Reserving Actuary (Non-Life) (m/f/d)*
Location
Munich
Central Reserving (CR) uses quantitative and qualitative methods to perform
and oversee the loss reserve analyses for Munich Re’s group-wide property and
casualty business. This includes continuously monitoring the group’s reserve
position and further developing actuarial methods, the 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 Solvency II, local GAAP, and under current as well as
forthcoming IFRS standards.
We are looking for graduates or young professionals to support us with these
varied tasks in the role of reserving actuary.
Your job
â Performing quantitative and qualitative analyses of portfolios in the context of reserve valuations for annual
financial statements, reserve reviews, or special actuarial analyses
â Collaborating with subsidiaries to ensure adequate levels of reserves, and efficient and consistent reporting
of reserving figures
â Monitoring and analyzing group-wide and local reserving key figures in CR’s quarterly closing process, and
supporting further development of the corresponding tool infrastructure
â Supporting the calculation, control, and reporting activities with respect to technical provisions under
Solvency II
â Participating in the implementation of IFRS17
â Assessing basic loss reserve risk and premium risk for the group internal model
â Participating in the further development of the systems and tool infrastructure for actuarial analyses as well
as internal and external reporting requirements
â Preparing communication and address information requirements on reserving topics for various internal and
external stakeholders such as board committees, business units, and auditors
Your profile
â University degree in mathematics or a similar qualification with a strong quantitative focus
â Actuarial experience in loss estimation (e.g. in pricing, reserving, underwriting, risk management) desired,
preferably in the non-life area
â Strong affinity for working with large data sets, and experience with programming languages such as SQL,
R, or analytics tools like Power BI
â Excellent analytical and conceptual skills, as well as the ability to explain technical concepts to non-
technical audiences
â Proactive with high sense of independence and the ability to implement pragmatic solutions
â Very good command of English, and knowledge of German desirable
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
Sabine Schneider
• HR Consultant
Königinstraße 107
• 80802 München
• GERMANY
Apply now!
for Central Reserving
