Reserving Actuary Non-life - IFRS17 (m/w/d)*

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 reserve position as well as the further development of actuarial methods, 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 under IFRS17, Solvency II and local GAAP standards.

To further strengthen our team of IFRS 17 experts, we seek highly motivated professionals to conduct comprehensive analyses of IFRS 17 data and effectively contextualize them within reporting and business frameworks. This position offers an in-depth perspective on the non-life reinsurance operations of Munich Re, as well as the opportunity to actively contribute to, and gain insight into, the business performance within actual quarterly closing and forecast.

Your Job

• Work closely with Global Reserving actuaries worldwide to ensure accurate and high-quality closing figures, explain key movements in a business context, and support knowledge sharing and collaboration across teams.
• Perform ad-hoc actuarial analyses on IFRS 17 topics, leveraging strong analytical, programming, and visualization skills to generate actionable insights and support strategic decision-making.
• Contribute to the development and enhancement of IFRS 17 methodologies, concepts, and tools, driving continuous improvement for the Global Reserving community.
• Ensure the integrity and reliability of IFRS 17 data deliveries across all Non-Life reinsurance entities through strong attention to detail and data expertise.
• Monitor and analyse IFRS 17 key figures for Munich Re's Non-Life business and prepare clear, targeted communications for key stakeholders, including board committees, analysts, investors, 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
• Strong interest in and background in financial reporting, with proven experience in existing valuation standards and experience under IFRS 17
• Ability to present complex technical topics in a clear and structured way to non-technical and senior stakeholders
• A high degree of accuracy and discretion when handling confidential matters
• Strong affinity for working with large data sets, experience with programming languages such as R and SQL, as well as strong knowledge of Excel, PowerBI and PowerQuery
• Strategic thinking, excellent analytical and conceptual skills with strong problem recognition and solving skills as well as a solution-oriented mindset
• Strong team player, enthusiasm to collaborate with other teams and departments, also on a global basis
• Strong written and verbal communication skills in English

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 16,000 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
Vesselina Markova
Talent Acquisition Partner