Senior Actuary, In-force Risk Management and R&D
Location:
Singapore, 01, SG
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
Description:
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.