Actuarial Analyst
1 month ago
Your Role:
Key Responsibilities
- Perform detailed actuarial analysis to price and monitor current Group Life portfolio in order to generate profits in line with targets.
- 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.
- Prepare reinsurance quotes for Group business.
- Support the Head of Pricing and Chief Actuary in the delivery of allocated projects, relating to Actuarial activities.
- Assist in development of pricing research and review of pricing parameters.
- Assist in development of analytical tools and actuarial models to help obtain maximum value from available information.
- Assist in Production of quality internal management information and reports to assist the decision making process.
Adhoc activities - liaise with valuation, analytics, claims, fac underwriters, client managers periodically
Your Skills:
Education & Experience
Essential :
- Actuarial Student with 3 - 4 actuarial exams cleared (CM1, CS1 and CS2 preferred)
- 0 -1 year experience / internship in the life insurance or actuarial domain
- Strong computer skills e.g. Microsoft Office applications (Excel, Word, PowerPoint)
Good to Have:
- Knowledge of group and individual insurance products in the Indian market
- R, SQL, VBA
About Munich Re:
Founded in 1880, Munich Re Group is one of the world's 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.
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