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.

The department Global Process Owner IFRS 17 within Central Reserving is responsible for the provisioning of high-quality data, state-of-the-art reserving products, tools and analyses to the global reserving community related to the new accounting standard IFRS 17. The focus is on the implementation of missing functionalities, automation of processes and controls as well as execution of quarterly IFRS 17 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

• Taking responsibility for global provisioning of IFRS 17 reserving-relevant analyses, reports and data in excellent quality
• Overseeing the efficient execution of IFRS 17 processing and quality assurance during quarterly closing
• Driving the implementation of automation of processes and controls as well as enhancement of IFRS 17 reporting
• Driving test initiatives including test automation, test efficiency as well as test management for different test types
• Creating a constructive work environment and establish a strong communication within the team, as well as with colleagues in the global reserving community
• Supporting the global reserving community refining the global reserving process for IFRS 17, particularly focusing on a proactive and positive change management

Your Profile

• University degree with quantitative focus (e.g. mathematics, actuarial science, information technology, or economics)
• Experience in an actuarial role (e.g. in Reserving, Pricing, Risk Management, Underwriting, insurance audit)
• 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)
• 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

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 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

Vesselina Markova
Talent Acquisition Partner