Internship Opportunity: Actuary with focus on Risk modelling (m/f/d)*

Munich Re's Central Life Reserving (CLR) division oversees the reserving and financial reporting within the Life and Health Reinsurance Portfolio. Our team plays a crucial role in Life and Health Reinsurance’s success by providing reliable valuations and insightful analysis. The aspect of overseeing reserving not only involves best estimate cash flows but also risk margin calculations. For risk margin calculations, an important role within CLR is the management of our internal risk model.

It is with a view of our role in relation to the internal risk model that we are looking for enthusiastic and motivated individuals who can assist in various risk model related tasks. You will have a part in the execution of important analysis and deliveries that will be used by senior management as a basis for decision-making. There will be a wide range of challenging topics for a global reinsurer that will require strong quantitative skills and risk assessment knowledge.

Your Job

• Assisting CLR in the various tasks related to the internal risk model, incl. study of results from a risk perspective, delivery of risk reports.
• Helping further development of our analytical tools – supporting IT projects/tools as needed, such as our cash flow database, risk model kernel, etc.
• Solvency II reporting and result analysis.
• Other supportive work.

Your Profile

• Master student in Mathematic, IT or other scientific department.
• Strong analytical skills together with high motivation and a solution oriented mindset.
• Experience with programming is a must, preferably Matlab but Python and/or R is a plus.
• Actuarial and risk modelling knowledge is an advantage.
• Strong communication and interpersonal skills.
• Very good command of spoken and written English in addition to the willingness to work in an international environment.
• Microsoft Office, especially Excel, is a must.

Students from countries outside the EU require a German residence-/work permit. The first master's degree may not have been completed before/during the entire internship.

About Us

As the world's leading reinsurance company with more than 16,000 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.

Münchener Rückversicherungs-Gesellschaft

Oksana Kern / Nina Hartmuth

• Coordination Students Program
• Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunity employer. Severely disabled candidates will also be prioritised, if equally qualified.