Munich Re Markets: Valuation & Reporting Actuary (m/f/d)*
Munich Re Markets: Valuation & Reporting Actuary (m/f/d)*
Munich Re Markets: Valuation &
Reporting Actuary (m/f/d)*
Standort
München, Germany
Munich Re Markets structures and administers bespoke reinsurance solutions for Munich Re’s life insurance clients
with a focus on clients’ products in the savings, retirement and investment space. These transactions typically involve
combinations of financial markets and insurance risks while delivering a capital and/or risk management impact
relevant to an insurers corporate finance management and planning.
Business written thus far as well as the existing pipeline offer a very interesting and insightful mixture of insurance
contracts, the majority of which is measured as financial instruments (IFRS 9), and a smaller part as insurance
contracts (IFRS 17). The section is responsible for a broad range of tasks around monitoring and reporting of this
business, with divisional interfaces to the risk management, the reserving division, controlling, as well as to risk carriers
in various countries (e.g. in Switzerland, Malta and China).
Reporting duties are formally recurring, but the content is always different due to a variety of reasons and effects, not
just because of the multitude of standards we have to comply with.
Further to these duties, we shape our future by ultimately striving for the highest possible automation of our processes.
A high degree of automation is required to further scale up our business and, in the end, to enable the division to
succeed with its ambition.
Are you a self-motivated number cruncher with a passion for high-quality coding? Are you interested in working in a
multinational and interdisciplinary team? Then a multitude of challenging tasks awaits you!
Your Job
Your Profile
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
Rewards & Recognition
Münchener Rückversicherungs-Gesellschaft
Lisa Schneider
HR Consultant
* 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.
Apply now!
Reporting of the division’s life reinsurance business according to Solvency II and Munich Re’s internal value-based
management
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Execute further reporting tasks, which could be in the sphere of either IFRS 17, or our non-hedged business or
comprehensive reporting for our internal primary insurance carrier
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Drive further automation by detecting and closing gaps by coding (we essentially use R & SQL)
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Contribution to other tasks of the team, one-off or recurring, such as the overarching quality assurance and
processes around internal and external audit
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University degree in (actuarial/finance) mathematics, physics or informatics; ongoing or completed training for
fellowship in an actuarial society is considered an asset
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Advanced skills in R & SQL, with JAVA being an advantage
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At least 2 years of experience in (re-)insurance (Life or Risk Management/Reserving), investment banking,
consultancy or in related areas, ideally with some knowledge in valuation models, International Reporting Standards
(IFRS 9/17), European and/or Chinese regulatory standards (Solvency II/C-ROSS)
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Experience in project work and, ideally, project management
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Excellent analytical and conceptual skills
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Fluent business English; German would be considered an advantage
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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.
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Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills
and accelerating growth.
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Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of
career growth opportunities for you.
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Competitive salary: appropriate compensation for your high level of commitment.
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Retirement provision: state of the art in-house pension solutions.
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Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
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Health management: focus on your physical and mental health far beyond legal requirements.
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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.
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