Actuarial Analyst, Central Life Reserving

2 weeks ago

Singapore Munich Re Full time

**Actuarial Analyst, Central Life Reserving**:
Career Level 2

**Location**
Singapore, Singapore

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. A unique position exists to be a part of that global success story.

This is an exciting and challenging opportunity to join the Life valuation team. This team oversees valuation, reserving and financial reporting for Life business of Asian entities of Munich Re, covering global valuation bases including Solvency II, IFRS, and Local Statutory bases. This role focuses on the valuation of business written in APAC (SEA, Japan and Korea) and Middle East & North Africa (MENA) markets but also supports the global risk management projects carried out by the team to tackle the risk management issues faced by Munich Re Group.

Your job
- Support Solvency II, IFRS and Local Statutory reporting for APAC, Middle East and North Africa businesses.
- Perform regular experience monitoring, treaty performance analysis and assumption review.
- Maintain and ensure that the valuation data, model and process are up to date and with appropriate documentation.
- Close coordination with business unit and CFO department to ensure treaties are accurately set up, valued and reported.
- Support business unit with accurate, clear and timely management information.
- Provide support for business development activities if required.
- Maintain knowledge of current actuarial developments for various valuation bases (e.g., IFRS17) and developments in the (re)insurance industry across various markets.
- Support global risk management projects if required.
- Support other regular reporting or ad-hoc projects and tasks if required.

**Profile**:

- Degree in Actuarial Science, Mathematics or Statistics
- Working towards Fellowship of a recognised actuarial body (FSA, FIA, FIAI, FIAA or equivalent)
- 2-4 years actuarial experience, preferably within the valuation function of life insurance and / or reinsurance industries
- Strong analytical, problem solving, research and project management skills
- Excellent verbal and written communication skills
- Personality traits: responsible, proactive, adaptive, meticulous, team player but with the ability to work independently as well
- Proficiency in Excel, VBA and database management systems.
- Knowledge of AXIS is an advantage.
- Knowledge of Solvency II (or MCEV), IFRS and Singapore/Japan/Korea Statutory Reporting is an advantage.
- Working knowledge of traditional life and financial reinsurance business is an advantage.

About us

Find out **Who we are, What we do, Our Strategy and How we can Support & Reward** you.

Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.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 centre of this interaction is each of us.

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