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Senior Valuation Actuary (m/f/d)

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Senior Valuation Actuary (m/f/d)

Senior Valuation Actuary (m/f/d)*

Location
Munich

Central Life Reserving (CLR) is responsible for overseeing the valuation of
Munich Re Group’s life reinsurance liabilities on all global bases. Within this division,
the Global Oversight department ensures that appropriate standards
are established and followed on a consistent basis across the organization, and
helps guarantee that the Group has appropriately identified and reserved for the
costs and risks from the contracts that have been written.

CLR focuses on quality assurance and validation of the local valuation results
according to Solvency II, IFRS and HGB for the key markets which includes
being in close contact with the respective local valuation teams. Further topics
are the consolidation, analysis, and reporting of various quarterly and annual
valuation results such as the Source of Earnings Analysis, multi-year IFRS result
projections, and valuation model- and assumption changes.

Your job
● Coordinating and guiding a team of four actuaries
● Acting as key liaison within CLR for the local valuation teams and supporting decision-making. This

includes:
● Analyzing and assuring the quality of their valuation results in all relevant bases, and related

management reporting
● Discussing and assuring the quality of necessary model- and assumption changes
● Analyzing structured business opportunities (financial reinsurance) with a focus on valuation and risk

transfer
● Steering the global annual model- and assumption change process and all related reporting (e.g. CLR

internal management reporting, contribution to the Group Actuarial Function Report; reporting to the
Reinsurance Committee for their decision-making)

● Performing analytics on the global life & health valuation results and related reporting for senior
management

● Building and refining the actuarial methods and processes that underlie the valuation of life & health
reinsurance across all global bases, with a particular focus on the upcoming introduction of IFRS 17/IFRS 9

● Representing CLR or leading work streams in Munich Re internal projects, e.g. in the context of IFRS
17/IFRS 9; in particular, helping bring the IFRS 17 project deliveries into operational practice in the CLR
Global Oversight function

● Performing on-site valuation reviews in the international life & health reinsurance organization
● Developing and maintaining the relationships with various interfaces throughout Munich Re

Your profile
● Master’s degree with high marks in mathematics, physics, statistics, actuarial science, or comparable

studies
● Several years of professional actuarial experience in life or health insurance/reinsurance, ideally in a CFO

environment
● Membership in a recognized actuarial association
● Strong conceptual, analytical, and communication skills, and the ability to find solutions by looking at a topic

in its entirety
● Highly dedicated, motivated, and results-driven
● Skills and interest in automatization and process optimization
● Ability to present complex matters in a simple way
● Talent for managing interfaces and building networks; a team player
● Willingness to assume responsibility and drive topics, and to develop together our team even further
● Very good command of spoken and written English

About us
Munich Re is one of the world‘s leading reinsurance companies with more than 11,000 employees at over 50
locations around the globe. We are working on topics today that will concern the whole of society tomorrow,
whether that be climate change, major construction projects, gene technology or space travel. We find
solutions to these challenges through a network of highly qualified professionals who anticipate risks, work on
tailor-made solutions and expertly advise our clients. If you want to help shape the future as part of one of our
teams, we look forward to hearing from you. Please click on the link to apply online.

Make it happen.

* 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
Heidi Feldmeier
• HR Business Partner
Königinstraße 107
• 80802 München
• GERMANY

Apply now!

Global Oversight – Central Life Reserving (central division)

https://emea3.recruitmentplatform.com/apply-app/pages/application-form?jobId=P93FK026203F3VBQB79V7LO0S-180043&langCode=en_GB

Senior Valuation Actuary (m/f/d)

Munich Re
Munich, Germany
Full time

Published on 14/11/2020

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