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Reserving Consultant non-life (m/f/d)* - Limited to 18 months

Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 10257 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
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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 within Central Reserving is responsible for the provisioning of high-quality data,  reserving products, tools and analyses to the global reserving community. The focus is on the consolidation, simplification and automation of processes and tools to support one global reserving process across all reserving entities in the group.

To complement our team of experts, we are looking for enthusiastic individuals who are motivated to contribute towards the implementation of a reserving system landscape and who are highly interested in understanding reserving processes in order to transfer them into technical solutions.

Please note that this position is limited for 18 months (fixed-term contract).

YOUR JOB

  • Deliver high-quality reserving-relevant analyses, reports, and data to support actuarial decision-making.
  • Develop and enhance existing reserving systems to improve the accuracy, efficiency, and automation of actuarial analyses and reporting processes.
  • Provide user support and guidance for global reserving data, tools, and processes to ensure consistency and usability across the organization.
  • Collaborate with the global reserving community to facilitate the implementation and effective use of standardized reserving processes.

YOUR PROFILE

  • University degree with quantitative focus (e.g. mathematics, actuarial science, information technology or economics)
  • Proficiency in developing tools based on cubes (e.g., TM1, SSAS) desirable
  • Experience in statistical programming languages (e.g., R or Python)
  • Knowledge of SQL and Power BI desirable
  • Experience in RI loss estimation or similar actuarial functions (for example from Reserving, Pricing, Underwriting, Risk Management)
  • Excellent analytical and conceptual skills with the ability to explain technical concepts to non-technical audiences
  • Excellent command of English, good command of German desirable

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
Yamina Djurisic

Human Resources

Apply Now

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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