Munich Re Markets: Performance Analyst (m/f/d)*

Munich Re Group; München; Hybrid; EUR 70,000 - 110,000; Full time

Benefits offered by this job

Hybrid working

Competitive salary

Retirement provision

Work-life balance

Health management

Job summary

Munich Re Markets structures and administers bespoke reinsurance solutions for life insurance clients, focusing on savings, retirement, and investment products. The team monitors IFRS 9/17 instruments and supports risk management, reserving, and internal reporting.

We seek a self-motivated, analytical coder with experience in R/SQL and a background in (re-)insurance. Hybrid work model and international exposure await the right candidate.

Qualifications

• University degree in mathematics, physics or computer science with strong knowledge of financial mathematics.
• Ongoing or completed fellowship towards actuarial society would be an asset.
• Advanced skills in R and SQL; Java knowledge is a plus.

Responsibilities

• Monitor capital markets and analyze their impact on our portfolio, including performance drivers.
• Support onboarding of reinsurance transactions, reporting, maintenance and automation tasks on the hedging platform.
• Execute reporting tasks under IFRS 17 or internal reporting for the primary insurer.
• Drive automation by identifying gaps, improving code and building new tools (R/SQL).
• Contribute to QA processes and audit support.

Skills

R

SQL

Java

English

German advantage

Education

Mathematics/Physics/CS degree

Actuarial fellowship in progress

Tools

Calypso

Job description

Munich Re Markets structures and administers bespoke reinsurance solutions for Munich Re’s life insurance clients with a focus on clients’ products in the savings, retirement and investment space. These transactions typically involve combinations of financial markets and insurance risks while delivering a capital and/or risk management impact relevant to an insurers corporate finance management and planning.

Business written thus far as well as the existing pipeline offer a very interesting and insightful mixture of insurance contracts, the majority of which is measured as financial instruments (IFRS 9), and a smaller part as insurance contracts (IFRS 17). The section is responsible for a broad range of tasks around monitoring and reporting of this business, with divisional interfaces to the risk management, the reserving division, controlling, as well as to risk carriers in various countries (e.g. in Switzerland, Malta and China).

Reporting duties are formally recurring, but the content is always different due to a variety of reasons and effects, not just because of the multitude of standards we have to comply with.

Further to these duties, we shape our future by ultimately striving for the highest possible automation of our processes. A high degree of automation is required to further scale up our business and, in the end, to enable the division to succeed with its ambition.

Are you a self-motivated number cruncher with a passion for high-quality coding? Are you interested in working in a multinational and interdisciplinary team? Then a multitude of challenging tasks awaits you!

Your Job

• Monitor capital markets and analyze their impact on our portfolio, including a breakdown of different performance drivers ('Performance Attribution', 'P&L Explain')
• Support a variety of activities within our hedging platform, including onboarding new reinsurance transactions, reporting, maintenance and automation tasks
• Execute further reporting tasks, which could be in the sphere of either IFRS 17, or our non-hedged business or comprehensive reporting for our internal primary insurance carrier
• Drive automation initiatives by identifying process gaps, enhancing existing code and developing new tools (primarily using R and SQL)
• Contribute to recurring and ad hoc team activities, including quality assurance processes and internal and external audit support

Your Profile

• University degree in mathematics, physics or computer science, combined with strong knowledge of financial mathematics
• Ongoing or completed training towards fellowship in an actuarial society would be considered an asset
• Advanced skills in R and SQL; ideally complemented by some Java knowledge
• At least 3 years of experience in (re-)insurance (Life, Risk Management or Reserving), investment banking, consulting or related fields
• Knowledge of valuation models, International Financial Reporting Standards (IFRS 9/17), and European and/or Chinese regulatory standards (Solvency II, SST, C-ROSS)
• Experience with banking software or trading platforms, particularly Calypso, would be an advantage
• Experience in project work and ideally project managementExcellent analytical and conceptual skills
• Pro-active team player
• Fluent business English; German language skills would be an advantage

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.

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 Rehn

Talent Acquisition Partner