Life Pricing Actuary (L&H)

Life Pricing Actuary

Company: Munich Re

Location: Singapore, Singapore

Munich Re Singapore Branch, part of Munich Re, which is the world’s largest reinsurer, is looking for a highly motivated Pricing Actuary who can help us consolidate our market-leading position in the Southeast Asia (SEA) life reinsurance market.

You should be interested in technical Actuarial work, product development, enjoy working across multiple markets and being part of a diverse team. You should be a good communicator, have reasonable commercial/business acumen and be able to work closely with Product Managers and Actuaries within Munich Re and at clients.

Your role will involve product development and pricing work in the Southeast Asia Life reinsurance market.

Based in Singapore, you will report to the Senior Pricing Actuary (Life).

Your Job:

• Develop product and reinsurance solutions for Singapore, Malaysia and some SEA countries.
• Work with Senior Actuaries and Client Managers on client quotations focusing on delivery of quotes and pricing reports to achieve a profitable outcome for Munich Re.
• Work with relevant stakeholders such as Valuation, Inforce Management, Underwriting, Claims and Client Managers whilst developing these product solutions.
• Ensure these solutions are following internal Munich Re guidelines and risk appetite.
• Ensure the quotations comply with applicable government/regulatory and internal guidelines and requirements.

Your Profile:

• Associate or Fellow of a recognised actuarial body (i.e. ASA, FSA, AIAA, FIA) with 5 – 10 years of experience.
• Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail.
• Experience pricing Critical Illness benefits or Medical Reimbursement products will be advantageous.
• Strong knowledge of products in the South East Asian market is essential.
• 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 is preferred).
• Knowledge on data analytics will be an advantage.
• Strong communication skills in English (written and verbal).
• Knowledge of a SEA language will be an advantage.
• Role may require some occasional travel to SEA markets to meet with key clients along with the relevant Client Managers.

Our Benefits:

• Flexible and Hybrid working arrangements.
• Generous annual leave allowance.
• Competitive dental, life and health insurance coverage.

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.