Singapore Job Openings
Munich Re
Actuarial Intern, Modelling
October 22, 2024
Munich Re
Location
Singapore , Singapore
Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. A unique position exists to be a part of that global success story.
There is an exciting opportunity for our incoming intern to gain hands on experience in our Central Life Reserving processes. You will support and coordinate the modelling activities related to pricing, valuation, experience study in the Asia, Australia and South Africa markets. Our team is embedded in Central Life Reserving team in Singapore, which is covering all relevant global and local valuation bases including Solvency II, IFRS17, IFRS9 and local statutory reporting.
Your Role:
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Support the regional modelling team in quarterly, annual, and ad-hoc modelling activities at a regional level, ensuring timely delivery of multiple internal and external reporting requirements. These include Group Solvency II, Group IFRS 17, Group IFRS 9, and local statutory reporting.
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Develop and maintain Valuation, Pricing, and Experience Study actuarial models using AXIS (training provided), ensuring high-quality modelling outputs that meet both local and group reporting standards, as well as experience study analysis requirements.
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Ensure the accuracy and up-to-date status of valuation data, assumptions, models, and processes, supported by comprehensive documentation.
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Utilize Gen AI to streamline data extraction, cleansing, and transformation for actuarial models. Innovate and implement AI-based tools for experience study analysis (improving the prediction of mortality, morbidity, and lapse rates) and report management.
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Provide assistance on various ad-hoc actuarial projects and tasks as needed.
Your Profile:
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Major in Actuarial Science, Mathematics, Statistics, or Computer Science related field.
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Strong analytical and problem-solving skills, with excellent interpersonal and communication abilities (both verbal and written).
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Familiarity with life and health insurance business operations is an advantage.
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Proficiency in MS Excel, with the ability to perform complex functions; knowledge of VBA, LLM and SQL is an advantage.
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Proficiency in programming languages such as Python or R is an advantage
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Familiarity with Gen AI models or tools is an advantage.
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Key traits: responsible, proactive, adaptable, detail-oriented, and a collaborative team player.
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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