Job Description

Vice President, Origination - Munich Re Markets SEA

Career Level 3
Location
Singapore , Singapore
Munich Re Markets (“MRM”) is a group within Munich Re specialising in market risk transfer solutions for life insurance companies worldwide. The group is differentiated from the traditional reinsurance business by its focus on helping insurers manage financial market risk with MRM’s internal hedging and administration platform. Sample transactions include reinsurance for new savings and retirement products, capital management, and strategic risk transfer purposes. An exciting opportunity exists for a mid-career Actuary with 5-10 years of experience to join the Munich Re Markets team in Singapore to develop and execute structured financial risk solutions for insurance clients throughout South East Asia. The ideal candidate is an actuary with a primary knowledge of insurance product development, pricing, sales and operation, and secondary knowledge of Insurers’ balance sheet management, solvency calculations and reporting. Your job Reporting to the Head of Origination for MRM SEAsia, your tasks will include: Business Development

• Assist origination of MRM business throughout SEA markets with a focus on:
  • Localizing new savings and retirement products to fit local actuarial, regulatory, and accounting practice
  • Analyzing solvency and accounting impacts of MRM solutions on insurance balance sheet and key ratios
• Develop Client relationships with an ability to lead detailed technical discussions on actuarial, accounting, and regulatory topics

Deal Execution

• Conduct detailed actuarial and/or financial analyses, including technical calculations
• Explanation of transaction terms to Clients and managing external deliverables
• Co-ordination with internal Deal Team, external Clients, and relevant 3rd parties across multiple jurisdictions
• Facilitate internal deal approvals processes

Your profile

• Qualified Actuary
• Approx. 5-10 years of work experience in Life Insurance preferably in either Actuarial Consulting, Product Management or Valuation functions
• Strong understanding of technical actuarial calculations
• Demonstrated experience in developing and or managing insurance products in SEA markets
• Ability to network and possess excellent analytical and conceptual skills
• Strong presentation skills, particularly for technical materials
• Strong team skills, stakeholder management and a motivation to work in a global organisation
• Must possess an entrepreneurial attitude and demonstrated successes in business development
• Willingness to travel

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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At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.