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Head, Group Business- Life
Location Mumbai, India
Job type Full-Time
Work mode On-site
Job level Professional
Job ID 11551
Company Munich Re
Employment type Regular
Area of expertise Client & Customer Management
Lead and manage the Group Life business for Munich Re India, focusing on employer-employee and affinity segments along with other short-term (yearly renewable) business.
- Responsible for profitable growth, strategic direction, and operational excellence of the Group Life portfolio
- Responsible for the effective client portfolio management and profitability performance of target client's portfolios.
- Focus on strategic client acquisitions and develop client service strategies.
Your Role:
- Develop and implement business strategies to achieve profitable growth in the Group Life segment (employer-employee and affinity business).
- Drive acquisition and retention of group clients, ensuring high service standards and innovative solutions.
- Monitor and manage portfolio profitability, risk, and operational efficiency.
- Collaborate with internal stakeholders (actuarial, underwriting, claims) to deliver client-centric solutions.
- Identify and capitalize on new business opportunities and emerging market trends.
- Ensure compliance with regulatory and internal guidelines.
- Represent Munich Re in industry forums and client meetings as a subject matter expert for Group Life business.
- Mentor and develop team members, fostering a high-performance culture.
Your Profile:
Education:
- Academic Qualifications: Bachelor’s degree in Business, Economics, Actuarial Science, Finance or equivalent
- Professional Qualifications: MBA or equivalent master’s degree in Sales,
- Completion of a few actuarial exams is an advantage
Experience:
- Minimum 10 years of experience managing group employer-employee and affinity business in life insurance/reinsurance.
- Proven track record of managing group business profitably.
- Strong leadership, client management, and business development skills.
- Excellent analytical, strategic thinking, and organizational abilities.
- Demonstrates strong initiative and a highly entrepreneurial mindset.
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.
See the area you’ll be working in
Get an idea of what your daily routine around the office can be like.
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