Senior Valuation Actuary

Together, we engage with everything we have and are, to help humankind act braver and better.

About LH1:

The responsibilities of this role will cover the Life & Health 1 (LH1) reinsurance division of Munich Re. LH1 is anchored around our three main hubs in Munich, Madrid and London; the role will be based in London. We operate in mature and highly competitive markets where medical progress, demographic change and shifting customer needs continuously reshape risk landscapes. This is further intensified by evolving regulation, accounting requirements and sustained competitive pressure, making it essential that we combine a clear strategy with a structure that enables disciplined execution across markets.

In LH1, our strategy is built on three complementary pillars: biometric (protection and health) solutions, longevity and retirement risk transfer, and reinsurance structuring and capital solutions. Each pillar contributes to sustainable performance, and we take an integrated view across the portfolio to balance growth, risk and long-term value creation.

About the role:

How can we use our financial data to drive success of Life and Health under Ambition 2030? This is the key question driving the Strategic Finance and Regional Steering team within LH1. Our goal is to be true strategic partners to the LH1 business units, providing insights and analytics that empower the regional management team to make informed decisions and drive strategic initiatives within our region. The team is responsible for coordinating the regional aspects of financial steering and translating management reporting into actionable insights.

We are recruiting for a role to lead the regional finance project management hub and provide portfolio insights to support LH1 decision-making. The role will coordinate finance-led initiatives across systems and processes, support business case development and benefit tracking, and strengthen the enabling infrastructure used in management reporting and strategic discussions. Alongside this, the role will provide targeted performance insights on the LH1 in-force portfolio by linking results to key drivers and translating these into clear messages, and agreed actions.

The ideal candidate will be a self-motivated actuary with excellent communication skills, who thrives in a collaborative environment and is driven by curiosity and adaptability. The successful candidate will demonstrate creativity in problem-solving and a passion for leveraging financial insights to drive strategic growth and innovation within our region.

Key Responsibilities:

Regional finance project management hub

• Lead and coordinate LH1 finance-led projects across systems and processes, including cross-hub stakeholder coordination and project governance
• Support business case development for business and IT initiatives, including transparent tracking of spend and benefit realisation against business case assumptions
• Implement a structured intake and prioritisation approach to maintain a pipeline of regional finance initiatives and focus capacity on the highest-value work

In-force management & performance steering

• Provide targeted in-force portfolio insights by linking results to underlying performance drivers, assessing experience against expectations, and highlighting divergence from assumptions to support steering and remediation priorities
• Shape investment and prioritisation discussions by translating financial trade-offs, options and constraints into clear recommendations

Business partnering & strategic influence

• Act as an extension of the regional finance leadership by providing decision support and scenario analysis, constructively challenging plans and forecasts
• Build and maintain strong relationships across local finance teams (valuation, accounting, finance business partners) and business teams (pricing, client management) to ensure early alignment and clear communication of financial insights
• Support coordination of consistent LH1 finance deliverables across reporting metrics and cycles (IFRS 17/9, Solvency II/VBM, management reporting from early indication to final results), aligning inputs, timelines and communications
• Develop and improve enabling infrastructure (dashboards, management reports, steering packs) to support management reporting and strategic discussions
• Act as a role model and mentor, fostering a culture of knowledge sharing and continuous improvement within LH1 and cross-functional teams

Competencies:

Strategic mindset (we think big) – you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback, that allows you to make decisions today that will lead the business towards its future commitments.

Ensures accountability (we lead the ‘we’) – you hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their decisions and actions and appreciate how they contribute to the team/organisation commitments.

Managing complexity (we grow with our clients) – you make sense of complex and sometimes contradictory information to effectively solve problems, learning and sharing along the way.

Sponsors work (we care and dare) – you know when to lead and when to let others lead, providing direction and delegating to others, empowering and trusting them to achieve their commitments. Develops talent (we care and dare) – you develop the team to meet their career ambitions, building capability at an individual and organisational level, preparing them for future opportunities. You discuss feedback and development regularly and promote a diverse and inclusive workforce.

Being resilient (we are clear and authentic) – setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn and move forward with courage and commitment.

Key Skills & Experience:

• Several years’ experience leading or delivering cross-functional transformation or change initiatives, including project management, stakeholder alignment and coordination, and influencing senior audiences
• Strong finance and performance management background (FP&A, finance business partnering, or actuarial finance) with the ability to translate financial outcomes into clear business insights and actions
• Excellent analytical and problem-solving skills, with strong planning and organisational skills and the ability to explain complex issues in an understandable way
• Strong network-building and interface management skills across functions and geographies
• Data-driven, independent, inquisitive and collaborative with strong customer focus and a solution-oriented mindset
• Strong command of spoken and written English

Desired Qualifications and Educational Background:

• University degree with a strong quantitative focus or commercial training with a focus on accounting and insurance
• Actuarial qualification from an internationally recognised body

Thought Leaders:

You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect.

Benefits:

You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid  6 months family leave for times when you need it the most.

Diversity, Equity & Inclusion:

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. 

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!  All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.