Financial Reinsurance Business Advisor

Company
Munich Re
Location
Madrid , Spain

Financial Reinsurance is a global strategic initiative located at the core of Munich Re‘s 2025 Ambition. The initiative combines corporate finance, accounting, actuarial science, and regulatory expertise to provide our clients with reinsurance solutions that help them meet their financial and strategic objectives.

As part of this global initiative, a fully dedicated unit was created in 2021 with the scope of defining, executing and monitoring the financial reinsurance strategy for our Life and Health clients in Southern Europe and Latin America.

Following the consolidation and recent success cases of the unit, we want to ensure sustainability of our impact for Munich Re and are looking for a Business Advisor that, as a relevant part of the team, provides relevant portfolio management intelligence, best-in-class executing capability and excellent technical support to the unit. You will work in a talented and high performing team that is fully committed to meeting the unit’s ambitious business expectations.

Your Job:

Developing, implementing and managing a robust steering process, proposing the potential management actions as required
Being responsible for the preparation, validation and coordination of all financial reinsurance related internal and external deliveries
Developing a complete and transversal understanding of financial reinsurance strategy, providing relevant inputs observed in due portfolio management process
Identifying existing portfolio/technical improvement areas and defining potential solutions
Supporting the unit in all relevant market initiatives as requested by both the market advisors and structurers
Driving internal and external positioning with relevant stakeholders, including the regional Finance function
Participating in regional/global projects and working groups across MR

Your Profile:

Sound technical/business university degree with an economic or mathematical focus
+8 years of professional experience in insurance/reinsurance actuarial valuation fields
Professional experience in actuarial/insurance advisory services is a plus
Market-facing experience with extended capability to deeply understand clients’ needs
Knowledge of IFRS and Solvency II as well as structuring capital management solutions
Excellence in working collaboratively and efficiently in often virtual and international group dynamics
Result-oriented mindset combined with out-of-the-box thinking and organizational strength
Excellent written and verbal communication in Spanish and English

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.
Hybrid working: living the best of both worlds – we offer you a very flexible approach.

Apply now!

Apply for this Job!

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!