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.

TASKS RELATED TO MROM

• Contribute to Quality Assurance for IFRS 17 and SII quarterly closing of our Life&Health and Non-Life portfolios
• Support in the preparation of the IFRS 17 quarterly presentations for MRoM
• Support review/update of the ‘actuarial’ chapters in the Solvency and Financial Condition Report (SFCR) and in annual IFRS financial statements, including responding to assigned actuarial queries from external auditors
• Support the quarterly financial close process, including the reconciliation of Group vs. Local reporting figures
• Supporting the MRoM U/W team in view of actuarial/accounting issues prior to the conclusion of contracts
• Investigate and develop supporting analysis on data validations and correction processes
• Support the exchange with other business units on process improvements related to IFRS 17 cash flows and critical valuation assumptions

TASKS RELATED TO CLR IFRS O&A

• Support orchestration, central processing and quality assurance of quarterly closing and forecast data from international business units for Group and Local IFRS17 reporting
• Develop a deep understanding of our standardized input data model, calculation approaches and output validation tools to ensure functional accuracy and alignment with methodological guidance
• Facilitate development and maintenance of our reference calculators and reporting tools to enable consistent analysis, results consolidation and reliable explanations
• Contribute to management presentations with impactful analysis, drawing actionable insights from underlying data (actuarial and accounting), quarterly results, and projected trends
• Automate and digitize end-to-end IFRS processes, interfaces, workflows and controls
• Solve problems and learn about LH RI business, while building technical skills in Python, PowerBI, Databricks and more

Over the next few years, a key objective for the department will be the further development and automation of the valuation processes, analysis and reporting.. In this context, this position is an exciting opportunity with a hybrid role (about 50-50), providing exposure to one legal entity as well as our global operations. Specific focus areas for this role are:

• Supporting the Actuarial Function Holder of our subsidiary Munich Re of Malta p.l.c. (MRoM) according to Solvency II regulations and their Finance team in actuarial-related topics, tasks and projects related to data validation and correction, developing ad-hoc analysis, and participating in process improvements.
• Supporting the CLR IFRS Operations and Analytics (O&A) team with quarterly valuation activities and cross-functional initiatives geared towards the optimization of consistent reserving processes and reporting tools across LH RI