Associate Consultant IFRS17 & SII Process (m/f/d)* Limited to 18 months

Munich Re Group; München; Hybrid; EUR 70,000 - 100,000; Full time

Benefits offered by this job

Competitive salary

Pension plan

Work-life balance

Health program

Hybrid work

Equal opportunity employer

Job summary

Munich Re Group in Munich is seeking an enthusiastic actuarial professional to support IFRS17 & SII reserving analyses, data and reporting. You will contribute to data quality and the global provisioning process.

The role emphasizes collaboration within an international reserving community and a proactive approach to continuous improvement. You will work on implementing actuarial methods for IFRS17 & SII reporting and assist with Actual Closing, Forecast and Plan scenarios, while embracing agile

Qualifications

• University degree with quantitative focus (e.g. mathematics, actuarial science, information technology, or economics).
• Experience with Microsoft SQL Server or experience in statistical programming languages (R or Python).
• Experience developing tools based on cubes (TM1, SSAS) is helpful.

Responsibilities

• Supporting the global provisioning of IFRS17 & SII reserving analyses, reports and data in high quality.
• Contributing to the efficient execution of IFRS17 & SII processing and quality assurance during quarterly closing.
• Supporting the implementation and application of actuarial methods for IFRS17 & SII reporting, especially with regard to Actual Closing, Forecast and Plan, and helping to assess their impact.
• Contributing to test activities, including test automation, test efficiency and test management for different test types.
• Contributing to a constructive work environment and maintaining effective communication within the team and with colleagues in the global reserving community.
• Supporting the global reserving community in refining the global reserving process for IFRS17 & SII, with a focus on constructive collaboration and change management.

Skills

SQL Server

Python

R

Analytics

Agile

English

Education

Quantitative degree

Tools

TM1

SSAS

Excel

Job description

Central Reserving (CR) uses quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s group-wide property and casualty business. This includes continuous monitoring of the group’s reserve position, and the further development of actuarial methods, the underlying systems and tools.

Within Central Reserving, the section Reserving IFRS17 & SII Process is responsible for providing high-quality data, advanced reserving products, tools and analyses to the global reserving community related to the accounting standards IFRS17 and Solvency II. The focus is on the implementation of new functionalities, automation of processes and controls, as well as execution and continuous improvement of quarterly IFRS17 & Solvency II closing procedures including technical quality assurance.

To complement our team of experts, we are looking for enthusiastic individuals who are motivated to contribute towards our targets and who are highly interested in understanding reserving processes in order to transfer them into technical solutions.

Your Job

• Supporting the global provisioning of IFRS17 & SII reserving-relevant analyses, reports and data in high quality
• Contributing to the efficient execution of IFRS17 & SII processing and quality assurance during quarterly closing
• Supporting the implementation and application of actuarial methods for IFRS17 & SII reporting, especially with regard to Actual Closing, Forecast and Plan, and helping to assess their impact
• Contributing to test activities, including test automation, test efficiency and test management for different test types
• Contributing to a constructive work environment and maintaining effective communication within the team, as well as with colleagues in the global reserving community
• Supporting the global reserving community in refining the global reserving process for IFRS17 & SII, with a focus on constructive collaboration and change management

Your Profile

• University degree with quantitative focus (e.g. mathematics, actuarial science, information technology, or economics)
• Experience with Microsoft SQL Server, or experience in statistical programming languages (e.g., R or Python), experience in developing tools based on cubes (e.g., TM1, SSAS) helpful
• Strong strategic, conceptual and analytical skillset, focusing on pragmatic development of innovative concepts and solutions
• Intrinsically motivated team player with a positive attitude towards leading change
• Working collaboratively and effectively in an international group dynamic, often virtual; proficient in agile ways of working
• Empathy and persuasive power combined with the ability to give, demand, and consider feedback
• Strong written and verbal communication in English

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

Timo Wacke
Talent Acquisition Partner