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Munich Re is hiring a

Chief Marketing Actuary (L&H)

Chief Marketing Actuary - South Asia - Life & Health

Company: Munich Re

Location: Mumbai, India

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 the senior management team, contribute meaningfully to other management discussions and topics.

Your Role:

Key Responsibilities:

  • Develop overall strategies and implement business plans to fulfill 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.
  • Acquire new and maintain profitable existing portfolios by 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.
  • Support regional business development initiatives by collecting market intelligence on new products and market trends; participate in major consulting projects; encourage knowledge sharing and cooperation among various client service teams.
  • 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.

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, creativity, and organizational skills.
  • Experience with client relationship management and project/process management.
  • Initiative, highly entrepreneurial nature.
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