Pricing Actuary

Location:

Singapore, 01, SG

Job Type: Full-Time

Work Mode: Hybrid

Job Level: Professional

Job ID: 14771

Company: Munich Re

Employment Type: Regular

Area of Expertise: Actuarial & Risk Management

Description:

Munich Re, a leading global reinsurer, is recruiting for a Life Pricing Actuary for its Southeast Asia (SEA) and High Net Worth (HNW) business. A leading reinsurer 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 bases, maintaining pricing excellence, and providing cross-functional support on a project basis. Based in Singapore, this position reports to the Senior Pricing Actuary, Southeast Asia and HNW.

Your Role

Reinsurance Pricing

Support quotation work by contributing to pricing recommendations. This will include preparing pricing inputs and assumptions, performing profit and 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.
Collaborate with Underwriting and Product Development Teams to evaluate client proposals and co-develop product solutions.
Undertake experience studies on datasets across SEA markets to support the setting of pricing assumptions.
Perform reviews of pricing quotations completed by other team members.
Assist in the development and maintenance of pricing models and toolkits for life reinsurance products.

Cross-functional Collaboration and Support

Collaborate with the 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.
Assist the Valuation Team in validating actuarial reporting figures to ensure consistency with pricing assumptions and experience trends.
Support the Underwriting Team in the assessment of facultative cases, providing actuarial perspectives where required.
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

Fellow or Associate of a recognised actuarial body, or working towards Fellowship/Associateship with substantial exam progress.
Minimum 5 years of actuarial experience, including some experience in (re)insurance pricing.
A solid understanding of protection-focused life and health insurance products in the Southeast Asian market is essential; experience in pricing multi-pay critical illness products would be an advantage.
Familiarity with AXIS would be a significant 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; demonstrates a results-oriented and proactive approach.
Fluency in spoken and written English is essential. Knowledge of SEA languages would be an advantage.
Strong communication, presentation, and stakeholder engagement skills, including the ability to convey technical concepts to non-technical audiences.

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.