Job Description

Actuarial Analyst (Intern)

Location
Singapore , Singapore
Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. We are now recruiting several exciting Internships for final year students to join our team (starting immediately or in January 2023 on a part-time or full-time basis) with the possibility of joining us permanently as a Graduate in the summer of 2023. The purpose of these positions is to assist in the AXIS modelling project related to pricing, valuation, experience study, solvency and planning issues. The AXIS model is used for internal and external reporting, monitoring the performance of the company, its ability to meet future obligations, and for capital and investment planning. Reporting to the Head of Actuarial Modelling & Experience Studies/Central Life Reserving Singapore Hub, you will work with other actuarial associates and actuaries in the Life & Health global team. Interns will be based on either of our teams and will involve the following responsibilities: Your job (Modelling & experience Study focused)

• Constructing product feature related tables in AXIS
• Ensuring appropriate assumptions including mortalities, lapses, interest rates and expenses for specific life health products
• Ensuring accuracy of cash flows for Business Projection, pricing, valuation, experience study and Embedded Value
• Maintaining and enhancing data control processes and systems used for financial reporting and experience study
• Providing assistance for financial reporting and experience analysis issues in an effective manner within the department as well as to other departments such as Valuation, Pricing, Terms of Trade, Marketing, Underwriting and Claims
• Exploring machine learning algorithms to assist with multivariate experience analysis

(Predictive Analytics focused)

• Exploring machine learning algorithms to gain insights from insurance data
• Developing user-friendly web interface to automate machine learning or experience study process
• Maintaining and enhancing experience study system and process
• Ensuring appropriate assumptions including mortalities, lapses, interest rates and expenses are used for specific life health products
• Ensuring accuracy of cash flows for Business Projection, pricing, valuation, experience study and Embedded Value
• Providing assistance for financial reporting and experience analysis issues in an effective manner within the department as well as to other departments such as Valuation, Pricing, Terms of Trade, Marketing, Underwriting and Claims

Your profile

• University Degree in Actuarial Science, Finance, Statistics, Mathematics or Computer Science
• Strong Excel (incl. VBA) and SQL (required)
• AXIS, Python, Power BI skills (desired)
• Superior attention to detail and accuracy
• Well-developed time management skills; ability to work independently while supporting the team work
• Exceptional communications skills (report writing and formal presentations)
• Basic knowledge of insurance/reinsurance products is preferable
• Ability to travel for business if needed (future potential requirement)

About us Find out Who we are, What we do, Our Strategy and How we can Support & Reward you Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.

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