Life Pricing Actuary

Life Pricing Actuary (m/f/d)

Company: Munich Re

Location: Munich, Germany

In the Client Pricing unit, we take care of Life and Health insurance in the diverse, exciting, and demanding markets of Continental Europe and Israel. The core tasks of the Client Pricing unit include pricing and risk management for reinsurance contracts, biometric studies, data analytics, and monitoring. The Client Pricing unit ensures a holistic, client-focused team approach together with the Client Management team to effectively support the acquisition and maintenance of reinsurance business in the region.

Achieving these goals requires a close cooperation between the Client Pricing unit and a wide range of internal departments (Centres of Competence, Valuation, Accounting, etc.). We are looking for a highly qualified and motivated candidate to work as a Life Pricing Actuary with a special focus on Germany and/or the Netherlands/Belgium.

Your Job

• Collaborate with the Client Management team in a proactive and goal-oriented way, especially by supporting the acquisition of new, profitable business and by managing the in-force.
• Structure and price reinsurance treaties by using actuarial modelling software.
• Advise on possible solutions to optimise reinsurance for both Munich Re and our clients.
• Derive and update pricing assumptions, if possible, based on biometric studies.
• Provide actuarial support for our clients.
• Participate in agile projects and initiatives supporting our business strategy.
• Support product development in close cooperation with the Business Development unit.
• Support monitoring, accounting, valuation of new and existing business, including management of portfolio data in close cooperation with the Accounting unit, the Valuation unit, and the Centres of Competence.
• Analyse current developments in Life insurance markets and their implications for Munich Re and our cedents.
• Execute risk management processes.

Your Profile

• University degree in statistics, mathematics, or actuarial sciences with excellent results.
• Qualified actuary, or as a young professional or graduate: willingness to become an actuary.
• Work experience in primary insurance and/or reinsurance is a plus.
• Experience with actuarial modelling software such as AXIS, Prophet, or similar, and knowledge of software such as R is advantageous.
• High degree of entrepreneurial attitude, customer and team orientation, motivation, and willingness to take over responsibility.
• Strong analytic and conceptual thinking combined with a thorough and systematic work approach.
• Very good command of English and German (written and spoken).

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.

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.

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.

Unlock Your Potential

• Diversity, Equity & Inclusion: We embrace the power of differences and are convinced that diversity fosters innovation and resilience.
• 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.