Actuarial Analyst

**Location**

Singapore, Singapore
**Job type**

Full-Time
**Work mode**

Hybrid
**Job level**

Professional
**Job ID**

10165
**Company**

Munich Re
**Employment type**

Regular
**Area of expertise**

Actuarial & Risk Management

Munich RE, a leading global reinsurer, is recruiting for an Actuarial Analyst for its Southeast Asia (SEA) and High Net Worth (HNW) business. A dominant player in the SEA and HNW market, Munich RE reinsures a comprehensive range of products covering death, disability, critical illness, health, and long-term care risks.

This role involves contributing to the development of market leading reinsurance solutions, development of pricing basis, maintaining pricing excellence, and providing cross-functional support on a project basis.

** Your Role**

Reinsurance Pricing
- Support quotation work by contributing to pricing recommendations. This will include preparing pricing inputs & assumptions, performing profit sensitivity testing and scenario analysis, documenting outputs and quote discussions.
- Ensure pricing work aligns with Munich RE’s global and regional pricing frameworks, profitability targets, and risk appetite, supporting regional pricing referrals where needed.
- Undertake experience studies on datasets across SEA markets toward setting of pricing assumptions.
- Perform reviews of pricing quotations done by other team members.
- Assist in development and maintenance of pricing models and toolkits for life reinsurance products.

Cross-functional Collaboration and Support
- Collaborate with Inforce Management Team to undertake data analytics projects, derive actionable insights to support product development and strengthen Munich Re’s position as a thought leader.
- Work closely with the Product Development Team and Medical Experts to develop and refine pricing bases that reflect the latest trends, medical outlook and evolving market dynamics.

**Your Profile**
- Bachelor's Degree in Actuarial Science, Mathematics or Statistics
- Minmum 2 years of actuarial pricing experience is preferred
- Strong analytical, problem solving and project management skills
- Familiarity with AXIS will be a huge advantage. Familiarity with data analytics tools (e.g., SQL, Python or R) and methods is a plus.
- Proven ability to work independently and collaboratively within a team.
- Strong communication, presentation and stakeholder engagement skills.

**Our Benefits**
- Flexible and hybrid working arrangement
- Generous annual leave allowance
- Comprehensive dental, life and health insurance coverage

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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 center of this interaction is each of us_

Your Benefits

**With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.**- Competitive Salary- We provide fair and competitive compensation that reflects your performance and commitment.- Company performance-based Incentives- In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.- Recognition and Special Rewards- We recognise outstanding individual contributions through a variety of targeted rewards and incentives.- Retirement Planning- We support your long-term financial wellbeing with retirement solutions aligned with local regulations.- Inclusive Workplace Culture- We foster a respectful, inclusive, and values-driven environment.- Learning & Development- We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.- Work-Life-Balance- Supporting your ability to balance family, leisure, and your career.- Health & Wellbeing- We support your physical and mental health through a range of programs and activities in each location.