Chief Marketing Actuary

3 days ago

Mumbai, Maharashtra, India Munich Re Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Location

Mumbai, India

Job type

Full-Time

Work mode

On-site

Job level

Management & Leadership

Job ID

10770

Company

Munich Re

Employment type

Regular

Area of expertise

Actuarial & Risk Management

Manage and lead the business development team for India, Sri Lanka & Bangladesh geographies.

  • Responsible for the effective client portfolio management and profitability performance of target client's portfolios.
  • Focus on strategic client acquisitions and services and on analyzing/ exploring new market potential.
  • Develop product propositions, client service strategies and plans in line with client requirements, Munich Re's internal guidelines as well as regulatory and statutory provisions.
  • As a part of Senior management team, contribute meaningfully to other management discussion and topics.

Your Role:

Key Responsibilities:

  • Develop overall strategies and implement business plan to fulfil agreed financial targets within the general operating guidelines in the region.
  • Develop marketing strategies to enhance revenue streams and identify new business opportunities through new product propositions.
  • Lead the negotiation and acceptance of life reinsurance business according to Munich Re's pricing and underwriting standards.
  • Acquisition of new and maintenance of profitable existing portfolios by way of developing innovative business solutions; generate profitable business opportunities through value added services.
  • Proactively approach clients to identify business requirements and develop/ implement service strategies for each client. Supervise the efficient delivery of client service including coordinating client service requests.
  • Direct research on market developments, client need changes, emerging threats and opportunities, and external best practices; continuously improve our service capability and quality. Actively participate in industry / professional forums and contribute to the matters of topical interest.
  • Support the regional business development initiatives by collecting market intelligence on new products and market trends in the markets; participate in major consulting projects; encourage knowledge sharing and cooperation among various client service teams; promote the interest of other Asian offices.
  • Client management for top clients (account planning and development of measures) and controlling/supporting Client Managers' work with major clients.
  • Line and functional management: Responsibility for ensuring the staff members reporting to this position have the requisite specialist knowledge and qualifications. Further development of the competences required incl. end-of-training evaluations.

Your Profile:

Education:

  • Academic Qualifications: Bachelor degree in Business, Economics, Actuarial Science, Finance or equivalent;
  • Professional Qualifications: Qualified Actuary from a reputed professional institute with a minimum of 10 years of post-qualification experience.

Experience:

  • Essential: Minimum 15 years of overall experience with a minimum of 5 years management experience within the actuarial domain of insurance and /or reinsurance sector
  • Desirable: experience with the operation, products and service of Life insurance and/or reinsurance
  • Excellent leadership and technical competence and/or long-term management experience in executive positions, effective team builder, delegator, and decision maker.
  • Familiar with the latest technological developments
  • Excellent analytical skills, strategic thinking, creativeness and organizational skills.
  • Experience with client relationship management and project/process management.
  • Initiative, highly entrepreneurial nature.

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