Job Description

To facilitate growth of Value Added New Business (VANB) of the allocated clients by assisting in the development of organic growth from existing treaties and supporting the development of organic growth from existing treaties and supporting the development of profitable new reinsurance opportunities.

• To carry out effective portfolio management and profitability of nominated clients' existing treaties.

• To enhance the overall business relationship with nominated current/potential clients

Your Role:
1. Support the development and implementation of new business opportunities for treaty clients and potential clients, focusing strongly on opportunities that will enhance VANB for Munich Re in India.2. Responsible for the overall client relationship for specified clients and work with other MR departments to ensure growth and profit contribution from specific clients3. Be a Relationship Manager for several clients, identify business development opportunities and facilitate in meeting business targets4. Supporting clients in New Business Initiatives: Conduct client workshops to understand client business philosophy and uncover client product related needs. Thereafter produce product recommendations and capital solutions for clients based on methodical and rigorous analysis.5. Managing existing business: To monitor and manage clients' treaty business including profitability and risk exposure. Focus on developing organic growth in existing treaties and rehabilitating loss making treaties.6. Document reinsurance terms in quotation/treaties and facilitate final treaty negotiations.7. Highlight the services and offerings Munich Re can provide and ensure MR is first choice partner for clients. Coordinate internally effectively to ensure maximum client satisfaction.8. Liaise with regional counterparts to share information and expand service offerings to clients.9. Promote Munich Re and its expertise through initiatives including presentations, seminars, client meetings, publications and surveys. Build individual and Munich Re India visibility in the market.Your Profile:1. A graduate degree in mathematical subject e.g. pure or applied mathematics, statistics, sciences, economics, finance (Essential) Fellow of Institute of Actuaries / Institute or Faculty of Actuaries in the UK or close to qualifying as Actuary from the stated institutes and relevant post qualification experience (Preferrable)2. Excellent written and spoken English are required 2. 5+ years of experience in Actuarial and related fields3. Ability to independently manage interactions with technical actuarial, underwriting and finance teams and regional stakeholders and external parties4. Superior interpersonal and time management skills5. A solutions-based approach with the ability for complex problem solving6. Strong analytical abilities including mathematical and statistical concepts7. Strong command of MS Office PowerPoint and Excel required8. Knowledge of data gathering and manipulation techniques and tools such as Access, SQL9. Willing to travel as needed0. Thorough knowledge products and regulations relating to Indian insurance industryAbout 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 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 individual life cover to pandemics, we take care of risks, so our clients can take care of their business. Across Asia Pacific, Middle East and Africa, we operate life and health and non-life reinsurance as well as primary insurance businesses, providing global career development opportunities and prospects to more than 1900 team members in 20 locations. We started supporting clients in the Indian market in 1951 and established our India Branch in Mumbai in 2017 to service the Non-Life and Life reinsurance markets in India, Sri Lanka and Bangladesh.

Munich Re