Jobs Vacancies at Munich Re

Your Role:

• Manage the financial performance of MRAB’s Structured Solutions reinsurance treaties.
• Identify and implement improvements to the financial and risk management processes monitoring the in-force reinsurance portfolio, ensure the infrastructures meet our evolving business needs. 
• Perform experience and other investigations on the portfolio and make sound risk and profitability management recommendations.
• Coordinate with valuation teams, accounting teams, Regional Structured Solutions team and central units to fulfil the ongoing monitoring and reporting requirements
• Support the quarterly and annual Solvency II, IFRS and local statutory reporting (if applicable) of LH2 financial reinsurance transactions
• Provide up-to-date insights on the regulatory, market and economic factors that affect  the performance of MRAB’s Structured Solutions’ portfolio.
• Ensure compliance with the relevant regulatory requirements of  the portfolio and  the Munich Re Group standards.
• Train and develop MRAB Structured Solutions team in the fields of risk and profitability management.
• Senior contributor to the development and implementation of MRAB Structured Solutions strategy goals .

Your profile:

• Actuarial Qualification: Fellowship of a recognised Actuarial Society. 
• Minimum of 10 years’ experience in life insurance, reinsurance, actuarial consulting, corporate actuarial, financial reporting or life insurance auditing. Experience in insurance capital  management or investment market analysis will be beneficial.
• Technically strong in accounting, financial reporting and actuarial concepts.
• Sound understanding of Life & Health insurance and reinsurance markets in South Africa and other Sub-Saharan African markets.
• Detailed knowledge in insurance and financial services regulatory requirements and insurance accounting standards.

Our Benefits

• Life and Health Benefits
• Retirement Benefits
• Hybrid working environment
• Bonus Scheme
• Employee Assistance Program

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Job Description

• We are looking for a Client Manager in our Client Management Team for the Non-Life business to manage the substantial Munich Reinsurance Africa Branch (MRAB) portfolio and find new opportunities to grow with our clients. As part of the largest reinsurer in the world your job will involve delivering Munich Re value and service to our clients to ensure a leading position in the market. You will report to the Client Management Executive. You will not have any direct reports.

Your Role:

• Understand Munich Re's strategy/value proposition/unique selling proposition, sales approach (e.g. direct vs. broker), tactical steps and positioning of competitors compared to MR, and positioning of clients/brokers and their relevance for MR
• Develop an understanding of clients' strategy, decision-making landscape and business/financial needs (including capital requirements) to ensure deeper reinsurance engagement and reach
• Analyse market drivers, competition and broker environment/activities as well identify trends
• Develop strategies and plans to defend and grow client relationships
• Broaden MR's network, including for new business opportunities
• Align with internal teams e.g. Underwriting to develop a strategy for renewal, to develop tactical steps and negotiate the best outcome for Munich Re
• Develop and realise market/client approaches in cross-departmental teams; strengthen MR's value proposition through differentiation, services rendered together with different MR units (i.e. Insurance Consulting, Cyber)
• Convey the Munich Re Groups value propositions in a compelling way
• Use several channels to build the brand including social media, conferences, events and the like.
• Establish best practices for CRM-driven interaction between outside client, sales/underwriting teams, innovation and consulting.
• Develop knowledge across all lines of business, with the ability to identify risks, understand Reinsurance structures, and explain concepts to others, whilst building in-depth expertise in main classes of business

Your profile

• Advanced university (or other business) degree and professional designation with at least 5 years of hands-on, in-depth Non-Life (re-) insurance experience.
• High degree of client orientation.
• Has experience in project management methodologies and team leadership, with the ability to manage interdivisional projects.
• Ability to present and provide analysis up to and including the C Suite of multinational companies and governmental entities.
• Abstract reasoning skill.
• Ability to embrace what drives customer behaviour and decisions through analysis, based on both qualitative and quantitative data.
• Curiosity and entrepreneurialism with the ability to collaborate with others to set a vision and orchestrate a process to implement that vision.
• The ability to act in a consultative role with multiple stakeholder levels and areas of business.

Our Benefits:

• Life and Health Benefits
• Retirement Benefits
• Hybrid working environment
• Bonus Scheme
• Employee Assistance Program