Actuary - Corporate Underwriting (m/f/d)*
Location
München | Germany
Job description
Actuary - Corporate Underwriting (m/f/d)*
The Pricing, Systems & Analytics department in Corporate Underwriting equips MR’s Underwriting with methods and tools to efficiently understand, price, and manage Non-life risks. Specifically, our tools support operative underwriting units in sustainably structuring and steering MR’s non-life business.In this regard, the Pricing Methods & Tools section concentrates on two goals in close cooperation with operative underwriting and IT. First, we develop a system landscape designed to fulfil the future requirements of treaty and facultative underwriting in the pricing context. Second, we train underwriters in pricing methods and usage of MR’s UW systems landscape.In the years to come one of our focal areas will be the redesign of the net pricing systems for the various Single Risk lines of business. For this reason we a looking for someone with a strong Property/Engineering Underwriting background, who is tech savvy and wants to support shaping the future target system landscape for Single Risk Underwriting.
If you enjoy working in a dynamic, ambitious and innovative environment and want to contribute to the development of Munich RE’s backbone Underwriting systems, be part of this journey and join our diverse and international Pricing Methods & Tools team as Actuary.
Your Job
- Shape the further development of the Underwriting Platform as the central platform for both submission data collection and analysis, as well as pricing and reporting
- Support the steps involved in development of methods used for pricing of (Re-)insurance risks. From the initial actuarial idea to the concept, the implementation as well as to tests, and finally end user trainings and support
- Analyze and challenge existing Underwriting processes in a constantly changing environment in order to ensure smooth workflows
- Leverage from new data sources and technological innovation (including modern algorithmic methods) in the solution design process
- Manage diverse stakeholder groups and drive forward the ultimate, efficient and effective approach from various options
- Collaborate with and guidance of IT teams, who are in charge of implementation of specific requirements
- Conduct trainings to help improve the technical quality in Underwriting
- Perform underwriting, pricing and tool reviews
Your Profile
- University degree in mathematics, natural sciences or a similar qualification with professional experience
- Several years of experience in Underwriting or actuarial role in primary insurance or reinsurance
- Understanding of the processes involved in primary insurance and reinsurance, especially with regard to pricing and structuring programs
- Good abstract reasoning and mathematical analytical skills
- Willingness to deal with technically challenging subjects independently, creatively and in a goal-oriented way
- Experience in managing diverse stakeholders and ability to explain complicated issues to a non-conversant audience
- Profound knowledge of Microsoft Office products
- Very good English and German skills, verbally and in writing
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.
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