Job Description

Location

Mumbai, India

Job type

Full-Time

Work mode

On-site

Job level

Management & Leadership

Job ID

10770

Company

Munich Re

Employment type

Regular

Area of expertise

Actuarial & Risk Management

Manage and lead the business development team for India, Sri Lanka & Bangladesh geographies.

Responsible for the effective client portfolio management and profitability performance of target client's portfolios. Focus on strategic client acquisitions and services and on analyzing/ exploring new market potential. Develop product propositions, client service strategies and plans in line with client requirements, Munich Re's internal guidelines as well as regulatory and statutory provisions. As a part of Senior management team, contribute meaningfully to other management discussion and topics.

Your Role:

Key Responsibilities

:

Develop overall strategies and implement business plan to fulfil agreed financial targets within the general operating guidelines in the region. Develop marketing strategies to enhance revenue streams and identify new business opportunities through new product propositions. Lead the negotiation and acceptance of life reinsurance business according to Munich Re's pricing and underwriting standards. Acquisition of new and maintenance of profitable existing portfolios by way of developing innovative business solutions; generate profitable business opportunities through value added services. Proactively approach clients to identify business requirements and develop/ implement service strategies for each client. Supervise the efficient delivery of client service including coordinating client service requests. Direct research on market developments, client need changes, emerging threats and opportunities, and external best practices; continuously improve our service capability and quality. Actively participate in industry / professional forums and contribute to the matters of topical interest. Support the regional business development initiatives by collecting market intelligence on new products and market trends in the markets; participate in major consulting projects; encourage knowledge sharing and cooperation among various client service teams; promote the interest of other Asian offices. Client management for top clients (account planning and development of measures) and controlling/supporting Client Managers' work with major clients. Line and functional management: Responsibility for ensuring the staff members reporting to this position have the requisite specialist knowledge and qualifications. Further development of the competences required incl. end-of-training evaluations.

Your Profile:

Education:

Academic Qualifications: Bachelor degree in Business, Economics, Actuarial Science, Finance or equivalent; Professional Qualifications: Qualified Actuary from a reputed professional institute with a minimum of 10 years of post-qualification experience.

Experience:

Essential: Minimum 15 years of overall experience with a minimum of 5 years management experience within the actuarial domain of insurance and /or reinsurance sector Desirable: experience with the operation, products and service of Life insurance and/or reinsurance Excellent leadership and technical competence and/or long-term management experience in executive positions, effective team builder, delegator, and decision maker. Familiar with the latest technological developments Excellent analytical skills, strategic thinking, creativeness and organizational skills. Experience with client relationship management and project/process management. Initiative, highly entrepreneurial nature.

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.