Consultant Reserving * in München bei Munich Re

Consultant Reserving (m/f/d)* in München bei Munich Re

Munich Re

Consultant Reserving (m/f/d)*

Company
Munich Re
Location
Munich , Germany

Consultant Reserving IFRS 17 (Non-Life) (m/f/d)*

for Central Reserving, section IFRS 17 Closing

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 as well as the further development of actuarial methods, underlying systems and tools. Additional responsibilities include the financial reporting on non-life technical provisions. With the introduction of IFRS 17 a new financial reporting and analysis landscape will be established.

To complement our team of experts in this area, we are looking for motivated individuals to perform in-depth analyses on IFRS 17 closing figures and to translate them into a reporting and business context. You will be able to get an in-depth overview of the non-life reinsurance business of Munich Re, and have the opportunity to contribute and experience the interaction between IFRS 17 with its predecessor IFRS 4 out of the perspective of an actuary.

Your Job

Ensuring quality in data deliveries of all reinsurance non-life entities for IFRS 17 calculations
Performing analysis, quality assurance and explanation of IFRS 17 closing figures in close cooperation with Munich Re branches and subsidiaries
Reconciling IFRS 17 to IFRS 4 figures for both balance sheets and profit and loss statements
Contributing to the further development of the systems and tool infrastructure for actuarial analyses as well as internal and external reporting requirements in cooperation with other departments
Preparing communications on IFRS 17 topics for various internal and external stakeholders such as board committees and auditors

Your Profile

University degree with quantitative focus (e.g. mathematics, actuarial science, information technology or economics)
Expert with experience in an actuarial role (e.g. in Reserving, Pricing, Risk Management, Underwriting, Actuarial Audit)
Strong interest and background on financial reporting, with proven experience on existing valuation standards and experience according to IFRS 17 of advantage
Excellent analytical and conceptual skills, as well as the ability to explain technical concepts to non-technical audiences
Excellent knowledge of Excel
Knowledge of R, SQL, Power BI and PowerQuery beneficial
Excellent command of English, good command of German desirable

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.