Senior Actuarial Analyst / Assistant Manager, Solvency II & AXIS Modelling

Munich Re; Singapore; On-site; SGD 150,000 - 190,000; Full time

Job summary

Munich Re Group in Singapore seeks a Senior Actuarial Analyst to take ownership of AXIS valuation modelling, implement new treaty features, and set valuation assumptions for the Singapore Life business.

You will deliver Solvency II reporting, collaborate with Pricing, Experience Studies and regional teams, and mentor junior colleagues while driving automation and process improvements.

Qualifications

• Bachelor’s or Master’s in Actuarial Science, Mathematics or Statistics.
• Minimum 5+ years of actuarial experience in valuation/modelling.
• Hands-on AXIS modelling experience preferred; other modelling platforms acceptable.

Responsibilities

• Take technical ownership of AXIS valuation model areas for Singapore Life.
• Implement new reinsurance treaties in AXIS with Pricing and stakeholders.
• Develop, review and implement valuation assumptions and model changes for Singapore.
• Take ownership of quarterly and annual Solvency II reporting for Singapore; analyze movements.
• Prepare valuation insights and communicate financial results to local management.
• Collaborate with Regional Valuation, MRS Pricing and Experience Studies teams.
• Support local business initiatives requiring valuation and modelling expertise.
• Support local and Group audit requirements.
• Drive model, process and reporting enhancements, including automation and controls.

Skills

Actuarial Modelling

AXIS Modelling

Excel

SQL

VBA

Communication

Analytical Skills

Education

Bachelor’s or Master’s in Actuarial Science/Math/Stats

Tools

AXIS

Excel

SQL

VBA

Job description

This role provides an opportunity to take technical ownership of key areas of the Singapore valuation model, including new treaty implementation, assumption setting and model development in AXIS. The role also provides the opportunity to analyse and explain the Solvency II performance of underlying reinsurance treaties.

Reporting to the Head of MRS Valuation, you will combine hands-on actuarial modelling with Solvency II valuation and management reporting, working closely with Pricing, Experience Studies and regional Valuation teams.

This role offers the opportunity to take hands-on ownership of AXIS actuarial modelling and new treaty implementation, while developing deep expertise in Solvency II valuation, assumption setting and model development. You will gain broad exposure across Valuation, Pricing and Experience Studies, work on initiatives that influence valuation models, processes and management reporting, and contribute to ongoing enhancements and automation efforts. The role also provides opportunities to present insights and recommendations to senior management, as well as provide technical guidance and mentorship to junior team members, making it an excellent platform for both technical and professional growth.

Your Role

• Take technical ownership of key areas of the AXIS valuation model for the Singapore Life business.
• Implement new reinsurance treaties in AXIS, working with Pricing and business stakeholders to understand product and treaty features.
• Develop, review and implement valuation assumptions and model changes for the Singapore business.
• Take ownership of quarterly and annual Solvency II reporting for Singapore, including analysis and explanation of key movements.
• Prepare and communicate valuation insights and financial results to local management.
• Work closely with Regional Valuation, MRS Pricing and Experience Studies teams on assumptions, modelling and business developments.
• Support local business team initiatives requiring valuation and modelling expertise.
• Support local and Group audit requirements.
• Drive model, process and reporting enhancements, including opportunities for automation and improved controls.

Your Profile

• Bachelor's or Master's Degree in Actuarial Science, Mathematics or Statistics.
• Demonstrated relevant actuarial experience, typically gained over 5+ years, preferably in valuation and/or actuarial modelling.
• Hands-on experience with AXIS or another actuarial modelling platform; AXIS experience is strongly preferred.
• Good understanding of Life and Health insurance business, with Singapore protection or Critical Illness experience considered advantageous.
• Good understanding of actuarial valuation principles; Solvency II experience would be advantageous.
• Strong analytical and problem-solving skills.
• Ability to communicate complex actuarial results clearly to a variety of stakeholders.
• Ability to work effectively in a deadline-driven reporting environment.
• Strong proficiency in Microsoft Excel; experience with VBA, SQL and/or other automation or data tools would be advantageous.
• Knowledge of IFRS 17 standards would be an advantage.

We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.