Actuary (Structured Reinsurance)

Are you a nearly qualified or qualified Actuary looking to expand your knowledge and thrive in the Structured Reinsurance space? The Structured Reinsurance Team are looking to bring on board a new thriving Actuary!

Key Responsibilities:

• Supporting / leading projects for in force management (ultimately taking ownership of this).
• Maintaining close and strong relationships with the various business partners within the Munich Re Group.
• Supporting senior members of the team in new business propositions, including debating creatively with the team and clients in order to design and implement deals which meet their needs.
• Researching reinsurance opportunities arising from existing and new financial reporting and regulatory frameworks.
• Supporting the team in developing strong client-focused relationships.
• Supporting our overall Structured Reinsurance strategy.

• Reviewing the profitability of existing Structured Reinsurance business from existing clients and recommending appropriate actions where vital.
• Using desktop and other research to track new developments in the market, people changes, regulatory updates, etc.
• Coordinating internal resources to deliver on client commitments and to ensure relevant technical experts are involved as/when needed.
• Supporting transactions on the actuarial side in respect of deals – approval documentation, contractual development, model reviews etc.
• Working with colleagues to establish and maintain robust processes to mitigate any material operational failures, data/accounting issues, etc.
• Collaborate to raising and improving Munich Re profile within our market.

Key Skills and Attributes

Essential:

• Experience of the life insurance / reinsurance industry
• A great teammate who will step up and take ownership when required
• Strong analytical skills and the ability to apply judgement and take ownership of tasks
• Able to grasp new concepts and technical issues quickly, and communicate them effectively to others

Desirable:

• Experience working in Life related fields.
• Project management skills
• Client management experience
• Good commercial awareness including understanding of Solvency II and IFRS
• Life reinsurance experience
• Good understanding of capital market / non-traditional reinsurance offerings in the market.

Qualifications and Educational Requirements:

• Newly / Nearly qualified actuary

This opportunity comes along with a competitive salary, 25 days annual leave along with private medical insurance, on target bonus and employers contributory pension of 10%. We also operate in a hybrid working capacity meaning you have the opportunity to collaborate in the office and work from home when needed.

You will work in an environment where we think big: Change and culture are continuously role-modelled. 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 compassionate. 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 using digitalisation to deliver solutions

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

Here at Munich Re we endeavour to offer our staff the opportunity to grow in a challenging, ambitious and diverse working environment. We believe that your commitment to apply your outstanding knowledge shapes the future; the future of our clients, of Munich Re, and, of course, your own.

Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees.