Reserving Actuary - Global Oversight (m/f/d)*

at  Munich Re

FOR CENTRAL RESERVING DEPARTMENT GLOBAL OVERSIGHT

Central Reserving (CR) uses quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s group-wide non-life business. This includes continuous monitoring of the group’s reserve position, and the further development of actuarial methods, the underlying systems and tools. Additional responsibilities include the assessment and quantification of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions.
To complement our team of experts in Central Reserving Global Oversight, we are looking for enthusiastic individuals who are motivated by performing quantitative and technical analyses and translating them into a reporting and business context. In your role, you will be able to get a broad overview of the non-life business of the Munich Re Group, and you will contribute with your expertise to the analysis and further development of various reserving topics and support the IFRS17 Group closing process.

Your Role

• Performing quantitative and qualitative analyses of portfolios in the context of reserve valuations for annual financial statements, reserve reviews or special actuarial analyses
• Monitoring and analyzing reserving key figures including communication of results to key stakeholders
• Participating in the further development of the systems and tool infrastructure for actuarial analyses as well as internal and external reporting requirements
• Collaborating with Munich Re entities across the world to ensure adequate levels of reserves, and efficient and consistent reporting of reserving figures
• Acting as key contact person for one of the Munich Re entities, providing state-of-the-art support for the local reserving actuaries
• Bing actively involved in IFRS17 Group closing and reporting activities; supporting the reporting of financials by providing technical and actuarial support
• Preparing communication and addressing information requirements on reserving topics for various internal and external stakeholders such as board committees, business units and auditors

Your Profile

• University degree in mathematics or a similar qualification with a strong quantitative focus
• Actuarial qualification (e.g. DAV, FIA, FCAS or equivalent) from an internationally recognized body started or completed
• Actuarial experience in loss estimation (e.g. in pricing, reserving, underwriting, risk management), preferably in the non-life area
• Strong affinity to working with large data sets, experience with programming languages such as R and SQL, strong knowledge of Excel, PowerBI and PowerQuery
• Strategic thinking, excellent analytical and conceptual skills with strong problem recognition and solving skills and a solution oriented mindset
• Ability to explain technical concepts to non-technical audiences
• Strong team player, enthusiasm to collaborate with other teams and departments, also on a global basis
• Very good command of English, and knowledge of German desirable

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.

• Performing quantitative and qualitative analyses of portfolios in the context of reserve valuations for annual financial statements, reserve reviews or special actuarial analyses
• Monitoring and analyzing reserving key figures including communication of results to key stakeholders
• Participating in the further development of the systems and tool infrastructure for actuarial analyses as well as internal and external reporting requirements
• Collaborating with Munich Re entities across the world to ensure adequate levels of reserves, and efficient and consistent reporting of reserving figures
• Acting as key contact person for one of the Munich Re entities, providing state-of-the-art support for the local reserving actuaries
• Bing actively involved in IFRS17 Group closing and reporting activities; supporting the reporting of financials by providing technical and actuarial support
• Preparing communication and addressing information requirements on reserving topics for various internal and external stakeholders such as board committees, business units and auditor