Reporting to the Head of Structured Solutions, you will provide oversight on markets in Munich Re’s APAC MEA locations (known as LH2), with an emphasis on the Japan market. The Structured Solutions team (SS) generates over 50% of LH2 new business value.
Your Role:
You will be responsible for the below, for Japan as well as other designated markets:
Strategic:
- Our markets range from mature (Australia, Japan), to emerging (e.g. Vietnam), from ones where SS transactions are standard (Japan, HK) to ones where they are currently not allowed (Thailand,…)
- Each market is analysed in conjunction with the local office to determine possible SS opportunities, and clients are segmented with a focus on the best potentials.
Structuring
- Each transaction is structured based on client needs, taking into account local and parent accounting requirements, local regulatory environment, and specific client capital, tax, volatility issues, as well as MR structural advantages
Pricing
- The products covered range from traditional life to unit linked products and their features need to be fully understood
- The underlying assumptions are key, as well as internal Munich Re requirements
- Deal Approval
- Each SS transaction needs to be thoroughly reviewed and vetted by the regional office, and depending on the size, by risk management and head office.
Infrastructure
- It’s key that our underlying guidelines, standards, templates and frameworks are kept up to date and communicated with local teams.
- Training of local and regional team
Your Profile:
- Fellow of a recognised actuarial body (FIAJ, FSA, FIA, FFA or FIAA)
- More than 20 years of actuarial experience (and ideally more than 10 years of experience in the Japanese life insurance market) – preferably with consulting and/or (re)insurance
- Experience with financially motivated transactions
- Excellent verbal & written communication skills in English and Japanese
- Demonstrated and capable management experience
- Knowledge of J-GAAP, J-SMR, J-ESR, Solvency II, IFRS, US GAAP & RBC developments
- Experience with a wide range of products, including unit linked and universal life
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us.
