Job Description

Munich Re of Malta p.l.c. (MRoM) is a subsidiary of Munich Re with a portfolio of more than € 4bn premium stemming from group-internal retrocession and third party reinsurance in Life, Health and
Non-Life from markets all over the world. The business is written in close cooperation with the business units within the Munich Re Reinsurance Group.

We are looking for a suitable experienced candidate to join our dedicated team and contribute to acquiring new business and managing the inforce block. The (Senior) Actuary will work on a broad range of topics with international internal and external clients, with a primary focus on Life reinsurance business.

The position is located in Malta.

Your Job:

• Identification of internal retrocession and third party reinsurance new business opportunities, primarily in Life but also for Health and Non-Life in close cooperation with MR business units worldwide.
• Actuarial and holistic assessment of incoming business.
• Structuring of Life reinsurance transactions incl. support in Non-life and Health.
• Client Management and Business Development for the local Maltese Market.
• Management of incoming business according to MRoM’s risk appetite, capitalization and guidelines.
• Monitoring of business development, including impact on capitalization and profitability of MRoM.
• Streamlining internal processes and managing interfaces with Munich Re entities worldwide.

Your Profile:

• High level University degree.
• Qualified or student actuary under the German/US/UK or any equivalent actuarial education system.
• At least 5 years’ experience in life insurance/reinsurance within an actuarial role. Past exposure to Health or Non-Life reinsurance considered an advantage.
• Willingness to cope with a broad range of matters and be prepared to develop expertise beyond the current scope of knowledge.
• Very good understanding on profit testing, risk capital and capital related issues.
• Experience with underwriting guidelines and reinsurance treaty wordings. Ideally experience with Life pricing tools and financially motivated reinsurance.
• Fluent business English and ability to communicate with people at all levels.
• Good client management skills.
• Pro-active in applying problem solving and analytical skills.
• Performance orientation with a “can do” attitude.
• Good personal planning and organization skills.
• Commercial awareness and pragmatism.
• Good team player with cultural flexibility.