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Associate Reserving Actuary Non-Life - Reserve Management & Actuarial Reporting (m/w/d)*
mid · Insurance
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 reserve position as well as the further development of actuarial methods, 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 under IFRS17, Solvency II and local GAAP standards.
To complement our Global Oversight team in Central Reserving, we are looking for enthusiastic and motivated individuals who perform quantitative analyses on Munich Re’s loss reserves for the group-wide Non-Life business and translate the results into a reporting and business context. The insights from your work will provide guidance to the Global Reserving actuaries for their bottom-up reserve projections and will be used by the senior management as basis for decision-making. In your role, you will cope with the diverse and challenging reserving topics of a global reinsurer and get a broad overview of the Non-Life business of the Munich Re Group.
Your Job
- Support the analysis and monitoring of loss reserves for Munich Re's global Non-Life business in collaboration with experienced actuarial and reserving experts
- Contribute to quantitative analyses related to reserve valuations, reserve uncertainty, portfolio performance and scenario assessments
- Assist in the preparation, validation and interpretation of reserving data, reports and key performance indicators
- Participate in reserve peer reviews and gain insight into reserving practices across different regions and business segments
- Support the development and enhancement of analytical methodologies, models, tools and reporting processes used within the Global Oversight team
- Work with large and complex datasets to derive insights that support business decisions and reserving activities
- Collaborate with colleagues from reserving, risk management and other functions in an international environment
- Help prepare presentations and management reports by translating quantitative analyses into clear and meaningful business insights
Your Profile
- Recently completed university degree (Master's degree preferred) in mathematics or a similar qualification with a strong quantitative focus
- Strong analytical and problem-solving skills with the ability to work in a structured and detail-oriented manner
- Interest in applying quantitative methods to real-world business problems in insurance, reinsurance or risk management
- Initial experience with data analysis and programming through university projects, internships or personal initiatives; exposure to R, Python, SQL, Power BI or similar tools is an advantage
- Comfortable working with data and eager to develop advanced analytical and actuarial skills
- Curious, proactive and motivated to learn in a dynamic and international environment
- Strong communication skills and the ability to explain quantitative findings to different audiences
- Collaborative team player with an open mindset and enthusiasm for working across functions and cultures
- Very good written and spoken English
- Motivation to deepen actuarial knowledge and interest in working towards a recognized actuarial qualification (e.g. DAV, FIA, FCAS or equivalent)
Application Instructions
In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position 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
Vesselina Markova
Talent Acquisition Partner