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27/09 Nishigandha Mandlik
HR at Munich Re

Views:47 Applications:6 Rec. Actions:Recruiter Actions:0

Munich Re - Actuarial Analyst - Pricing Life & Health Insurance (2-3 yrs)

Mumbai Job Code: 1160891

Munich Re Role Profile


Job Title: Actuarial Analyst Pricing L&H


Base Location: Mumbai


Reporting To: Deputy Head of Pricing


Experience: 2-3 years


Job Purpose / Brief of Job Role:


To assist the Deputy Head of Pricing in the production of reinsurance quotes, pricing reports and designated projects


Key Responsibilities :


1. Perform detailed actuarial analysis to price and monitor current Group and Individual Life portfolios in order to generate profits in line with targets.


2. Develop a thorough and up to date knowledge of Munich Re, our Indian and Sri Lankan clients, life Insurance market in these counties and of major worldwide developments.


3. Prepare reinsurance quotes for Individual and Group business.


4. Support the Deputy Head of Pricing/ The Chief Actuary in the delivery of allocated projects, relating to Actuarial activities.


5. Assist in development of pricing research and review of pricing parameters.


6. Assist in development of analytical tools and actuarial models to help obtain maximum value from available information.


7. Assist in Production of quality internal management information and reports to assist the decision making process.


8. Adhoc activities liaise with claims, fac underwriters, client managers periodically


Education & Experience:


Essential:


- Actuarial student with good progress in the actuarial exams.


- Strong commitment to complete the Actuarial course.


- 2-3 years of experience in a direct life/ reinsurance office.


- MS excel, VBA


Good to Have:


- Knowledge of individual and group risk products in the Indian market, including product features, benefits, capital adequacy requirements and reserving approaches


- SQL, Axis


Munich Re Role Profile :


Job Title: Actuarial Analyst Pricing L&H


Base Location: Mumbai


Competencies:


- Understanding clients and markets


- Accepting change and taking initiative


- Prioritising and bringing about decisions


- Striving to achieve the best possible solutions


- Learning through cooperation with others


About Munich Re:


Founded in 1880, Munich Re Group is one of the worlds 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.


Find out Who we are, What we do, Our Strategy and How we can support & Reward you


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Women-friendly workplace:

Maternity and Paternity Benefits

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