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IT-Business Analyst (m/f/d)*

Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 12267 Company Munich Re Employment type Regular Area of expertise Information Technology
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This role will be part of the RI Property & Casualty Tower for Group Technology, responsible for delivering business value by managing IT products and executing change projects for the RI P&C business. The Tower maintains key relationships with units involved in underwriting and claims management, and oversees IT products for Munich Re Trading Limited, which develops risk transfer solutions. Additionally, it collaborates closely with finance and digital innovation teams to combine services and data, supporting the expansion of business use cases.

The RI Property & Casualty (P&C) IT Tower delivers business value through management of IT products including execution of change projects, and delivery of agile IT product management, application development and IT operational support. The product and project portfolio of IT Business Solutions RI P&C covers all underwriting, pricing and claims management solutions for all Non-Life Reinsurance lines of business.
The subsection UW Platform Treaty / Facultative & Corporate provides both project and product services for the applications contained in the Underwriting Platform (UWPF).
To complement our teams of recognized IT experts, we are looking for enthusiastic and motivated individuals, here for a Business Analyst supporting individual pricing systems. In this role you will have the responsibility to define the business requirements for the system together with our business partners in Corporate Underwriting.

This position will be located in Munich.

Your Job

  • Responsible for the analysis of reinsurance underwriting related business processes, identification and initiation of business process improvements in close collaboration with business stakeholders and technical architecture
  • Supporting a requirements team, which provides key analytical skills to discover and understand business problems, document the requirements and acceptance criteria for IT systems
  • Design and implementation of test management mechanisms providing a high degree of automation
  • Driving the alignment, assessment, and prioritization of identified demands within the respective business units and thus driving the related project and product backlogs together with project management
  • End to end alignment with several external/internal stakeholders
  • Ensuring a consistent, integrated and resilient target system and data landscape to enable cost efficient digital businesses

Your Profile

  • University degree, preferably in Computer Engineering / IT or similar qualification
  • Understanding of reinsurance core business processes including experience in managing various stakeholders
  • Demonstrable experience in analysis of business demands, deriving of system requirements, translating into system solutions and describing the requirements in the product backlog and updating the product documentation
  • Track record of successful implementations that delivered value to the business, resulting in measurable business process improvements
  • Demonstrable experience in documenting requirements as use cases, user stories, including modeling in e.g. UML using Sparx Enterprise Architect
  • A valid and recent Requirements Engineering certification like IREB would be desirable
  • Good knowledge and experience in Munich Re´s Product Management methodology and willingness to successfully support all product lifecycle tasks for the pricing systems 
  • Several years of experience in IT, preferably in application development and hence in-depth knowledge of the processes of the entire software development and product life cycle in an agile mode
  • Strong analytical, facilitation, presentation and multidisciplinary communication skills
  • Consulting and collaborative working style creating a culture of accountability and sharing
  • Excellent collaboration and communication skills, with the ability to work effectively with stakeholders at all levels
  • A high degree of commitment and the willingness and ability to master the various tasks are essential
  • Business acumen – able to easily grasp business topics and to view and present things from a business perspective rather than IT
  • Ideally excellent command of German and 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
Timo Wacke
Talent Acquisition Partner

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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.

See the area you’ll be working in

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