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

Munich Reinsurance; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Munich Reinsurance in Singapore seeks an experienced actuarial professional to take technical ownership of AXIS valuation models for Singapore Life. You will implement new reinsurance treaties, set assumptions, and lead Solvency II reporting with cross-functional teams.

The role offers broad exposure to valuation, pricing and experience studies, plus opportunities to contribute to automation and controls. You will present insights to senior management, mentor junior staff, and work in a

Qualifications

• Bachelor's or Master's Degree in Actuarial Science, Mathematics or Statistics.
• 5+ years' actuarial experience in valuation or modelling.
• Hands-on AXIS experience or other actuarial modelling platform.
• Strong knowledge of Life/Health insurance and Solvency II.
• Excellent analytical, problem-solving and communication skills.
• Proficient in Excel; VBA/SQL or automation tools is a plus.

Responsibilities

• Own AXIS valuation model areas for the Singapore Life business.
• Implement new reinsurance treaties in AXIS with pricing stakeholders.
• Develop and implement valuation assumptions and model changes.
• Own quarterly and annual Solvency II reporting for Singapore.
• Prepare valuation insights and communicate results to local management.
• Collaborate with Regional Valuation, Pricing and Experience Studies teams.
• Support initiatives requiring valuation and modelling expertise.
• Support local and Group audit requirements.
• Drive model, process and reporting enhancements and automation.

Skills

Actuarial modelling

AXIS experience

Analytical thinking

Communication skills

Deadline-driven reporting

Automation / VBA & SQL

Education

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

Tools

AXIS

Microsoft Excel

VBA

SQL

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.