Munich Re Markets - Junior Valuation & Reporting Actuary (m/f/d)*

Standort München, Deutschland Art der Arbeit Vollzeit Arbeitsform Hybrid Job level Berufseinsteiger Job ID 13583 Unternehmen Munich Re Anstellungsart Unbefristet Fachbereich Aktuariat und Risikomanagement

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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). The section is responsible for a broad range of tasks around monitoring and reporting of this business, with divisional interfaces to IRM, CLR, RIC, as well as to risk carriers such as New Re, Munich Re PCC and Munich Re Beijing and others.

Reporting duties are recurring, but the content is always different due to a variety of reasons and effects. 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 coding? Are you interested in working in a multinational and interdisciplinary team? Then a multitude of challenging tasks awaits you!

Your Job

Support reporting & quality assurance of the division’s life reinsurance business according to Solvency II and VBM calculations

Further reporting tasks could be in the sphere of IFRS 17, the monitoring of our capital market positions, our non-hedged business or the reporting for our internal primary insurance carrier located within the EU

Realize further automation by closing gaps as advised by experienced colleagues (we essentially use R & SQL)

Contribution to other tasks of the team, one-off or recurring, such as the overarching quality assurance and processes around internal and external audit

Tasks will respect juniority of a team member if and to the extent needed.

Your Profile

Very good university degree in (actuarial/finance) mathematics, physics or informatics, and strong knowledge of life insurance mathematics, financial mathematics, and Solvency II

Ongoing training for fellowship in an actuarial society is considered an asset

Very good skills in R (incl. RMarkdown and the data.table package), SQL and PowerBI

At least half a year of relevant internship experience

Experience in project work

Very good communication and respective attitude

Excellent analytical and conceptual skills

Fluent business English; German would be considered an advantage

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 16,000 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

Talent Acquisition Partner

Ihre Benefits

Bei uns gibt es mehr als nur einen spannenden Job. Profitieren Sie von Benefits, die Ihr Wohlbefinden und Ihre Entwicklung fördern.Bitte beachten Sie, dass regionale Unterschiede auftreten können.

Wettbewerbsgerechtes Gehalt

Wir bieten Ihnen eine faire und wettbewerbsgerechte Vergütung, die Ihre Leistung und Ihmur Engagement widerspiegelt.

Betriebliche Sonderzahlungen

Unsere variable Vergütung ermöglicht es Ihnen, am Erfolg von Munich Re teilzuhaben.

Sonderleistungen

Wir honorieren herausragende individuelle Leistungen mit gezielten Sonderleistungen.

Altersvorsorge & finanzielle Sicherheit

Wir unterstützen Ihr langfristiges finanzielles Wohlergehen durch eine betriebliche Altersvorsorge oder andere lokal relevante Altersvorsorgelösungen.

Verantwortungsbewusster Arbeitgeber

Wir fördern ein respektvolles, verantwortungsvolles und inklusives Arbeitsumfeld.

Learning & Development

Wir bieten maßgeschneiderte Weiterbildungsmöglichkeiten mit Fokus auf Kernkompetenzen und geschäftsrelevantem Wissen.

Unterstützung für Familien & Work-Life-Blance

Wir fördern die Vereinbarkeit von Familie, Freizeit und Beruf.

Health & Wellbeing

Wir fördern Ihre physische und psychische Gesundheit weit über gesetzliche Vorgaben hinaus.