Title:  GIM2.1.1 - Investment Manager - Investment Steering PI Life (m/f/d)*

GIM2.1.1 – Investment Manager – Investment Steering PI Life (m/f/d)*

Group Investment Management Division (GIM)

The Group Investment Management (GIM) division is responsible for managing the proprietary Munich Re and ERGO investment portfolio of around €250bn.

Within GIM, GIM2.1.1 Investment Steering PI Life, is responsible for the efficient implementation of the strategic and tactical asset allocation for five legal entities of the domestic primary life insurance segment. In addition, the team steers and controls limits and P/L as well as performs risk management tasks for the respective legal entities. Furthermore, within GIM2 the team fulfills cross-functional tasks between the investment steering units for reinsurance, primary P/C and international business of Munich Re and ERGO.

YOUR JOB

• Take responsibility and ensure operational excellence, both for determination and ongoing review of the asset-liability management framework for domestic PI Life entities as well as for the investment steering of each PI Life entity (holistic legal entity view
• Strategic development of ALM and investment steering activities, considering internal and external stakeholders’ as well as policyholders’ interests
• Take responsibility for the result steering (IFRS, Local GAAP) and risk management both for legal entity view as well as respective single investment portfolios
• Prepare mandates and investment guidelines to asset managers and thus take responsibility for the implementation of SAA / TAA allocation impulses with regard to legal entities requirements (e.g., accounting, supervisory, tax)
• Ensure a constructive collaboration with legal entities’ and group’s stakeholder regarding ALM and investment steering
• Drive improvement and innovation for the processes between the different GIM units as well as between GIM and group units, MEAG and the respective legal entities

YOUR PROFILE

• Successfully completed university degree in mathematics, physics, business administration or economics. Additional qualification (CFA, Actuary, MBA or other) is desirable.
• Several years of professional experience in asset allocation, ideally in an re- or primary insurance company or an insurance-related asset manager
• Thorough understanding of life insurance business models and their asset-liability management
• Advanced knowledge of accounting standards, supervisory laws and relevant taxation aspects
• Good skills for a broad range of capital market instruments
• Identification with the GIM culture and values as well as high social competence ensuring smooth interaction with department’s interfaces
• Good command of written and spoken German and English language

Job Evaluation: A

Please use the online application and submit it by 04.07.2025 at the latest (10-day deadline).

Our general internal job advertisement (ISA) guideline can be found on MR Web München at ME@MUNICHRE >> Arbeitsrecht & Regelungen >> ISA-Richtlinie.

Information on selection procedures for management positions can also be found in the ISA Guideline.

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 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
Ryan Stewart

HR Consultant