Senior Actuarial Analyst

**Senior Actuarial Analyst / Newly Qualified Actuary (Life)**:
Career Level 3 / 4

**Location**
Singapore, Singapore

Munich Re Singapore Branch, part of Munich Re, which is the world’s largest reinsurer, is looking for a highly motivated Newly qualified Actuary/Senior Actuarial Analyst 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.

Your job

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

**Profile**:

- Associate or Fellow of a recognized actuarial body (i.e. ASA, FSA, AIAA, FIA).
- 5 - 10 years of 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 focused
- Good understanding of the products and insurance environment in at least one key SEA 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.

About us

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.