Valuation Actuary (m/f/d)*

Company
Munich Re
Location
Munich , Germany

The Valuation Munich & Madrid team of the department „Corporate Finance” in our Life & Health division calculates the reserves and provides earnings analyses for all reporting bases relevant for Munich Re’s Life & Health reinsurance business written in continental Europe, Latin America and the Middle East. To complement our team we are looking for you, an enthusiastic and motivated individual who wants to contribute to the success of the business and the unit.

In this role, you will work closely with the other market experts in the valuation team, with pricing actuaries, data engineers and accountants. You will analyse portfolio data and reserve movements in order to identify drivers behind the business performance and you will share your insights in regular updates with the relevant stakeholders and feed them into results planning and business steering processes.

Your Job

• Understanding the business and contracts in relevant markets and conducting analyses of reserve movements and result drivers (IFRS/SII)
• Performing assumption reviews and model refinements ensuring high quality standards in the implementation and documentation
• Preparing data updates incl. quality assurance and coordinating the corresponding processes with the actuarial and the data management teams and other stakeholders
• Contributing to internal processes such as Value Based Management, Planning and participating in  ad-hoc projects

Your Profile

• Full or nearly completed actuarial qualifications and experience in at least one relevant actuarial topic (Solvency II, IFRS17, assumption setting, cash-flow modelling)
• Very good experience in communication with different levels as well as networking skills for establishing close connections with internal stakeholders
• Knowledge of cash-flow modelling tools (e.g. AXIS)
• Good knowledge of SQL and databases in general, knowledge of Python and related data transformation libraries, familiarity with Excel Pivots, Power BI and similar reporting solutions
• Strong command of spoken and written English

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel. 

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.

Sounds like you? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft
Lisa Schneider • HR Consultant
Königinstraße 107 • 80802 München • GERMANY