Reserving Actuary IFRS

For Central Reserving, section IFRS 17 Closing

Location

Munich , Germany
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 and with Solvency II.

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 in financial reporting, with proven experience in existing valuation standards and experience according to IFRS 17 an advantage
• Excellent analytical and conceptual skills, as well as the ability to explain technical concepts to non-technical audiences
• 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,
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? Make it happen and be part of Munich Re.

• You will work in an environment where we think big: Change and culture are continuously role-modeled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning
• You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders
• We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn
• You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working leveraging digitalization to deliver solutions
• Join us, and experience that we lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged

Münchener Rückversicherungs-Gesellschaft

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