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Actuarial Intern, Central Life Reserving (Valuation)

Location Singapore, Singapore Job type Full-Time Work mode Hybrid Job level Internship & Working Student Job ID 12262 Company Munich Re Employment type Temporary Area of expertise Actuarial & Risk Management
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Munich Re Group is one of the world’s leading providers of reinsurance. As pioneers in risk assessment, we drive the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high-net worth individuals to pandemics, we take care of risks so our clients can take care of their businesses. 

This is an exciting opportunity to join the local valuation team in Singapore. The team oversees the valuation, reserving and financial reporting for Life and Health business of Munich Re Singapore branch, covering both global and local valuation bases including Solvency II, HGB, MAS and IFRS (9 and 17).

The team’s responsibilities will be a good opportunity to combine accounting, actuarial science, modelling and regulatory knowledge to ensure sufficiency of reserves and insightful financial reporting to the senior management at Munich Re.

We are seeking interns available for a full-time commitment from May to December 2026 only – please apply only if you can commit to this period.

Your Role

  • Model new reinsurance treaties in AXIS.
  • Contribute to quarterly and annual Solvency II (SII) reporting for Singapore operations.
  • Assist with Group IFRS reporting and local IFRS (9 & 17) reporting, ensuring consistency and accuracy across reporting standards.
  • Collaborate closely with the local business team to meet ad-hoc reporting and analytical requirements.
  • Work closely with external teams during regular reporting cycles. 
  • Support automation initiatives and process enhancements to streamline valuation workflows.

Your Profile

  • Bachelor's degree in Actuarial Science, Mathematics, or Statistics.
  • Strong analytical, problem solving, research and time management skill.
  • Knowledge in MS Excel, VBA, SQL and/or Python is an advantage.
  • Knowledge of IFRS17 standards and/or AXIS is an advantage.
  • Past internship experience in valuation roles is also an advantage.

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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