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Actuary

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 8709 Company Munich Re America Services Employment type Regular Area of expertise Actuarial & Risk Management
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Actuary

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

We’re adding to our diverse team of experts and are looking to hire one Actuary to enrich our Global Clients/North America United States (GC/NA US) Business Unit Reserving team within Corporate Reserving.

The responsibility of Corporate Reserving is to use quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This involves continuous monitoring of the reserve position, and the further development of actuarial methods, the underlying systems, and tools to support this.  Additional responsibilities are the assessment of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP and Statutory standards.   

Responsibilities

  • Collect, analyze, and interpret financial data to inform business decisions and drive process improvements

  • Develop and maintain complex financial models and forecasts using Microsoft Excel

  • Create reports, dashboards, and visualizations using Microsoft Power BI to communicate financial insights to stakeholders

  • Collaborate with cross-functional teams to identify business needs and develop solutions

  • Develop and maintain financial metrics, KPIs, and benchmarks to measure performance and identify areas for improvement

  • Analyze and resolve financial discrepancies and anomalies

  • Develop and deliver regular financial updates and insights to senior management through presentations using Microsoft PowerPoint

  • Stay up to date with industry trends, new technologies, and emerging best practices in financial analysis and planning

As part of the GC/NA Reserving team, your role is to become a strategic partner with our business unit utilizing actuarial know how, while broadening and deepening portfolio knowledge accompanied with market trends to provide business insights to support profitable growth.   This partnership must be developed, while maintaining objective ownership to the balance sheet strength of Munich.  In addition, you will provide analytic support to more senior actuarial roles within Corporate Reserving in various analyses providing many opportunities for mentoring.  

YOUR JOB

  • Collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of the Munich Re Group

  • Establishing key relationships with the GC/NA Business Unit to create a trusting environment that facilitates open and honest communication

  • Communicating and acting as an interface between Corporate Reserving and the GC/NA Business Unit team, Global Reserving team, as well as Controlling, Planning, Accounting and Claims staff locally and globally. 

  • Performing actuarial analyses including reserve review, actual vs. expected comparisons, and focused portfolio analyses

  • Performing quality assurance, analysis and reporting of IFRS17 data and results

  • Enhancing reserve analyses by working with the business unit to understand strategy, portfolio performance, and trends within the marketplace 

  • Participate and create actuarial presentations and present results/topics to both actuarial and non-actuarial audiences, including management.

  • Providing the business unit understanding and insight into their results due to the combined impact of their strategy, portfolio performance, external factors, and reserving decisions

  • Building trusted relationships and aligning different interests in a complex organization

Qualifications

  • Bachelor’s degree in mathematics, actuarial science, economics, business or a related field requiring modeling, programming or quantitative analysis.

  • Six+ years of (re)insurance/actuarial experience, including reserving, pricing, underwriting, risk management, accounting, reporting and/or controlling or similar disciplines.

  • Membership in the Casualty Actuarial Society and in the American Academy of Actuaries. The equivalent credentials for international candidates will be considered.

  • Excellent quantitative and analytical skills with emphasis on practical application

  • Effective oral and written communication skills, including the ability to explain technical concepts to non-technical audiences

  • Good time management and organizational skills include managing conflicting priorities and completing multiple tasks and projects.

  • Strong project management, process optimization and change management skill

  • Experience with insurance-related databases and data warehouses preferred

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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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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