Actuarial Analyst

Munich Re; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading global reinsurer in Singapore seeks an Actuarial Analyst to contribute to the development of innovative reinsurance solutions. This role involves pricing recommendations, cross-functional collaboration, and maintaining pricing excellence. Candidates should have a Bachelor's degree in Actuarial Science or related fields, with preferred experience in actuarial pricing. The position offers a hybrid working arrangement and comprehensive benefits, including generous leave and health insurance.

Benefits

Generous annual leave

Dental, life, and health insurance

Qualifications

• Minimum 2 years of actuarial pricing experience preferred.
• Proven ability to work independently and within a team.
• Familiarity with data analytics tools is advantageous.

Responsibilities

• Support quotation work by contributing to pricing recommendations.
• Collaborate with the Inforce Management Team on data analytics projects.
• Assist in developing and maintaining pricing models and toolkits.

Skills

Analytical skills

Problem-solving

Project management

Communication skills

Education

Bachelor's Degree in Actuarial Science, Mathematics, or Statistics

Tools

AXIS

SQL

Python

R

Job description

Munich RE, a leading global reinsurer, is recruiting for an Actuarial Analyst for its Southeast Asia (SEA) and High Net Worth (HNW) business. A dominant player in the SEA and HNW market, Munich RE reinsures a comprehensive range of products covering death, disability, critical illness, health, and long-term care risks.

This role involves contributing to the development of market-leading reinsurance solutions, developing pricing bases, maintaining pricing excellence, and providing cross-functional support on a project basis.

Your Role

Reinsurance Pricing

• Support quotation work by contributing to pricing recommendations, including preparing pricing inputs & assumptions, performing profit sensitivity testing and scenario analysis, documenting outputs, and quote discussions.
• Ensure pricing work aligns with Munich RE’s global and regional pricing frameworks, profitability targets, and risk appetite, supporting regional pricing referrals where needed.
• Undertake experience studies on datasets across SEA markets to set pricing assumptions.
• Review pricing quotations prepared by other team members.
• Assist in developing and maintaining pricing models and toolkits for life reinsurance products.

Cross-functional Collaboration and Support

• Collaborate with the Inforce Management Team on data analytics projects to derive insights supporting product development and strengthening Munich RE’s market position.
• Work closely with the Product Development Team and Medical Experts to develop and refine pricing bases reflecting latest trends, medical outlook, and market dynamics.

Your Profile

• Bachelor's Degree in Actuarial Science, Mathematics, or Statistics.
• Minimum 2 years of actuarial pricing experience preferred.
• Strong analytical, problem-solving, and project management skills.
• Familiarity with AXIS is a plus; knowledge of data analytics tools (e.g., SQL, Python, R) is advantageous.
• Proven ability to work independently and within a team.
• Excellent communication, presentation, and stakeholder engagement skills.
• Flexible and comfortable with hybrid working arrangements.
• Offers a generous annual leave allowance and comprehensive benefits including dental, life, and health insurance.

At Munich Re, we value diverse backgrounds, experiences, perspectives, and thoughts. This diversity is the foundation of our open culture, partnership spirit, and team development. We support and cultivate our teams, centered around each individual's growth.