Senior Quantitative Specialist (m/f/d)*

We are looking for a Senior Quantitative Specialist for the Modeling section in the divisional unit Munich Re Markets. This role specializes in high-performance valuation systems by developing the data frameworks and processing environments required for complex financial modeling and reporting.

Munich Re Markets focuses on reinsurance of savings and retirement products, which typically transfers hybrid actuarial and capital market risks to the reinsurer. The activities of Munich Re Markets include origination, structuring, valuation, risk management and administration of reinsurance contracts in a truly international and diverse environment.

The Modeling team is responsible for cash flow models and best estimate assumptions used for Solvency II, local GAAP and IFRS valuation. You will work in an interdisciplinary team that produces and hedges non-traditional reinsurance solutions and creates investment solutions for clients.

Your Job

• Enhance and scale our grid-based Monte Carlo simulation framework and XML data interfaces within a high-performance, multithreaded environment.
• Engineer our valuation run management system, design database models for run configurations and build a plug-in framework while directly supporting the Modeling and Reporting teams with run setups.
• Develop Java ETL/import web services, build flexible frameworks for R and Java data processing, and hand over code to our external IT vendor for productive deployment.
• Collaborate with the Business Product Owner, Test & Release Management, external service provider and central Global Template division to define architectural design and to enable test and release management processes.

Your Profile

• Excellent university degree in (insurance/financial) mathematics, physics, or computer science
• Quantitative developer skills on expert level: Expertise with multithreaded algorithms and grid computing, performance optimizations of financial models and Monte Carlo simulations 
• Extensive experience in Full Stack Java/J2EE development, with a strong focus on building scalable RESTful APIs, professional GUI development, and utilizing the Spring Framework
• Proven track record in developing real-time trading systems and hedging platforms and their interfaces (knowledge of Bloomberg API or Calypso API is a major plus)
• Proficiency with relational databases (MS SQL Server, Oracle), including schema modeling, SQL / T-SQL, and Java Hibernate (ORM).
• Skills in software architecture modeling and UML, with experience in the integration of heterogeneous software components within complex enterprise environments.
• Proficiency in Release Management (Maven, Gradle), source control (Git, Subversion), CI/CD pipelines (Jenkins), automated testing (JUnit), and code quality tools.
• Hands-on mindset and commitment to delivering excellence
• Excellent analytical and conceptual skills
• Fluent in business English and German 

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
Lisa Schneider
Talent Acquisition Partner