Valuation Actuary (m/f/d)* - limited to two years

Munich Re’s Central Life Reserving (CLR) Global Oversight team is responsible for the IFRS17 reporting and reserves held in the Life and Health Reinsurance (LH RI) Portfolio. We empower actuaries across the globe to provide actionable analytics on business and reserve developments relevant for decision making. We expand and improve our capabilities for analyzing and understanding risks. We drive the development and implementation of an integrated actuarial analysis and reporting platform, while constantly safeguarding the availability of high-quality data for the reserving and business analysis processes.

Over the next few years, a key objective for the department will be the further development and automation of the valuation processes, analysis and reporting. In this context, this position offers an exciting opportunity and exposure to our global IFRS17 operations by supporting the CLR IFRS Operations and Analytics (O&A) team with quarterly valuation activities, technical systems development and cross-functional initiatives geared towards the optimization of consistent reserving processes and reporting tools across LH RI.

Is exploring new and complex topics your passion? Do you like to present complex matters in a simple way? You are keen on helping others to learn and grow in their roles? If this sounds like you, we invite you to apply to join our diverse and dynamic team!

Your Job

• Support orchestration, central processing and quality assurance of quarterly close and forecast data from international business units for Group and Local IFRS17 reporting. 
• Maintain a strong understanding of the standardized input data model, calculation approaches and validation framework to ensure functional accuracy and alignment with methodological guidance. 
• Plan, coordinate and execute testing for central tools across release cycles, and drive automation/digitization of related workflows and controls. 
• Develop and maintain reference calculators and reporting tools, and investigate technical/functional issues with clear recommendations for corrective actions. 
• Contribute to management presentations with impactful analysis, drawing actionable insights from underlying data, financial results, operational metrics and projected trends.
• Partner with valuation and finance stakeholders across CLR, local offices, accounting, IT, audit and controlling to resolve issues and improve end-to-end reporting processes. 
• Build and apply technical skills (e.g., Python, Power BI, Databricks) to streamline analysis and support continuous improvement of valuation tooling.

Your Profile

• University degree with quantitative focus (e.g. mathematics, actuarial science, or economics). 
• Good progress towards an actuarial qualification from a recognized actuarial association. 
• Relevant professional experience in actuarial, finance or related systems roles, including project-related work.
• Knowledge of and experience in IFRS reporting or LH valuation is an asset. 
• Strong technical skills; experience with some of Excel/VBA, Power BI, Python, data platforms (e.g., Databricks) or similar tools. 
• Excellent analytical and interpersonal skills to communicate effectively with stakeholders across different departments and locations.
• Highly organized and independent with strong time management skills.
• Team player with willingness and ability to collaborate cross-functional with Actuarial, Accounting and IT colleagues.
• Very good command of English; good command of German beneficial.

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re 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
Vesselina Markova
Talent Acquisition Partner