Pricing Actuary

Your Role

Reinsurance Pricing

• Support quotation work by contributing to pricing recommendations. This will include preparing pricing inputs and assumptions, performing profit and sensitivity testing and scenario analysis, documenting outputs and quote discussions.
• Ensure pricing work aligns with Munich Re's global and regional pricing frameworks, profitability targets, and risk appetite, supporting regional pricing referrals where needed.
• Collaborate with Underwriting and Product Development Teams to evaluate client proposals and co-develop product solutions.
• Undertake experience studies on datasets across SEA markets to support the setting of pricing assumptions.
• Perform reviews of pricing quotations completed by other team members.
• Assist in the development and maintenance of pricing models and toolkits for life reinsurance products.

Cross-functional Collaboration and Support

• Collaborate with the Inforce Management Team to undertake data analytics projects, derive actionable insights to support product development, and strengthen Munich Re's position as a thought leader.
• Assist the Valuation Team in validating actuarial reporting figures to ensure consistency with pricing assumptions and experience trends.
• Support the Underwriting Team in the assessment of facultative cases, providing actuarial perspectives where required.
• Work closely with the Product Development Team and Medical Experts to develop and refine pricing bases that reflect the latest trends, medical outlook, and evolving market dynamics.

Your Profile

• Fellow or Associate of a recognised actuarial body, or working towards Fellowship/Associateship with substantial exam progress.
• Minimum 5 years of actuarial experience, including some experience in (re)insurance pricing.
• A solid understanding of protection-focused life and health insurance products in the Southeast Asian market is essential; experience in pricing multi-pay critical illness products would be an advantage.
• Familiarity with AXIS would be a significant advantage; familiarity with data analytics tools (e.g. SQL, Python or R) and methods is a plus.
• Proven ability to work independently and collaboratively within a team; demonstrates a results-oriented and proactive approach.
• Fluency in spoken and written English is essential. Knowledge of SEA languages would be an advantage.
• Strong communication, presentation, and stakeholder engagement skills, including the ability to convey technical concepts to non-technical audiences.