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Marketing Actuary

Location Mumbai, India Job type Full-Time Work mode On-site Job level Professional Job ID 13646 Company Munich Re Employment type Regular Area of expertise Client & Customer Management
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Marketing Actuary

Ti

Location: Mumbai
Reporting to: Chief Marketing Actuary, South Asia

About Munich Re

Founded in 1880, Munich Re Group is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions.

As a leader in risk assessment, Munich Re supports the evolution of the global insurance landscape by addressing emerging risks—from cyber threats to pandemics—enabling clients to manage uncertainty effectively.

Across Asia Pacific, the Middle East and Africa, Munich Re operates life, health and non-life reinsurance as well as primary insurance businesses, with more than 1,900 employees across 20 locations. Munich Re has supported clients in India since 1951 and established its Mumbai branch in 2017 to serve India, Sri Lanka and Bangladesh.

Role Overview

To support the growth of Value Added New Business (VANB) for allocated clients by contributing to the development of organic growth within existing treaties and supporting the creation of profitable new reinsurance opportunities.

  • Enable effective portfolio management and contribute to the profitability of nominated clients’ existing treaties
  • Strengthen business relationships with current and prospective clients

Your Role

  • Support the development and implementation of new business opportunities for treaty clients and prospective clients, with a focus on enhancing VANB in India
  • Manage relationships with specified clients and collaborate with internal teams to drive growth and profitability
  • Act as a relationship manager for assigned clients, identifying business development opportunities and supporting achievement of business targets
  • Support clients in new business initiatives by conducting workshops to understand business objectives and product needs; develop product recommendations and capital solutions based on structured analysis
  • Manage existing business by monitoring treaty performance, profitability and risk exposure, with a focus on organic growth and improving performance of underperforming treaties
  • Document reinsurance terms in quotations and treaties and support final treaty negotiations
  • Communicate Munich Re’s service offerings effectively and collaborate internally to enhance client satisfaction

Your Profile

  • Graduate degree in a quantitative discipline such as mathematics, statistics, science, economics or finance (essential)
  • Fellowship of the Institute of Actuaries or Institute and Faculty of Actuaries (UK), or progress towards qualification, with relevant experience (preferred)
  • Relevant actuarial or related experience (typically 5+ years)
  • Ability to manage work independently while collaborating effectively with cross-functional and regional stakeholders
  • Strong analytical capability, including mathematical and statistical techniques
  • Strong command of PowerPoint and Excel
  • Knowledge of data handling and analysis tools such as Access and SQL
  • Demonstrates curiosity and develops in-depth knowledge of clients, reinsurance business, contract structures and regulatory environments
  • Good understanding of products and regulations within the Indian insurance industry

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 center 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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