Valuation Actuary

Valuation Actuary - IFRS Operations and Analytics (M/F/d)*

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

The Central Life Reserving (CLR) Global Oversight team is responsible for the governance and reporting of Munich Re’s global Life and Health (LH) portfolio. The introduction of IFRS 9/17 has led to implementation of new systems, revamp of operations, and redefinition of financial results. Parallel to Munich Re Group reporting, several international offices operating in countries that have adopted IFRS17 for GAAP or Statutory reporting also need to prepare to meet their local regulatory requirements using consistent systems and processes.

CLR is looking for a self-motivated actuary to support with quarterly valuation activities, as well as exciting cross-functional initiatives around the implementation and optimization of group-wide consistent reserving processes and reporting tools. In addition, this role focuses on driving the integration of international offices with special local reporting requirements on to the central architecture and operational framework.

**Your Job**:

- Provide technical and actuarial support within a diverse, multinational team
- Orchestrate the business unit deliveries and central data processing for the quarter-end valuation, including quality assurance of results
- Drive the technical development, testing and automation of our global IFRS17 systems and tools, requiring attention to detail and deep-dives into the mechanics
- Work closely with colleagues from business units with local requirement that are not yet onboarded to help guide and establish end-to-end closing processes using the central systems already in production
- Participate in various cross functional project work, e.g. introduction of shifted financial year requirements for India, enhancing PowerBI reporting dashboards for monitoring operations and financials, etc.
- Automate and document controls needed to improve processes, analysis, auditability and efficiency, spanning quarterly closing, forecast and planning
- Take ownership of LH Reinsurance valuation processes by collaborating across CLR, local offices, Accounting, IT and other stakeholders/interfaces
- Ensure alignment of methodology and system configuration through coordination across Munich Re segments, drafting business requirements and evaluating functional readiness
- Facilitate management presentations and decision-making in terms of evaluation of the functionality, functional readiness, and meeting strategic objectives
- Enhance existing practices for quality assurance, results analysis, defects management, business unit feedback, late adjustments, etc. for improved reliability of central systems and reporting tools

**Your Profile**:

- University degree with a quantitative focus (e.g. mathematical, IT or economic disciplines)
- Expert with proven experience in an actuarial, finance or related systems role
- Advanced knowledge of IFRS17 accounting standards and actuarial reporting or experience with IFRS17 implementation an asset
- Excellent analytical and conceptual skills combined with ability to present complex matters with clarity
- Talent for managing interfaces and building networks; be a cross-cultural team player
- Excellent command of English, knowledge of German desirable
- Technical proficiency with Excel/VBA, SQL, PowerBI, Python, etc.
- Highly motivated, open minded and forward-thinking
- Strong customer focus and solution-oriented approach to work

**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.
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