Business Analyst

This role will be part of the RI Property & Casualty Tower for Group Technology (IT 1.17), responsible for delivering business value by managing IT products and executing change projects for the RI P&C business. The Tower maintains key relationships with units involved in underwriting and claims management, and oversees IT products for Munich Re Trading Limited, which develops risk transfer solutions. Additionally, it collaborates closely with finance and digital innovation teams to combine services and data, supporting the expansion of business use cases.

Munich Re is a global market leader in re-insurance, global specialty insurance and digital solutions. New technologies are disrupting the insurance value chain. Our innovative minds in IT spearhead the transformation and make change happen.

The section IT Re Insurance Property & Casualty (RI P&C) delivers business value through management of IT products including execution of change projects, and delivery of agile IT product management, application development and IT operational support. The product and project portfolio of IT RI P&C covers all underwriting & pricing solutions for all Reinsurance LoB (w/o L/H) globally as well as the solutions for Claims Management.

To complement our team of recognized IT experts, we are looking for an enthusiastic and motivated individual. As a Business Analyst with a deep understanding of IT systems and reinsurance claims processes, you will be responsible for analyzing, documenting, and translating business needs into effective and efficient IT solutions.

You will bridge the gap between business stakeholders and technical teams, ensuring that requirements are clearly understood, prioritized, and delivered in line with operational, compliance, and cost-efficiency goals.

Your Job

• Analyze reinsurance underwriting business processes and data requirements, identifying and initiating improvements in close collaboration with business stakeholders and technical architects.
• Apply strong analytical skills to uncover business challenges, document requirements and acceptance criteria, and test IT solutions.
• Align, assess, and prioritize business demands, driving project and product backlogs in partnership with project management.
• Ensure a consistent, integrated, and resilient target system and data landscape to support cost-efficient digital operations.

Your Profile

• University degree in Computer Engineering, IT, or a related field.
• Solid understanding of reinsurance core business processes, with experience managing diverse stakeholders.
• Proven track record in analyzing business needs, defining system requirements, and translating them into practical IT solutions, including backlog management and product documentation.
• Several years' experience in IT - preferably in application development—with in-depth knowledge of the full software development and product lifecycle in an agile environment.
• Experience implementing data input management and workflow solutions is an advantage.
• Strong analytical, facilitation, presentation, and cross-functional communication skills.
• Documented success in delivering solutions that drive measurable business process improvements.
• Skilled in documenting requirements through use cases, user stories, logical data models, and UML (e.g., with Sparx Enterprise Architect).
• Collaborative and consultative working style, fostering accountability and knowledge sharing.
• Strong business acumen - able to quickly understand business priorities and frame solutions from a business perspective.
• Ideally, excellent command of German and English, with willingness to travel.

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 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
David Brengelmann

Talent Acquisition Germany