Non-Life Reserving Actuary (Insurance)

Job Title: Non-Life Reserving Actuary (Insurance)
Contract Type: Permanent
Location: Munich
Industry: Banking & Insurance
Reference: KC/NLRAIN//MUN
Contact Name: Kate Castell
Contact Email:
Job Published: February 23, 2021 13:00

Job Description

  • An exciting opportunity to join a global insurance business within the central reserving function, with the opportunity to be involved also in IFRS17 implementation.
  • As a global leader in the insurance space, you will have a great opportunity to work with highly experienced Actuaries, during an innovative restructure that will centralise actuaries across the value chain.
  • The company offers a robust career development path and support for your technical and personal development. 

Our client is a respected and well-known insurance firm, that offers life, health and non-life insurance products globally. The role sits within an actuarial function responsible for commercial and corporate business lines.

Key Responsibilities

  • Calculate actuarial reserves for commercial and corporate lines of business, taking responsibility for specific global regions.
  • Combine analysis related to pricing, reserving and capital modelling to provide nuanced technical analysis both for reserving and other actuarial functions.
  • Prepare Solvency II pillar 1 calculations and ensure that disclosures are accurate (in collaboration with your team members)
  • Collaborate with other actuarial teams to ensure an efficient knowledge-sharing dynamic, proactively reaching out to all relevant colleagues and teams.
  • Advocate for actuarial best practice across the group, contributing to any relevant discussions or initiatives related to improving analytical approach (i.e. related to machine learning, data science etc.).

Key Requirements

  • BSc/MSc (or higher) degree in a scientific/mathematical or actuarial subject; additionally with either a completed actuarial qualification (DAV, FIA, FSA, SAV etc) or currently completing this qualification. Part-qualified actuaries are equally as welcome as qualified actuaries, and support for the examinations is provided.
  • Minimum five years of experience as a GI/General Insurance/Non-Life Actuary.
  • Experience in reserving of long tail/liability business is preferred.
  • Fluent English is required; candidates with additional European languages will be prioritised.