Actuarial Analyst

Job Purpose / Brief of Job Role

Assist the Head of Valuation in carrying out all functions of the team including the valuation of Munich Re India Branch Life & Health reinsurance business liabilities for Statutory and Internal reporting purposes, preparation of financial reports and analyses and ensuring compliance with internal and external requirements relating to valuation of liabilities.

Company
Munich Re
Location
Mumbai , India

Your role: 

• Support the Implementation of IFRS17 as per local regulatory guidelines
• Carry out the Valuation of Life and Health Business of South Asia (Statutory IRDA reporting, Solvency II, IFRS, Actuarial Modelling on AXIS)
• Prepare Corporate Actuarial reports (IFRS reporting, Business Planning, Solvency Capital Monitoring, Shareholder Reporting, Regular interaction with the Finance team)
• Share insights relating to Business Monitoring (Experience Analysis, Monitoring and Reporting)
• Carry out the operations of the Data Management framework within the function
• Support internal stakeholders like Business Development, Pricing and Underwriting teams

 

Your Profile: 

Education & Experience

• Actuarial student with at least 6 Core Principles series exams completed
• Strong commitment to complete the Actuarial course
• Preferably 2 to 3 years’ experience in life insurance or re-insurance company’s valuation team

Competencies

• Strong computer skills: Microsoft Excel, power query and SQL (essential) and VBA (preferred)
• Exposure to an actuarial software would be preferred (AXIS would be preferred)
• Exposure to Indian Statutory Reporting, Solvency II and IFRS17 would be preferred
• Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail
• Self-motivated and able to work within a team environment, outcome focused
• Strong communication skills in English (written and verbal) 
   

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 #LI-Hybrid