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Senior Business Development Manager

Location Beijing, China Job type Full-Time Work mode Hybrid Job level Professional Job ID 9986 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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Munich Re Markets (MRM) is a specialized division within Munich Re, dedicated to providing market risk transfer solutions to insurance companies globally. Distinguished from traditional reinsurance operations, MRM focuses on enabling insurers to manage financial market risk through its advanced hedging and administration platform. Our transaction portfolio includes reinsurance solutions for innovative savings and retirement products, capital management projects, and strategic risk transfer arrangements.

As part of our business needs in China, we are looking for an experienced professional to join the MRM team in Beijing. You will report to our Senior Consultant of MRM China, will lead and responsible for sign-offs for local GAAP and Solvency reporting work. You will have the opportunity to build and maintain relationships with clients in the China market. You should have a deep understanding of local regulatory and valuation requirements, a strong background in life insurance products, and a proven track record of client management. Excellent communication skills are also essential, allowing you to collaborate with internal stakeholders, clients, and external partners.

Your Role

  • Establish and maintain effective measures and procedures, including important controls and control assessments on both local GAAP and Solvency reporting;

  • Provide support to the central valuation team in preparing financial reports under(IFRS, China GAAP, C-ROSS, and other management reporting frameworks, ensuring accuracy and compliance with regulatory requirements.

  • Ensure the accuracy, completeness of seriatim data, models, and processes

  • Manage the implementation and ongoing operational processes of transactions, ensuring effective risk transfer and compliance with regulatory requirements.

  • Foster close working relationships with internal and external stakeholders

  • Provide support for ad-hoc projects and tasks as required

  • In the long term, you will also be expected to:

    • Help drive origination activities for MRM business in the China market

    • Develop relationships with insurers, banks, and other financial institutions to identify and develop new opportunities

    • Stay up to date with regulatory developments and market trends to anticipate client needs and drive innovative solutions

    • Work with internal teams to customize, negotiate and execute solutions tailored to client needs

    • Work and collaborate closely with internal and external stakeholders.

Your Profile

  • A minimum of 10 years of experience in the life insurance industry, with proven valuation experience

  • Qualified Actuary with strong analytical and conceptual skills

  • Experience working in a Consultancy would be advantageous

  • Excellent stakeholder management skills, to navigate the complexities of a global organization, build strong relationships, and drive business outcomes.

  • Fluency in both spoken and written English and Mandarin is mandatory, to collaborate with global and local stakeholders

  • Familiarity with capital market instruments is desirable

Our Benefits:

  • Competitive annual leave entitlement

  • Comprehensive life and health insurance coverage

  • Market-competitive retirement scheme

  • Flexible and hybrid working arrangements

  • Employee assistance program

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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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