International Graduate Trainee - focus on mathematics/actuarial science (m/f/d)* 1

Munich Re Group; München; On-site; EUR 52,000 - 75,000; Full time

Benefits offered by this job

Hybrid working

International assignment (12 weeks)

Global learning programme

Job summary

Munich Re Group offers an International Graduate Trainee Programme in underwriting and risk analytics. Over 24 months, you will receive rigorous training in underwriting, pricing, monitoring and reporting while developing professional, methodological and social skills.

You will work on diverse topics, including client data analysis and risk assessment, participate in an international 12-week assignment, and build a broad network with Munich Re experts worldwide.

Qualifications

• Very good university degree in mathematics, actuarial sciences, statistics, data/computer science, physics or similar with a mathematical background.
• Initial work experience (internships or up to two years after graduation) ideally in (re)insurance or financial sector.
• Knowledge of actuarial sciences; willingness to complete actuarial studies is an advantage.
• Strong analytical, programming and/or database skills (Python, R, SQL, Power BI, Power Query).
• At least three months experience abroad (studies or internship/work experience abroad).
• Strong interpersonal and communication skills; willingness to learn; English proficiency is required, German/Spanish a plus.

Responsibilities

• Work on underwriting, pricing, monitoring or reporting of risks in a Munich Re business unit.
• Draft and negotiate (re)insurance contracts and develop client strategies.
• Analyze client data to improve risk assessment and profitability of underwriting.
• Participate in an international 12-week assignment to broaden intercultural experience.
• Develop knowledge of the business and strengthen soft skills through Munich Re's global learning programme.
• Build a broad network of industry experts within Munich Re worldwide.

Skills

Python

R

SQL

Power BI

Power Query

Analytical skills

Intercultural experience

English communication

Teamwork

Curious mindset

Education

Math/Actuarial degree

Data/CS/Physics degree

Tools

Python

R

SQL

Power BI

Power Query

Job description

Our International Graduate Trainee Programme offers you exciting insights and a thorough introduction to the diverse activities of a leading global reinsurer. This provides you with the exceptional opportunity to advance your expertise and drive your personal development. Over a period of 24 months, including an international assignment, you will receive in-depth training in underwriting as well as in professional, methodological and social skills. This will prepare you to assume responsibility at Munich Re worldwide. We are looking for eager graduates who seek to actively shape the future of our business together with us. If you enjoy embracing innovation in a very dynamic and challenging environment, we are looking forward to your application.

Your Job

• Working on exciting and varied topics focusing on underwriting, pricing, monitoring or reporting of risks in a business unit of Munich Re (e.g. developing product and client strategies, drafting and negotiating (re)insurance contracts with clients, performing risk analysis or financial reporting, using different pricing models, analyzing profitability and performance)
• Working on exciting and varied topics on analysing client data in order to improve risk assessment for better and more profitable underwriting.
• Experience the opportunities and insights offered by one of the world's leading risk managers
• Participate in an international assignment of 12 weeks to broaden your intercultural experience
• Acquire profound knowledge of our business as well as further developing your soft skills in our distinguished global learning programme
• Take the opportunity to quickly build a broad network of industry experts within Munich Re worldwide

Your Profile

• Very good university degree in mathematics, actuarial sciences, statistics, data / computer science, physics or a similar degree with a mathematical background
• Initial work experience (e.g. internships or up to two years of work experience after graduation), ideally in the (re)insurance or the financial sector
• Knowledge of actuarial sciences and willingness to complete actuarial studies is an advantage
• Strong analytical skills, programming skills and/or database knowledge (e.g. Python, R, SQL, Power BI, Power Query etc.) are beneficial
• At least three months experience abroad (studies or internship/work experience abroad)
• Strong interpersonal and communication skills and willingness to learn
• Strong written and verbal communication in English required. Germand and Spanish are an advantage
• Curious and creative mindset

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

• Consultant Talent Acquisition