Reserving Actuary

Reserving Actuary (non-life) (M/F/d)*

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

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 group’s reserve position, and the further development of actuarial methods, the 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.

To complement our team of experts in Central Reserving Global Oversight, we are looking for enthusiastic individuals who are motivated by performing quantitative and technical analyses and translating them into a reporting and business context. In your role, you will be able to get a broad overview of the non-life business of the Munich Re Group, and you will contribute with your expertise to the analysis and further development of various reserving topics and support the IFRS17 and Solvency II Group closing process.

Your Role
- Performing quantitative and qualitative analyses of portfolios in the context of reserve valuations for annual financial statements, reserve reviews or special actuarial analyses
- Monitoring and analyzing reserving key figures including communication of results to key stakeholders
- Participating in the further development of the systems and tool infrastructure for actuarial analyses as well as internal and external reporting requirements
- Collaborating with Munich Re entities across the world to ensure adequate levels of reserves, and efficient and consistent reporting of reserving figures
- Acting as key contact person for one of the Munich Re entities, providing state-of-the-art support for the local reserving actuaries
- Bing actively involved in Solvency II Group closing and reporting activities; supporting the reporting of financials by providing technical and actuarial support
- Preparing communication and addressing information requirements on reserving topics for various internal and external stakeholders such as board committees, business units and auditors

Your Profile
- University degree in mathematics or a similar qualification with a strong quantitative focus
- Actuarial qualification (e.g. DAV, FIA, FCAS or equivalent) from an internationally recognized body started or completed
- Actuarial experience in loss estimation (e.g. in pricing, reserving, underwriting, risk management), preferably in the non-life area
- Strong affinity to working with large data sets, experience with programming languages such as R and SQL, strong knowledge of Excel, PowerBI and PowerQuery
- Strategic thinking, excellent analytical and conceptual skills with strong problem recognition and solving skills and a solution oriented mindset
- Ability to explain technical concepts to non-technical audiences
- Strong team player, enthusiasm to collaborate with other teams and departments, also on a global basis
- Very good command of English, and knowledge of German desirable

**Application Instructions**

**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