Marketing Actuary

Next Insurance, Inc.; Mumbai; On-site; INR 1,200,000 - 1,900,000; Full time

Job summary

Munich Re in Mumbai invites a Marketing Actuary to support Value Added New Business (VANB) growth across allocated clients, enhancing profitable growth within treaties and developing new opportunities.

You will manage client relationships, collaborate with internal teams to drive growth, conduct workshops to understand business objectives, and document reinsurance terms to support negotiations while maintaining risk oversight.

Qualifications

• Graduate degree in a quantitative discipline (essential).
• Fellowship of the Institute of Actuaries or IOA (UK) considered preferred.
• Typically 5+ years actuarial or related experience.
• Ability to manage work independently while collaborating across teams.
• Strong analytical capability with mathematical/statistical techniques.

Responsibilities

• Support VANB growth for allocated clients and profitable treaties.
• Manage client relationships and collaborate with internal teams.
• Act as a relationship manager and identify business opportunities.
• Conduct workshops to understand objectives and develop product recommendations.
• Monitor treaty performance and risk, focusing on organic growth.
• Document reinsurance terms and support treaty negotiations.

Skills

Actuarial analysis

Data analysis

Cross-functional collaboration

Analytical skills

Education

Bachelor's degree in a quantitative field

Fellowship of the Institute of Actuaries (UK) or progress towards qualification

Tools

PowerPoint

Excel

Access

SQL

Job description

Marketing Actuary

Location: Mumbai Reporting to: Chief Marketing Actuary, South Asia

About Munich Re

Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions.

As a leader in risk assessment, Munich Re supports the evolution of the global insurance landscape by addressing emerging risks—from cyber threats to pandemics—enabling clients to manage uncertainty effectively.

Across Asia Pacific, the Middle East and Africa, Munich Re operates life, health and non-life reinsurance as well as primary insurance businesses, with more than 1,900 employees across 20 locations. Munich Re has supported clients in India since 1951 and established its Mumbai branch in 2017 to serve India, Sri Lanka and Bangladesh.

Role Overview

To support the growth of Value Added New Business (VANB) for allocated clients by contributing to the development of organic growth within existing treaties and supporting the creation of profitable new reinsurance opportunities.

• Enable effective portfolio management and contribute to the profitability of nominated clients' existing treaties
• Strengthen business relationships with current and prospective clients

Your Role

• Support the development and implementation of new business opportunities for treaty clients and prospective clients, with a focus on enhancing VANB in India
• Manage relationships with specified clients and collaborate with internal teams to drive growth and profitability
• Act as a relationship manager for assigned clients, identifying business development opportunities and supporting achievement of business targets
• Support clients in new business initiatives by conducting workshops to understand business objectives and product needs; develop product recommendations and capital solutions based on structured analysis
• Manage existing business by monitoring treaty performance, profitability and risk exposure, with a focus on organic growth and improving performance of underperforming treaties
• Document reinsurance terms in quotations and treaties and support final treaty negotiations
• Communicate Munich Re's service offerings effectively and collaborate internally to enhance client satisfaction

Your Profile

• Graduate degree in a quantitative discipline such as mathematics, statistics, science, economics or finance (essential)
• Fellowship of the Institute of Actuaries or Institute and Faculty of Actuaries (UK), or progress towards qualification, with relevant experience (preferred)
• Relevant actuarial or related experience (typically 5+ years)
• Ability to manage work independently while collaborating effectively with cross-functional and regional stakeholders
• Strong analytical capability, including mathematical and statistical techniques
• Strong command of PowerPoint and Excel
• Knowledge of data handling and analysis tools such as Access and SQL
• Demonstrates curiosity and develops in-depth knowledge of clients, reinsurance business, contract structures and regulatory environments
• Good understanding of products and regulations within the Indian insurance industry

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.