Actuary, Munich Re Markets

Munich Re; Singapore; Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a qualified actuary to join their expanding SEA origination team. This role involves assisting in strategic transactions for life insurance clients, maintaining data accuracy, and collaborating with stakeholders across Southeast Asia and Hong Kong. The ideal candidate will have 5-10 years of relevant experience, strong analytical skills, and the ability to communicate effectively in local languages. This innovative firm offers flexible working arrangements and a comprehensive benefits package, ensuring a supportive and inclusive environment for all employees.

Benefits

Flexible working arrangements

Generous annual leave allowance

Comprehensive dental, life and health insurance

Qualifications

• 5-10 years experience in Life Insurance, Actuarial Consulting, or Product Management.
• Strong understanding of technical actuarial calculations.

Responsibilities

• Assist origination activities for MRM in SEA and HK market.
• Manage implementation and ongoing operational processes of reinsurance transactions.

Skills

Actuarial Knowledge

Analytical Skills

Stakeholder Management

Team Collaboration

Education

Qualified Actuary

Job description

Munich Re Markets (“MRM”) within Munich Re is specialised in all types of strategic transactions for our life insurance companies' clients worldwide. Strategic transactions include capital management, financing, strategic risk transfer and, last but not least, the reinsurance of new savings and retirement products.

MRM has developed and reinsured numerous individualised saving products across the globe and has infrastructure in place to reinsure, administer and risk manage savings and retirement products. MRM is expanding the SEA origination team to meet increased demands reinsurance of Savings, Retirement and Investments Insurance Products across the regions.

This position is based in Singapore and reports to the Head of Origination SEA, Munich Re Markets, supporting transactions in South-East Asia and Hong Kong. Travelling is expected.

Your Role:

1. Assist origination activities for MRM business in SEA and HK market.
2. Maintain that the seriatim data, models and processes are correct, up to date and with appropriate documentation.
3. Manage implementation and ongoing operational processes of reinsurance transactions.
4. Work and collaborate with internal and external stakeholders.
5. Provide support for ad-hoc projects and tasks.

Your Profile:

1. Qualified Actuary or a professional with actuarial knowledge.
2. Approximately 5-10 years of work experience in Life Insurance preferably in either Actuarial Consulting, Product Management or Valuation functions.
3. Strong understanding of technical actuarial calculations, have analytical and conceptual skills.
4. Proficiency in native languages of the client markets, to support communication with clients who prefer these languages, and ability to network.
5. Task-focused and able to collaborate within a team environment.
6. Good stakeholder management skills to work in a global organisation.

Flexible and hybrid working arrangements.

Generous annual leave allowance.

Comprehensive dental, life and health insurance coverage.

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.