While seated in Madrid, the position will report directly to the Life & Health Regional Manager based in Bogotá. The Munich Re office in Bogota is responsible for developing, underwriting and pricing Life Reinsurance Business in the region.
The Senior Actuary will join a community of life and health actuarial experts across Latin American and Southern Europe (Spain, Portugal, and Italy).
Technical servicing of clients in the South American markets (excluding Brazil), in particular with the acquisition of new business and the maintenance of existing business, with targeted support for the Client Management & Business Development teams.
Derivation of best estimate pricing bases for the South American markets and their timely actualization, ideally based on biometric studies.
Reinsurance pricing and valuation.
Support of product development initiatives, in close cooperation with MR experts in Madrid and Munich.
Support in structuring, pricing and negotiating FinMoRe opportunities.
Support in monitoring and valuation of existing and new business, including Data Management for portfolio data.
Execution of risk management processes, especially high-risk processes.
Support in internal audits, projects and working groups.
Travel requirement : it is expected that the Senior Actuary will make quarterly trips to the region (15-20% travel requirement)
Education : University degree, ideally in Mathematics or similar major.
Demonstrate mastery of concepts related to life reinsurance pricing, including life contingencies, probabilities, reserving, and basic modelling.
Ideal candidate brings multi-year experience in life reinsurance pricing, ideally in different markets or products.
Fluent in Spanish and very good business English.
The candidate should demonstrate a high degree of : Independence and ability to set priorities.Motivation to work in teams and spread knowledge.
Communication skills.Analytical skills.Personal responsibility and ownership.Ability to work under time pressure.