Senior Actuarial Consultant
3 weeks ago
Role Overview
As the Senior Actuary for MRoA Structured Solutions, you will play a pivotal role in developing innovative reinsurance solutions to support the business goals of our life assurance clients. Reporting to the Head of MRoA Structured Solutions, you will be responsible for analyzing the financial, trading, and regulatory environment to identify areas where structured reinsurance solutions can add value.
Key Responsibilities
- Analyze financial, trading, and regulatory environments to identify areas where structured reinsurance solutions can support clients' strategic objectives.
- Develop innovative financial solutions that are compliant with regulatory requirements and Munich Re's risk appetite.
- Provide insights to enhance the MRoA Structured Solutions team's understanding of the Sub-Saharan region markets and identify potential business opportunities.
- Partner and coordinate with Regional Structured Solutions teams to design and develop best solutions for clients.
- Perform actuarial pricing of large/complex structured reinsurance quotes and review actuarial pricing carried out by team members.
- Lead the end-to-end project implementation, including negotiating contract terms with clients.
- Assume a leading role in technical due diligence and actuarial technical matters to ensure Munich Re Group's standards are met.
Requirements
- Actuarial qualification: Fellowship of a recognized Actuarial Society.
- 10+ years of experience in an insurance, reinsurance, actuarial consulting, or corporate actuarial role.
- Strong familiarity with accounting, finance, and actuarial concepts.
- Sound understanding of life and health insurance and reinsurance in South Africa and other Sub-Saharan markets.
- Strong knowledge of insurance and financial regulatory requirements and accounting standards.
- Excellent interpersonal and communication skills.
- Strong presentation and negotiation skills.
- Good command of actuarial modelling packages and MS Office suite.
About Munich Re
Munich Re is a leading provider of primary insurance, reinsurance, and insurance-related risk solutions. As a pioneer in risk assessment, we promote the digital transformation of the global insurance landscape and expand our products and services as new forms of risk emerge.
What We Offer
- Life and health benefits.
- Retirement benefits.
- Hybrid working environment.
- Bonus scheme.
- Employee assistance program.
- Wellness programs.
- Global mobility.
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