Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Senior Valuation Actuary (m/f/d)*

Location Munich, Germany Date posted 09/29/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9179 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
Apply Now

Munich Re Markets is a leading provider of reinsurance solutions for the global savings, retirement and investment business. We reinsure and manage financial guarantees, policyholder behavior and biometric risks.

The Modeling team is responsible for best estimate assumptions and cash flow models used for Solvency II, local GAAP and IFRS valuation. To further strengthen our team, we are looking for a Senior Valuation Actuary with focus on best estimate assumption setting. In this role, you will be based in Munich and collaborate with underwriting teams in Europe, Asia and North America.

Your Job

  • Analyse experience data in order to derive valuation assumptions for reinsurance transactions. Perform regular assumption reviews, derive and document recommendations for assumption changes.
  • Communicate valuation assumptions and their amendments to internal and external stakeholders, obtain approvals from the valuation oversight function.
  • Take part in cross-sectional deal teams with colleagues from Origination and Structuring departments to develop tailor-made reinsurance solutions. Provide actuarial risk assessment for new business.
  • Support the implementation of cash flow models with actuarial expertise.

Your Profile

  • Excellent university degree in a quantitative subject (insurance/financial mathematics, physics, computer science, engineering)
  • At least five years of actuarial experience in insurance, reinsurance or consultancy involving assumption setting for individual life insurance
  • Proficiency in statistical methods for biometric analysis (e.g. Generalised Linear Models, Generalised Additive Models)
  • Practical experience with statistical programming (e.g. R, SQL) and working with large datasets
  • Comprehensive knowledge of life insurance products for at least one regional market, as well as the cash flow models and assumptions used for their valuation
  • Solid understanding of market-consistent valuation for financial guarantees embedded in life insurance products
  • Strong interpersonal skills, ability to negotiate with others at all levels
  • Full membership in an actuarial association (e.g. DAV) is desired
  • Languages: Fluent business English and German

Job Evaluation: B

Please use the online application and submit it by 2025/05/21 at the latest (10-day deadline).

Our general internal job advertisement (ISA) guideline can be found on MR Web München at ME@MUNICHRE >> Arbeitsrecht & Regelungen >> ISA-Richtlinie.

Information on selection procedures for management positions can also be found in the ISA Guideline.

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position 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
Lisa Schneider

HR Consultant

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.