Actuarial Analyst

6 days ago


Mumbai, Maharashtra, India Munich Re Full time

As a key member of our Pricing Team, you will support the Head of Pricing in producing reinsurance quotes, pricing reports, and reinsurance treaties for the South Asian market, specifically targeting India, Sri Lanka, and Bangladesh.

Your Role:

  1. Perform detailed actuarial analysis to price and monitor current Group Life portfolio, ensuring it generates profits in line with targets.
  2. Develop a thorough understanding of Munich Re, our Indian and Sri Lankan clients, the life insurance market in these countries, and major worldwide developments.
  3. Prepare reinsurance quotes for Group business, leveraging your analytical skills to optimize results.
  4. Collaborate with the Head of Pricing and Chief Actuary to deliver allocated projects related to actuarial activities.
  5. Assist in developing pricing research and reviewing pricing parameters to ensure accuracy and efficiency.
  6. Contribute to the development of analytical tools and actuarial models to extract maximum value from available information.
  7. Produce high-quality internal management information and reports to inform business decisions.

Your Skills:

Education & Experience

Essential:

  1. Actuarial Student with 3–4 actuarial exams cleared (CM1, CS1, and CS2 preferred).
  2. 0–1 year of experience or internship in the life insurance or actuarial domain.
  3. Strong computer skills, including Microsoft Office applications (Excel, Word, PowerPoint).

Good to Have:

  1. Knowledge of group and individual insurance products in the Indian market.
  2. R, SQL, VBA.

About Munich Re:

Munich Re Group is a world-leading provider 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.

We operate life and health, as well as non-life reinsurance and primary insurance businesses across Asia Pacific, the Middle East, and Africa, offering global career development opportunities and prospects to our team members.


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