The Life team provides reinsurance services for the life industry in Australia and Recent Zealand.

The Life team operates in Retail, Group and Direct markets.

We have expertise in many areas, such as product, pricing, claims management underwriting.

The Commercial team oversees MRA’s client relationships, with a focus on Retail and Direct insurance. The team provides advice into all aspects of pricing, product design, claims, underwriting. The team also brings Munich Re’s global insights and capabilities to the Australian and New Zealand market.

Your Role

Leading projects to drive technical assessments and commercial outcomes in a cross functional environment

Performing actuarial modelling, analysis and reporting in support of:

Profitability analyses on in force portfolios

Recommendation on pricing of existing business

Client requests for changes to existing business (including updated product definitions, changes to underwriting processes, etc.)

Pricing of new products and treaties

Enhancing internal models and processes to improve efficiency

Working with internal SMEs and clients to agree changes to Treaty documentation

Develop and build client relationships and support MRA’s client strategy





Support the effective management of commercial negotiations including engagement with key internal and external stakeholders

Your Profile

Up to 5 years post-qualification experience as an Actuary, in a Life (re)insurance pricing or reserving environment

Knowledge of relevant insurance law in Australia and New Zealand

Strong knowledge of individual and/or group risk products – product features, benefits, pricing, reserving, for the Australian and NZ markets

Strong modelling and Excel skills

Engaging - Effectively communicate, share knowledge and support initiatives and projects

Problem solving – ability to proactively consider, research and recommend pragmatic solutions to tasks and problems

Interpersonal – ability to build and maintain effective professional relationships with all stakeholders based on trust and a constructive and collaborative approach

FIAA Qualified, or well-progressed towards qualification.

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.

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📌 Pricing Actuary (Life Insurance) (Sydney)
🏢 Munich Re
📍 Sydney