Pricing Actuary, Life and Health

2 hours ago


Singapore MUNICH MANAGEMENT PTE. LTD. Full time

Munich Re Singapore Branch, part of Munich Re, which is the world’s largest reinsurer, is looking for a highly motivated qualified Actuary who can help us consolidate our market-leading position in the South East Asia (SEA) life reinsurance market. The person should be interested in technical Actuarial work, enjoy working across multiple markets and being part of a diverse team. The person should be a good communicator, have reasonable commercial/business acumen and be able to work closely with Client Managers and Actuaries within Munich Re and at clients. The role involves pricing work in the South East Asia Life reinsurance market.

This position will report to one of our Senior Pricing Actuaries and will be based in Singapore.

**Your Job**
- Work with Senior Actuaries and Client Managers on client quotations focusing on timely delivery of quotes, pricing reports with the aim of achieving a profitable outcome for Munich Re.
- Work with relevant stakeholders such as Underwriting and Claims, Pricing and Client Managers whilst working on quotations.
- Ensure the quotations are in compliance with internal guidelines, requirements and applicable government/regulatory guidelines and requirements.
- Be familiar with internal Munich Re guidelines and risk appetite and discuss the same with Client Managers.
- Work with Direct manager and Senior Actuaries on research projects such as derivation of incidence rates for Critical Illness products.
- Work with Direct Manager and Senior Actuaries to perform experience studies including but not limited to collating data, performing calculations, presenting analysis and document results.
- Use the above results to update or write pricing bases or Terms of trade for the key risks in various SEA markets.

**Your Profile**
- Associate or Fellow of a recognized actuarial body (i.e. ASA, FSA, AIAA, FIA), with 5 - 10 years of relevant experience.
- Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail.
- Experience in pricing Critical Illness benefits will be advantageous.
- Strong Excel skills, strong VBA skills would be advantageous
- Competent knowledge in AXIS (preferred)
- A pragmatic approach to business pressure and agility are essential
- Self-motivated and able to work within a team environment, outcome focuse
- Good understanding of the products and insurance environment in at least 1 Southeast Asia market (Singapore, Malaysia, Indonesia) is essential (knowledge in more than 1 market will be advantageous)
- Strong communication skills in English (written and verbal)
- Role may require some occasional travel to SEA markets to meet with key clients along with the relevant Client Managers.



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