AWS framework and Microsoft Azure and involvement in test engineering
- Contribute to the development process of IFRS17 central/local systems by advising business units and central tooling teams on detailed interpretation of the guidance and requirements issued
- Participate in system testing from the perspective of financial impacts
- Participate in the NN Group financial impact assessment forecasting exercises
- Functional testing planning and coordination
- Providing IFRS17 trainings throughout the company for different groups of stakeholders
- SCRUM Master of the IFRS17 Aptitude DevOps Team
Risk Consultant
SAS
02.2018 - 07.2019
- Provide domain and solution expertise to on-going Insurance related Risk & Regulatory projects
- Implement SAS solutions for IFRS 17, Solvency II and other related Risk projects
- Provide oversight, guidance and expertise to ensure projects are implemented on time and are executed as designed
- Drive program schedules, milestones, and phase review processes
- Help services team craft work estimates, proposals, solution architectures and project plans
- Anticipate and resolve cross-functional project related issues and work with Project Managers to implement improvement
Actuarial Project Manager
Deloitte
06.2017 - 02.2018
- Consulting services for insurance companies and other insurance related entities
- Actuarial valuation, implementation and development of actuarial models
- Actuarial due diligence and valuations for transaction services
- Calculating and advising on life and non-life insurance policies, pensions, employee benefits and investments
- SCR calculation for companies
- Reporting under RAS and IFRS principles
- Performing actuarial audit under Solvency II requirements
Actuarial Specialist L&H
Allianz Group
08.2015 - 06.2017
- Complete standard actuarial analysis and reporting tasks assigned by within the actuarial departments
- Development and maintenance of actuarial tools and models
- Preparing data and reports in line with the closing requirements
- Scenario testing for liabilities Cash Flows, Cash Flow forecasting/projection
- Solvency II Reporting
Portfolio Accountant
NN Romania
09.2014 - 08.2015
- Daily UNAV calculation for the administrated pension funds
- Collecting daily prices for financial instruments owned by funds according with ASF norm
- Relation with funds depository for specific information regarding net asset value calculation unit
- Maintaining relation with the custodian of pension funds to facilitate settlement of transactions
Operations Administration Officer
NN Romania
04.2013 - 09.2014
Internship
Direcţia Regională Antifraudă Fiscală Bucureşti - ANAF
09.2013 - 10.2013
Internship
National Bank of Romania
08.2013 - 09.2013
Education
Master's degree - Actuarial Science
Institute and Faculty of Actuaries
01.2014 - 01.2016
Master of Science - Secondary Education and Teaching
Academy of Economic Studies
Bucharest 04.2014 - 04.2016
Bachelor of Education (B.Ed.) - Finance, Banking, Insurance, Stock Exchanges
Academy of Economic Studies
Bucharest 01.2011 - 01.2014
Skills
- Insurance
- Actuarial
- Financial Analysis
- Accounting
- Software Implementation
- Project Management
- Pre-sales
Certification
CM1 - Actuarial Mathematics
Currentposition
Senior IFRS Actuarial Analyst at Swiss Re
Timeline
Senior IFRS Actuarial Analyst
Swiss Re
12.2023 - Current
Project Manager Finance Transformation / Scrum Master - IFRS17 and Local GAAP
NN Group
03.2022 - 12.2023
DevOps Engineer IFRS17 Solution
NN Group
05.2021 - 03.2022
IFRS17 implementation actuary
NN Group
07.2019 - 05.2021
Risk Consultant
SAS
02.2018 - 07.2019
Actuarial Project Manager
Deloitte
06.2017 - 02.2018
Actuarial Specialist L&H
Allianz Group
08.2015 - 06.2017
Portfolio Accountant
NN Romania
09.2014 - 08.2015
Master of Science - Secondary Education and Teaching
Academy of Economic Studies
04.2014 - 04.2016
Master's degree - Actuarial Science
Institute and Faculty of Actuaries
01.2014 - 01.2016
Internship
Direcţia Regională Antifraudă Fiscală Bucureşti - ANAF
09.2013 - 10.2013
Internship
National Bank of Romania
08.2013 - 09.2013
Operations Administration Officer
NN Romania
04.2013 - 09.2014
Bachelor of Education (B.Ed.) - Finance, Banking, Insurance, Stock Exchanges
Academy of Economic Studies
01.2011 - 01.2014
CM1 - Actuarial Mathematics
CB1 - Business Finance
Passed Level 1
CB2 - Business Economics
CFA Level 2 Candidate
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