Actuary - Corporate Underwriting
(m/f/d)*
Location
Munich
The Pricing, Systems & Analytics department in Corporate Underwriting equips MR’s
underwriting with methods and tools to efficiently understand, price, and manage non
-life risks. Specifically, our tools support operative underwriting units in sustainably
structuring and steering MR’s non-life business. In this regard, the Pricing Methods &
Tools section concentrates on two goals in close cooperation with operative
underwriting. First, we develop a system landscape designed to fulfil the future
requirements of treaty and facultative underwriting in the pricing context. Second, we
train underwriters in pricing methods and usage of MR’s UW systems landscape. We
are looking for an actuary to take on the following responsibilities:
Your job
â Designing and implementing the technical requirements for further development of the underwriting platform
as the central platform for both submission data collection and analysis, as well as pricing and reporting
â Supporting the steps involved in development of methods used for pricing of reinsurance risks, from the
initial actuarial idea to the concept, the implementation and programming of the mathematical components
as well as to tests, and finally end-user training and support
â Focusing on the implementation, optimisation and quality assurance respective to the numerical algorithms
implemented for pricing of facultative and treaty in collaboration with the actuarial development group within
CU
â Collaborating with and guidance of IT teams, who are in charge of implementation of specific requirements
â Conducting trainings to help improve the technical quality in Underwriting
â Performing underwriting, pricing and tool reviews
Your profile
â University degree in mathematics, natural sciences or a similar qualification with professional experience
â Several years of experience in underwriting or actuarial role in primary insurance or reinsurance
â Understanding of the processes involved in primary insurance and reinsurance, especially with regard to
pricing and structuring programs
â Excellent abstract reasoning and mathematical analytical skills
â Willingness to deal with technically challenging subjects independently, creatively and in a goal-oriented way
â Experience in managing diverse stakeholders and ability to explain complicated issues to a non-conversant
audience
â Excellent programming skills in C# and/or Python
â Experience in software design and structuring of large software projects
â Good understanding related to extensibility and maintainability of software
â Database knowledge and solid SQL skills
â Profound knowledge of Microsoft Office products
â Very good English and German skills, verbally and in writing
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? Make it happen and be part of Munich Re.
â You will work in an environment where we think big: Change and culture are continuously role-modeled.
We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way
towards success and see failure as learning
â You are going to experience that we care & dare: We are empathetic. We know when to lead and know when
to let others lead. We attract, grow and coach future leaders
â We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit
feedback, ask and listen, learn and unlearn
â You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to
create value for our clients. We embrace new ways of working leveraging digitalization to deliver solutions
â We lead the We: We have a passion for winning and growing as a team. We
inspire people to be capable of joint performance. We create an inclusive environment where different
thoughts, generations, cultures and experiences are valued and encouraged
Münchener Rückversicherungs-Gesellschaft
Marika Schwertner
• Human Resources
Königinstraße 107
• 80802 München
• GERMANY
Apply now!
* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer.
Severely disabled candidates will also be prioritised, if equally qualified.
Section – Pricing Methods and Tools
