Munich Re Beijing Branch, part of Munich Re, the world’s largest reinsurer, is seeking a Chief Actuary, to lead the actuarial function for Life & Health business in Greater China, overseeing Pricing, Valuation & Reporting, and Experience Analysis activities to support sustainable business growth, sound risk management, and regulatory compliance.
The position is based in Beijing and reports to the CEO Life & Health GC & CEO HK.
Your Role
Actuarial Leadership & Team Management
- Lead, manage, and develop a team of actuaries and analysts across Pricing, Valuation, and Experience Management.
- Foster a high-performance culture focused on technical excellence, innovation, collaboration, and talent development.
Pricing Oversight
- Providing support and advice to the various business units in Mainland China on product risks and pricing, including new product development, product innovation, portfolio optimization, and reinsurance solutions.
- Ensure pricing methodologies, assumptions, and documentation are aligned with Munich Re standards and governance requirements.
- Approve reinsurance quotations within delegated authority and manage referrals to regional or global committees for transactions exceeding local authority.
Valuation, Reporting & Actuarial Governance
- Lead valuation and reporting activities, ensuring timely and accurate delivery of actuarial analyses, financial forecasts, valuation assumptions, and management reporting.
- Oversee actuarial models used for pricing, valuation, forecasting, and business planning, ensuring ongoing enhancement and governance.
- Ensure compliance with relevant accounting, regulatory, and actuarial standards, including IFRS, local solvency frameworks, and internal requirements.
- Partner with Finance, Risk Management, and Regional Actuarial functions to ensure consistency and transparency of actuarial results.
Experience Analysis & Data Analytics
- Oversee experience investigations and portfolio monitoring across mortality, morbidity, lapse, health claims, and other relevant risk drivers.
- Lead the development and implementation of data-driven insights to support underwriting, pricing, portfolio management, and strategic decision-making.
- Drive continuous improvement in data quality, analytical capabilities, and actuarial processes.
Stakeholder Management & Market Representation
- Represent the company in industry forums, actuarial associations, conferences, seminars, and client events.
- Lead strategic and cross-functional projects supporting business transformation, operational efficiency, and market development.
Your Profile
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative discipline
- Qualified Actuary with a minimum of 15 years’ experience in life and health (re)insurance with sound knowledge of the Greater China markets
- Excellent leadership and people development capabilities.
- Strong communication, presentation, and stakeholder management skills.
- Ability to influence and collaborate across functions and cultures.
- Fluent in English and Chinese.
We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.