Senior Actuary

Munich Re of Malta p.l.c. – Senior Actuary*

Munich Re of Malta p.l.c. (MRoM) is a subsidiary of Munich Re with a portfolio of more than € 4bn premium stemming from group-internal retrocession and third party reinsurance in Life, Health and
Non-Life from markets all over the world. The business is written in close cooperation with the business units within the Munich Re Reinsurance Group.

We are looking for a suitable experienced candidate to join our dedicated team and contribute to acquiring new business and managing the inforce block. The (Senior) Actuary will work on a broad range of topics with international internal and external clients, with a primary focus on Life reinsurance business.

The position is located in Malta.

Your Job:

• Identification of internal retrocession and third party reinsurance new business opportunities, primarily in Life but also for Health and Non-Life in close cooperation with MR business units worldwide.
• Actuarial and holistic assessment of incoming business.
• Structuring of Life reinsurance transactions incl. support in Non-life and Health.
• Client Management and Business Development for the local Maltese Market.
• Management of incoming business according to MRoM’s risk appetite, capitalization and guidelines.
• Monitoring of business development, including impact on capitalization and profitability of MRoM.
• Streamlining internal processes and managing interfaces with Munich Re entities worldwide.

Your Profile:

• High level University degree.
• Qualified or student actuary under the German/US/UK or any equivalent actuarial education system.
• At least 5 years’ experience in life insurance/reinsurance within an actuarial role. Past exposure to Health or Non-Life reinsurance considered an advantage.
• Willingness to cope with a broad range of matters and be prepared to develop expertise beyond the current scope of knowledge.
• Very good understanding on profit testing, risk capital and capital related issues.
• Experience with underwriting guidelines and reinsurance treaty wordings. Ideally experience with Life pricing tools and financially motivated reinsurance.
• Fluent business English and ability to communicate with people at all levels.
• Good client management skills.
• Pro-active in applying problem solving and analytical skills.
• Performance orientation with a “can do” attitude.
• Good personal planning and organization skills.
• Commercial awareness and pragmatism.
• Good team player with cultural flexibility.

*Diversity Statement

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer.

About Us

Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote 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 pandemic, we take care of risk, so our clients can take care of their business.

Munich Re of Malta p.l.c. (C45422) is authorized and regulated by the Malta Financial Services Authority to carry on business of reinsurance in terms of the Insurance Business Act, 1998. The Company’s registered office is situated at Level 4, Whitehall Mansions, Ta’ Xbiex Seafront, Ta’ Xbiex´, XBX 1026, Malta.