Actuarial Auditor (m/f/d)*

Join a global audit function that provides independent assurance and trusted advice to senior management, Boards of Management, and Audit Committees across Munich Re Group. Group Audit plays a key role in strengthening governance, risk management, and internal controls across a diverse international business portfolio, including reinsurance, primary insurance, and asset management activities.

As part of our global audit community, you will assess whether actuarial processes, models, systems, and controls meet internal and external requirements, and help identify opportunities for improvement. The role focuses on actuarial core areas such as risk modelling, pricing, valuation, reserving, and asset-liability management. You will be part of the global actuarial auditors community and will work closely with colleagues across our international audit network, including teams in Munich, Singapore, Toronto, and Sydney.

This role reports to the Head of Department, EULA.

Your Job

• Plan and execute audits of actuarial models, methods, and processes across Munich Re entities, with a particular focus on risk modelling, reserving, pricing, and related actuarial topics
• Apply agile audit approaches and data analytics techniques to deliver effective, risk-based audit work
• Provide independent, practical, and impactful advice in close collaboration with audited units
• Support audit engagements across divisional units as an actuarial and mathematical subject matter expert
• Assess the effectiveness of processes and the Internal Control System (ICS) and develop recommendations for improvement
• Deliver clear, timely, and concise audit reports and monitor the implementation of agreed remediation measures
• Contribute to internal projects with actuarial content and help assess potential risks for Munich Re Group
  
  

Your Profile

• University degree in actuarial science, mathematics, financial mathematics, or another quantitative discipline with strong knowledge of stochastics, statistics, and financial mathematics
• Fully qualified actuary (DAV or equivalent)
• At least 5+ years of professional experience as an actuary or mathematician in the insurance or reinsurance industry
• Experience in non-life underwriting or reserving is advantageous
• Experience in internal audit, model review, or a second-line review function within an insurance or reinsurance environment is a plus
• Familiarity with data analytics and AI tools is a plus
• Excellent analytical skills and the ability to understand and assess complex topics
• Collaborative, internationally minded approach with a proactive attitude toward knowledge sharing
• Strong communication and stakeholder management skills, with the ability to navigate discussions constructively
• Strong command of written and spoken English; German language skills are beneficial
• Willingness to travel internationally
  
  
  

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position 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
Sascha Srbecky
Talent Acquisition Partner