Title:  Junior Quantitative Specialist (m/f/d)*

Munich Re Markets is a leading provider of reinsurance solutions for the global savings, retirement and investment business. We reinsure and manage financial guarantees, policyholder behavior and biometric risks.

The Modeling team is responsible for best estimate assumptions and cash flow models used for Solvency II, local GAAP and IFRS valuation. To further strengthen our team, we are looking for a Junior Quantitative Specialist with focus on financial and actuarial mathematical modeling. In this role, you will be based in Munich and collaborate with underwriting teams in Europe, Asia and North America.

Your Job

• Development of models for savings & retirement reinsurance transactions and financial derivatives, with a focus on coding and testing of the business logic
• Management of the in-force book: Pricing of new business tranches, determination of credit support amounts and settlements for reinsurance treaties
• Collaboration on new reinsurance transactions in an interdisciplinary environment with the structuring, trading, and reporting teams
• First-level analysis of calculation results, explanation to internal stakeholders and clients

Your Profile

• Excellent university degree in a quantitative subject (insurance/financial mathematics, physics, computer science, engineering)
• Proficiency with financial derivatives and their mathematical valuation models
• Willingness to develop skills in life insurance and actuarial models
• Track record in programming (Java is a plus)
• Experience with agile development processes
• Hands-on mindset and commitment to deliver excellence
• Strong analytical, technical and conceptual skills
• Languages: Fluent in business English and German

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 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
Lisa Schneider

HR Consultant