Title:  Actuarial Analyst

Job Purpose

Assist the Head of Valuation in carrying out all functions of the team including the valuation of Munich Re India Branch Life & Health reinsurance business liabilities for Statutory and Internal reporting purposes, preparation of financial reports and analyses and ensuring compliance with internal and external requirements relating to valuation of liabilities. 

Your Role:
Key Responsibilities 

• Support the Implementation of IFRS17 as per local regulatory guidelines
• Carry out the Valuation of Life and Health Business of South Asia (Statutory IRDA reporting, Solvency II, IFRS, Actuarial Modelling on AXIS)
• Prepare Corporate Actuarial reports (IFRS reporting, Business Planning, Solvency Capital Monitoring, Shareholder Reporting, Regular interaction with the Finance team)
• Share insights relating to Business Monitoring (Experience Analysis, Monitoring and Reporting)
• Carry out the operations of the Data Management framework within the function 
• Support internal stakeholders like Business Development, Pricing and Underwriting teams

Your Profile:
Education & Experience 

• Actuarial student who has completed Stage 1: Core Principles series (all 7) from IAI India or equivalent.
• Strong commitment to complete the Actuarial course
• Experience in life insurance or re-insurance company’s valuation team preferred

Competencies

• Strong computer skills: Microsoft Excel, power query and SQL (essential) and VBA (preferred)
• Exposure to an actuarial software would be preferred (AXIS would be preferred)
• Exposure to Indian Statutory Reporting, Solvency II and IFRS17 would be preferred
• Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail
• Self-motivated and able to work within a team environment, outcome focused
• Strong communication skills in English (written and verbal)

About Munich Re

Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related  risk solutions.

As pioneers in risk assessment, we drive the digital transformation  of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber- attacks, from high net worth individual life cover to pandemics, we take care of risks, so our clients can take care of their business.

Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses,  providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and  established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.