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Actuarial Analyst

Location Mumbai, India Job type Full-Time Work mode On-site Job level Professional Job ID 13372 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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Assist the Head of Valuation in carrying out all functions of the team, including the valuation of Munich Re India Branch Life & Health reinsurance business liabilities for statutory and internal reporting purposes, preparation of financial reports and analyses, and ensuring compliance with internal and external requirements relating to valuation of liabilities.

Your Role: 
  • Support the implementation of IFRS 17 as per local regulatory guidelines
  • Carry out the valuation of Life and Health business in South Asia (Statutory IRDA reporting, Solvency II, IFRS, actuarial modelling on AXIS)
  • Prepare corporate actuarial reports (IFRS reporting, business planning, solvency capital monitoring, shareholder reporting, regular interaction with the Finance team)
  • Share insights relating to business monitoring (experience analysis, monitoring and reporting)
  • Carry out the operations of the data management framework within the function
  • Support internal stakeholders such as Business Development, Pricing and Underwriting teams

    Your Profile: 

             Education & Experience

    • Actuarial professional who has completed Stage 1: Core Principles series (all 7) from IAI India or equivalent
    • Strong commitment to completing the actuarial qualification
    • Experience in a life insurance or reinsurance company’s valuation team preferred

      Competencies
    • Strong computer skills: Microsoft Excel, Power Query and SQL (essential), and VBA (preferred)
    • Exposure to actuarial software preferred (AXIS preferred)
    • Exposure to Indian statutory reporting, Solvency II and IFRS 17 preferred
    • Excellent technical and analytical skills, with a logical and concise approach and strong attention to detail
    • Self-motivated and able to work within a team environment; outcome-focused
    • Strong communication skills, with professional working proficiency in English (written and verbal)
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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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