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Senior Actuary

vor 3 Monaten


Munich, Bayern, Deutschland Munich Re Vollzeit

The Actuarial Risk Manager will be responsible for the delivery of all actuarial risk management activities within the LH1 Munich.

They will have a direct management view reporting line into the LH1 CRO as well as being a key advisor to the LH1 Munich CEO.

From a legal view the reporting line will depend on location (London = UKLB CEO, Madrid = LH1.2 CEO and Munich = Head of LH1.4).

LH1 Munich encompasses all Traditional and FinRe Life and Health reinsurance markets across all of Europe and Israel (excluding UK, Iberia and Italy).


Your Job
Actuarial Risk Management

  • Responsible for the delivery of all actuarial risk management activities within LH1 Munich
  • Reviews of large and complex transactions, especially with respect to financial, operational, legal and reputational risk
  • Reviews of the LH1 Munich pricing bases, product designs and tools
  • Working collaboratively with other LH1 Risk Management units on projects and reviews
Enterprise Risk Management

  • Risk reporting to LH1 CRO, LH1 Munich Leadership team and central functions
  • Internal business governance activity within LH1 Munich
  • Review and assessment of other risk types e.g. market, credit, concentration, liquidity etc.
General Risk Management

  • Support LH1 Munich to write and maintain profitable commercial business and innovation initiatives, in line with the business strategy and risk appetite, acting as a business/risk partner
  • Communicate Risk Management principles and foster a healthy Risk culture across LH1 Munich
  • Maintain and improve the LH1 Munich risk management framework, policies and processes
  • Maintain the LH1 Munich Underwriting strategy striking the balance between risk and commercial demands
  • Periodically represent Risk Management in special initiatives (e.g. product developments and business improvements)
  • Be a point of reference for the business for guidelines and control processes
Your Profile
Essential

  • Life & Health pricing experience, in particular for LH1 traditional markets
  • Confidence and diplomacy to challenge peers and manage upwards
  • Effectively dealing with senior stakeholders
  • Ability to build an understanding of internal and external client strategy and needs
  • Experience manging and delivering projects
  • Strong spoken and written English language skills
Desirable

  • Experience in Actuarial Risk Management
  • Knowledge and experience of Munich Re internal guidelines and approval processes
  • Understanding and familiarity with a range of Structure Re solutions
  • Spoken and written German language skills
Qualifications and Educational Requirements

Essential:
University graduate or equivalent; qualified actuary

Desirable:
A postgraduate qualification in insurance or risk management (e.g. CERA)
Personal Attributes

  • Commercial awareness and pragmatism
  • Resilience, independence, accountability
  • Questioning nature / intellectual curiosity
  • Diplomacy and tact
  • Self-awareness, ability to act on constructive feedback
  • Flexible working style
Job Evaluation:
B


Please use the online application and submit it by 2024/03/08 at the latest.


Our general internal job advertisement (ISA) guideline can be found on MR Web München at >> Arbeitsrecht & Regelungen >> ISA-Richtlinie.

As a matter of principle, applications from staff members of Munich Re Munich will only be considered if they have been with the company for at least two years and in their present positions for at least one year.

For exempt staff members in non-pay-scale positions which generally require a longer familiarisation period, the respective minimum required periods of employment will be extended by one year.

This does not apply to employees of the International Organization.

For exempt staff members whose positions generally require a longer familiarization period, the respective minimum required periods of employment will be extended by one year.

Information on selection procedures for senior and management positions can also be found in the ISA Guideline.

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
- 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
Ryan Stewart, HR Consultant
Königinstraße 10, 80802 München, GERMANY