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Senior Structurer (Actuarial background) - Financial Reinsurance Unit

Hybrid in Madrid·Added 1 month ago

Still open when we checked on 7 Oct

Munich Re

15 open roles

Overview

Job details

  • Hybrid

    Office and home days — the ad has the split.

Requirements

  • Have the right to work in Spain

    Munich Re doesn't mention sponsorship in the ad.

  • Work in English

    English is required, per the ad.

  • Be near Madrid for hybrid days

    No relocation package mentioned.

  • Have 10+ years of experience

    Senior-level role.

  • University degree

    “Sound technical university degree with an economic or mathematical focus” — per the ad.

Skills

Requirements

What we're looking for

  • Sound technical university degree with an economic or mathematical focus
  • +10 years of professional experience in insurance/reinsurance actuarial valuation fields
  • In-depth knowledge of IFRS17 and Solvency II as well as structuring capital management solutions
  • Practical experience in project management
  • Excellence in working collaboratively and efficiently in often virtual and international group dynamics
  • Result-oriented mindset combined with out-of-the-box thinking and organizational strength

Nice to have

  • Professional actuarial qualification and/or experience is a plus

Languages

  • Excellent written and verbal communication in English, Spanish skills would be highly appreciated

Pay & benefits

What you'll get

  • 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: we offer you a very flexible approach.

The role

Financial Reinsurance is a global strategic initiative located at the core of Munich Re's 2025+ Ambition. The initiative combines corporate finance, accounting, actuarial science, and regulatory expertise to provide our clients with reinsurance solutions that help them meet their financial and strategic objectives.

As part of this global initiative, a fully dedicated unit was created in 2021 with the scope of defining, executing and monitoring the financial reinsurance strategy for our Life and Health clients in Southern Europe and Latin America.

Following the consolidation and recent success cases of the unit, we now want to further expand our expertise and are looking for a Senior Structurer that will provide robust technical knowledge and help to ensure excellence on all pricing/structuring related topics. You will work in a talented and high performing team that is fully committed to meeting the unit's ambitious business expectations.

What you'll do

Your Job:

  • Executing structuring tasks of potential deals in the pipeline
  • Developing a complete understanding of all technical related aspects of financial reinsurance treaties
  • Serving as a technical and structuring reference for the Life and Health business unit
  • Identifying existing technical improvement areas and defining potential solutions
  • Developing a robust understanding of key local Life and Health markets across the region
  • Challenging status quo and proposing corresponding alternatives
  • Establishing and managing a deep and extent internal expert network
  • Working closely with our Risk Management team to ensure fit with internal risk appetite
  • Driving internal and external positioning with relevant stakeholders
  • Participating in regional/global projects and working groups across MR

About Munich Re

Munich Re is one of the world's largest reinsurers, headquartered in Munich, Germany. The company provides reinsurance, primary insurance, and insurance-related risk solutions to clients in over 100 countries. With a workforce of over 40,000 employees, Munich Re is a global leader in the insurance and reinsurance industry, known for its financial strength and innovative risk management.

In Spain, Munich Re operates through its subsidiary, Munich Re Spain, with offices in Madrid and Barcelona. The company offers a dynamic and international work environment, with opportunities for professional growth and development. For international professionals, Munich Re provides a multicultural workplace, competitive benefits, and the chance to work with a diverse team of experts in the insurance sector.

Industry
Insurance and Reinsurance
Founded
1880
Employees
40,000+
Headquarters
Munich, Germany
In Spain
Madrid, Barcelona

Good to know if you are moving

  • Munich Re has a strong global presence, offering international career opportunities and cross-border mobility.
  • The company is known for its strong financial stability and long-term employment prospects.
  • Spain offices are located in Madrid and Barcelona, both major hubs with excellent connectivity.
  • Munich Re supports professional development through training programs and internal mobility.
  • The company offers a multicultural work environment with employees from various nationalities.

In their own words

About the company & team

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

Additional information

  • 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.

* 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.

All open roles at Munich Re

Location

Munich Re · Madrid

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