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Actuarial System Engineer (m/f/d)*

Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 10548 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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Full time or part-time (30 hours per week)

Munich Re's Central Life Reserving (CLR) division oversees the reserving and financial reporting within the Life and Health Reinsurance Portfolio. Our team plays a crucial role in Life and Health Reinsurance’s success by providing reliable valuations and insightful analysis. As a global, diverse, and inclusive community, we relentlessly pursue excellence to support informed decision-making in the Life & Health Reinsurance business. We ensure consistent reporting, diligent monitoring, and compliance utilizing state-of-the-art tools and technology. By fostering collaboration across regions and cultures, we cultivate leaders and experts while driving our mission forward. 

Over the next few years, a key task for the Systems and Development team will be the further development and automation of the global valuation, analysis and reporting platform VITA together with other CLR units and the local valuation teams.

In this role you will be responsible in driving the further implementation of the VITA platform and will report to the Head of Systems and Development.

We are looking for someone enthusiastic about driving forward his/her career in an inspiring environment where actuarial, data analytics and IT topics meet each other. You will have a solid track record in one of these topics and be passionate about developing the others as well as working in agile projects with a diverse international community of highly qualified teams.

If this sounds like you, we should definitely get in touch.

YOUR JOB

  • Driving the development of the project VITA for both actuarial analyses and reporting requirements focusing on IFRS 17 and IFRS 9 and potentially further reporting metrics
  • Defining the product requirements and details them in collaboration with other subject matter experts/topic leads on the team by creating required business and/or technical documentation to support product needs
  • Implementing the requirements incl. testing, documentation and deployment
  • Developing client requirements by using the VITA technology stack (Databricks, Python and PowerBI)
  • Testing application enhancements or modifications, supporting the VITA users
  • Leading or supporting other IT-related projects and tasks for the department

YOUR PROFILE

  • University degree in mathematics or information technology or a similar qualification with a strong quantitative focus
  • An actuarial background and/or proven experience within valuation is an asset
  • Proficiency in relational databases and data analytics tools, excellent knowledge of data models and data structures
  • Technical expertise in the data domain with hands-on experience in developing Azure Databricks, PowerBI, Python, SQL.
  • Excellent organization, planning, documentation and proven experience with agile project management practices such as MR Essentials
  • Strong customer focus and ability to both give guidance and support effectively different stakeholders of various professional backgrounds
  • Excellent command of English 

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re 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 equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft
Vesselina Markova

Human Resources

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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