Reserving Actuary NL (m/f/d)* for Central Reserving

Central Reserving (CR) uses quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s group-wide non-life business. This includes continuous monitoring of the reserve position as well as the further development of actuarial methods, underlying systems and tools. Additional responsibilities include the financial reporting on non-life technical provisions.
Within the IFRS17 Plan & Solvency II team in Central Reserving, we ensure accurate processing of IFRS17 Plan and Solvency II data, deliver actuarial insights based on advanced quantitative and technical analysis and translate these insights into reporting and business contexts – working in close collaboration with the global reserving community and ensuring efficient processes.
To complement our team of experts, we are looking for motivated individuals eager to advance their careers in an inspiring environment where actuarial expertise drives progress. You will gain in-depth understanding on the non-life business of the Munich Re Group and have the opportunity to shape the application of predictive tools and reporting standards.

YOUR JOB

Ensuring timely and high-quality financial planning under IFRS17 for Munich Re’s entire non-life segment by

• Coordinating and monitoring data delivery from multiple stakeholders fostering collaboration and strong communication within the interdisciplinary team
• Contributing to the development of systems and tools for actuarial analysis
• Overseeing efficient execution of IFRS 17 plan processing and performing quality assurance
• Developing actuarial models to generate insights on IFRS17 and Solvency II valuation and optimizing reconciliation efficiency
• Conducting actuarial analyses of  IFRS17 key figures and their sensitivities, including manifold detailed actuarial calculations and reconciliations to benchmark values in balance sheet and profit & loss statements along with internal and external reporting in collaboration with other departments
• Preparing clear communication and addressing information needs on financial year plan topics for various stakeholders such as board committees, controlling teams, business units and auditors

YOUR PROFILE

• University degree with quantitative focus (e.g. mathematics, actuarial science, information technology or economics)
• Experience in an actuarial role (e.g. in Reserving, Pricing, Risk Management, Controlling, Underwriting, Actuarial Audit). IFRS17 knowledge is a strong asset.
• Proven expertise in financial mathematics and actuarial science, with a demonstrated ability to apply theoretical concepts to business-driven actuarial analysis
• Excellent analytical and conceptual skills, as well as the ability to explain technical concepts to non-technical audiences
• Strong knowledge of R, SQL and Power BI
• Intrinsically motivated team player focusing on pragmatic development of innovative concepts and solutions
• Strong written and verbal communication in English
• Willingness to occasional travel as required by the role

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? 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
Yamina Djurisic 
HR Consultant