Actuarial Analyst

6 days ago


Mumbai, Maharashtra, India Munich Re Full time

We are seeking an actuarial student to support the Head of Pricing in the production of reinsurance quotes, pricing reports, and reinsurance treaties for the South Asian market.

Your Role:

  • 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 countries, 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 the development of pricing research and review of pricing parameters.
  • Assist in the development of analytical tools and actuarial models to help obtain maximum value from available information.
  • Assist in the production of quality internal management information and reports to assist the decision-making process.

Ad-hoc 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:

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.

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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