- Singapore
Munich Re Hiring! Full Time Senior Actuary, In-force Risk Management and R-D in - Ricebowl
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Job Description
Responsibilities
Location Singapore, Singapore Job type Full-Time Work mode Hybrid Job level Professional Job ID 14011 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
As Senior Actuary, you have a progressive and results-oriented mindset, coupled with excellent stakeholder management skills and in-depth knowledge of regional life and health insurance products, markets and risk management practices. You are recognised as a trusted expert and valued contributor by clients and colleagues. You work collaboratively with your team to be highly regarded by both internal and external clients.
Your Role
- Reviewing Terms of Trade (ToT) for key Life & Health product lines and markets, including standard assumptions, pricing approaches and reinsurance structuring guidelines customised by product and market.
- Developing Terms of Trade (ToT) for new strategic initiatives such as longevity and other large transactions.
- Defining Life & Health risk limits and risk appetite boundaries.
- Updating internal stakeholders annually on the performance of Life & Health portfolios and sources of actual versus expected variance.
- Developing and maintaining Life & Health reinsurance treaty and contract wordings, including GenAI-enabled search and review tools.
- Developing tools and methodologies for experience studies and reviewing studies performed.
- Developing predictive analytics tools and methodologies to improve risk analysis, including detailed claims data analysis.
- Conducting special projects, such as strategic reviews of specific markets and products.
- Researching and developing insights on complex topics, including behavioural science and policyholder behaviour.
- Presenting at actuarial conferences, sharing research insights across topics primarily related to biometric risk thought leadership.
- Championing a results-focused, collaborative culture.
- Travelling to local offices and clients across APAC and MEA countries.
Your Profile
- Minimum 15 years of experience in actuarial pricing or valuation across the APAC and MEA regions.
- University degree holder with a professional actuarial designation such as FSA, FIA, FIAA or DAV.
- Sound knowledge of life and health reinsurance products across APAC and MEA regions.
- Deep experience in setting and reviewing actuarial assumptions.
- Strategic mindset with creativity and the ability to lead through complexity.
We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.
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.
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