Senior Valuation Actuary (m/f/d)*

Munich Re; München; Vor Ort; EUR 60.000 - 100.000; Vollzeit

Zusammenfassung

An established industry player is seeking a Senior Valuation Actuary to enhance their Modeling team in Munich. This role focuses on analyzing data to set best estimate assumptions for reinsurance transactions, collaborating with international underwriting teams. The position offers a dynamic environment where you will engage in cross-sectional deal teams to develop tailored reinsurance solutions. With a commitment to diversity and continuous learning, this firm fosters innovation and supports career mobility, making it an ideal place for professionals eager to push boundaries and grow in their careers.

Leistungen

Health Management

Hybrid Working

Competitive Salary

Retirement Provision

Work-Life Balance

Continuous Learning

Career Mobility

Qualifikationen

• 5+ years of actuarial experience in insurance or reinsurance.
• Proficiency in statistical methods and programming for analysis.

Aufgaben

• Analyze experience data to derive valuation assumptions.
• Communicate valuation assumptions to stakeholders and obtain approvals.

Kenntnisse

Statistical Methods for Biometric Analysis

Statistical Programming (R, SQL)

Actuarial Risk Assessment

Interpersonal Skills

Ausbildung

Degree in Quantitative Subject

Full Membership in Actuarial Association

Tools

R

SQL

Jobbeschreibung

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 Senior Valuation Actuary with focus on best estimate assumption setting. In this role, you will be based in Munich and collaborate with underwriting teams in Europe, Asia and North America.

Your Job

• Analyse experience data in order to derive valuation assumptions for reinsurance transactions. Perform regular assumption reviews, derive and document recommendations for assumption changes.
• Communicate valuation assumptions and their amendments to internal and external stakeholders, obtain approvals from the valuation oversight function.
• Take part in cross-sectional deal teams with colleagues from Origination and Structuring departments to develop tailor-made reinsurance solutions. Provide actuarial risk assessment for new business.
• Support the implementation of cash flow models with actuarial expertise.

Your Profile

• Excellent university degree in a quantitative subject (insurance/financial mathematics, physics, computer science, engineering)
• At least five years of actuarial experience in insurance, reinsurance or consultancy involving assumption setting for individual life insurance
• Proficiency in statistical methods for biometric analysis (e.g. Generalised Linear Models, Generalised Additive Models)
• Practical experience with statistical programming (e.g. R, SQL) and working with large datasets
• Comprehensive knowledge of life insurance products for at least one regional market, as well as the cash flow models and assumptions used for their valuation
• Solid understanding of market-consistent valuation for financial guarantees embedded in life insurance products
• Strong interpersonal skills, ability to negotiate with others at all levels
• Full membership in an actuarial association (e.g. DAV) is desired
• Languages: Fluent business English and German

Job Evaluation: B

Please use the online application and submit it by 2025/05/21 at the latest (10-day deadline).

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 equalopportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.