Regional Actuary, Structured Solutions

This is a new additional position in Munich Re (“MR”) LH2 Regional Structured Solutions team, and provides an exciting and challenging role with a focus on Structured Solutions deals. Being within the regional unit will also expose you to major insurance markets in the Asia Pacific, Middle East & Africa regions with opportunities to deep dive in selected markets.

Your Role

Strategic:

• Analyse the selected market in conjunction with the local offices to determine possible Structured Solutions opportunities, and segment clients with a focus on the best potentials
• Maintain knowledge of latest developments in the markets

Structuring:

• Contribute to establish the best structure for meeting client’s need, taking into account local and parent accounting requirements, local regulatory environment, and specific client capital, tax, volatility issues, as well as MR structural advantages

Pricing:

• Perform/review the necessary pricing tasks, including understanding the products covered, studying the underlying data, support experience investigations, setting pricing assumptions, and constructing pricing models
• Price/review proposed Structured Solutions deal to ensure that all risks are appropriately considered and MR’s pricing targets are being met
• Draft treaties in a clear and concise manner
• Liaise with the local offices, the other relevant MR internal stakeholders and the clients as deem appropriate

Deal Approval:

• Prepare/review the deal submission documents to the relevant internal stakeholder to ensure that each proposed Structured Solutions deal is thoroughly reviewed and vetted by the regional office, and depending on the size, by head office
• Work closely with the various internal stakeholders as required so that their needs are met and a successful internal approval can be received promptly

In-force Management:

• Assist in any regular or ad-hoc in-force management projects and tasks when required

Your Profile

• Fellow of a recognised actuarial body or equivalent (FSA, FIA, FFA or FIAA)
• More than 5 years of actuarial experience in a direct, reinsurance or consulting
• Good English verbal and written communication skills
• Knowledge of Solvency II, IFRS & RBC developments is beneficial
• Solid experience and technical grounding with spreadsheets (i.e. can perform complex functions)

Our Benefits:

• Flexible and hybrid working arrangements
• Generous annual leave allowance
• Competitive dental, life and health insurance coverage

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.