Valuation Actuary

Valuation Actuary (M/F/d)*

**Company**
Munich Re
**Location**
Munich, Germany

The Life and Health 1 Valuation team provides valuation and earnings analyses for all reporting bases relevant for Munich Re's Life & Health reinsurance business written in continental Europe, Latin America and the Middle East.

We develop models and assumption sets as the basis for generating the input for Munich Re Group reporting as well as analytics for managing the business. Based on our results, value drivers of the business are identified and fed into top management reporting, annual forecasts, results planning and business steering and monitoring.

If you are a talented actuary and agree with some of the following statements, you should reach out to learn more about an exciting job opportunity: You have an affinity for cash-flow modelling. You know the essentials of SII or IFRS relevant for life insurance. You have sound knowledge of databases and modern IT tools such as Python. You are passionate about explaining your analyses to various stakeholders and decision-makers in the business. You find it exciting to shape the IFRS17 view on the business of a leading reinsurer.

YOUR JOB
- Designing and implementing efficient tools for the reporting tasks carried out by actuarial market teams including preparation and analyses of data ensuring high quality standards.
- Driving the ongoing development of the actuarial valuation system in close cooperation with the CLR systems and development team targeting sustainable processes, providing solution designs for feature requests, specifications and conducting system tests
- Developing and maintaining valuation models and providing AXIS expertise tothe market team, ensuringhigh quality and overall consistency of modelling approaches
- Coordinating activities with the actuarial and the data management teams in LH1 and other stakeholders. Defining the data improvement roadmap and drive its implementation.

YOUR PROFILE
- Full or nearly completed actuarial qualifications and several years of professional experience in at least one relevant actuarial topic (Solvency II, IFRS4/17, assumption setting, cash-flow modelling)
- Innovative mindset, track record of successfully initiating changes
- Experience as a project lead is considered an advantage
- Very good experience in communication with different levels as well as networking skills for establishing close connections with internal stakeholders
- Knowledge of cash-flow modelling tools (e.g. AXIS)
- Good knowledge of SQL and databases in general, knowledge of Python and related data transformation libraries, familiarity with Excel Pivots, Power BI and similar reporting solutions
- Strong command of spoken and written English

**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.