Actuarial Analyst 1

Overview

In this actuarial trainee role, you support pricing, data analysis, and financial projections across life, general, or specialty lines within the Munich Re group. You will work with cross-functional teams to translate data into actionable insights, contribute to governance reports, and help optimise processes. The role combines technical modelling with collaboration to advance pricing strategy and risk assessment. Your work supports sustainable profitability and client-focused solutions in a dynamic market.

Pay / Benefits

• Great compensation package
• Pension contribution
• Insurance coverage (life and private medical)
• Study support for actuarial exams
• Payment of actuarial membership fees
• Mentoring and development programs

Responsibilities

• Analyze data including claim rates across markets to inform pricing of reinsurance products
• Quote on reinsurance tenders and support deal execution across product lines
• Produce financial projections and liability valuations for internal reporting
• Draft reports, documentation, and presentations for internal and global stakeholders
• Contribute to process improvement initiatives within the team
• Build relationships with business developers and grow a branch-wide network
• Assist with regulatory and governance requirements relevant to actuarial work
• Support actuarial qualification through study and mentoring programs

Key requirements

• Minimum 2:1 degree in STEM, Actuarial Science, Computer Science, Economics or similar numerical subject
• A level grades with at least A in a numerate subject
• Numerical and analytical skills with ability to apply judgement
• Keen to learn and develop technical capabilities
• Strong communication skills for diverse audiences
• Outstanding team player with collaborative mindset
• Organisational skills to meet targets and manage expectations

• Collaborates (team-oriented)
• Nimble learning (quickly tackle problems)
• Effective and flexible communication
• Numerical analysis
• Pricing and financial projection
• Data interpretation and judgement

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