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Valuation Actuary

Munich Re’s Central Life Reserving Global Oversight Team is responsible for the reserves held in the life and health reinsurance portfolio. We empower reserving actuaries across the globe to provide actionable analytics on business and reserve developments relevant for decision-making.

We expand and improve our capabilities for analysing and understanding risks. We drive the development and implementation of an integrated actuarial analysis and reporting platform, and we constantly safeguard the availability of high-quality data for the reserving processes.

Exploring new and complex topics is your passion? Do you like to present complex matters in a simple way? Are you keen on helping others to learn and grow in their roles? If this sounds like you, we invite you to apply to join our diverse and dynamic team!


  • Liaising within CLR Global Oversight for local valuation teams, including:
    • Discussing and quality assuring necessary model and assumption changes
    • Analysing and quality assuring their valuation results in all relevant bases, as well as related management reporting
    • Adding value to the BU by serving as a discussion partner/consultant in all valuation-related topics
  • Performing analytics on the global LH valuation results and related reporting for senior management
  • Representing CLR workstreams in internal Munich Re projects, such as in the context of IFRS17 / IFRS 9; in particular helping to bring the IFRS 17 deliveries into operational practice in the CLR Global Oversight function
  • Supporting or performing on-site valuation reviews in the international LH Re organisation
  • Developing and maintaining the working relationships with various interfaces throughout Munich Re, including the valuation teams in the IO, IRM, the Group actuarial function, FRR, RIC, RIA, CU and auditors


  • Bachelor’s or master’s degree with a quantitative or technical background (e.g. in mathematics, physics, statistics, actuarial science or computer science)
  • Professional actuarial experience in life or health (re)insurance
  • Highly dedicated, motivated and results-driven
  • Ability to work collaboratively and effectively in a dynamic international group and a talent for managing interfaces and building networks
  • Strong conceptual, analytical and communication skills with an emphasis on practical application
  • Sound knowledge of IFRS 17 for life reinsurance business is desirable
  • Ability to be precise where necessary and pragmatic wherever appropriate
  • Very good command of spoken and written English

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? 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

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 prioritised, if equally qualified.

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⛔️ Munich Re are no longer taking applications for this job.

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