CEO Retakaful

Location

Kuala Lumpur, Malaysia

Job type

Full-Time

Work mode

Hybrid

Job level

Management & Leadership

Job ID

11423

Company

Munich Re

Employment type

Regular

Area of expertise

Actuarial & Risk Management

Munich Re Malaysia Branch, part of Munich Re, one of the world's leading reinsurers, is recruiting for a CEO to lead the Family (Life) Retakaful operations and strengthen its position as the leading Family Retakaful operator worldwide. You will provide leadership and vision, and assume overall responsibility for the development and management of the business in accordance with the Group Strategy and Guidelines.

The position is based in Kuala Lumpur and reports to the Head of Regional Market Reinsurance Middle East and Africa & Munich Re Retakaful.

(Please note that the job posting will close on 9th January. All applicants will be updated accordingly, in early January).

Your Role

Branch Management:

• Responsible for the management and supervision of the Malaysian Branch.
• Represent the Malaysian Branch towards the local regulatory authorities.

Business Development & Inforce Management:

• Responsible for the profitable acquisition and management of the family retakaful business within Asia with expansion further afield in due course.
• Close cooperation with our Munich Re Dubai office for managing retakaful clients from the MENA & Pakistan region.
• Develop, define and implement the strategies, objectives and business plan to fulfil agreed financial targets within the general operating guidelines.
• Maintain top-level client contacts and relationships, develop new business opportunities and acquire new business and new client contacts on the strategic and operational levels.
• Management of existing accounts.

People Leadership:

• Lead and manage the Malaysian Branch team.
• Responsible for ensuring the staff members reporting to this position have the requisite specialist knowledge and qualifications.
• Responsible for the development of technical specialists-in-training and supporting the development of management candidates.
• Develop and implement guidelines and authorities. Guide and define internal processes based on analysis of the relevant figures and information. Ensure that agreed guidelines and procedures are being adhered to.

Industry and Thought Leadership:

• Be seen as leading industry expert and thought leader in all matters related to Family Retakaful
• Represent Munich Re in industry functions as the opinion leader, promoting development of the Family Retakaful market and Munich Re's image as a professional retakaful operator with superior local and global knowledge.
• Support Life and Health activities and projects in other Munich Re business units as required.

Your profile

• Advanced university (or other business) degree and professional designation
• At least 10 years of hands-on Life (re)insurance and (re)takaful experience.
• Qualified Actuary (e.g. FSA, FIA or equivalent).
• Excellent leadership and long-term management experience in senior executive positions, preferably in an international environment.
• High degree of client orientation.
• Strategic thinking, creativity and strong analytical and organizational skills.
• Excellent communication, presentation and negotiation skills.
• Effective team builder, manager, and decision maker.
• Fluent in spoken and written English and Bahasa Malaysia.

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 centre of this interaction is each of us.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.