Consultant - Insurance Portfolio Management

About Us

Insurance Consulting is a small yet globally connected consultancy, working closely with Munich Re Group companies as well as clients of Munich Re’s risk transfer solutions. We are a cornerstone of the Munich Re service proposition, offering distinctive client value that enhances our reinsurance business relationships. Our global team of highly skilled and experienced insurance professionals delivers high-impact consulting services in areas such as Pricing, Underwriting, and Portfolio Management. For our internal stakeholders, we focus on delivering measurable performance improvements. For external clients, we aim to generate tangible outcomes that directly support Munich Re’s reinsurance business.

The Opportunity

We are seeking an experienced and dynamic Consultant with strong technical skills and prior experience in one or more areas of non-life insurance portfolio management—such as actuarial portfolio diagnostics, business steering, reporting and analytics, accumulation control, or capital management. You may have a background in consulting or have worked closely with business teams in a strategic or technical capacity. What’s essential is your ability to think strategically, engage effectively with stakeholders, and thrive in a collaborative, interdisciplinary, and international environment. We’re looking for someone with a solution-oriented mindset, a passion for delivering high-quality outcomes, and the curiosity to explore new approaches. If you are ready to drive meaningful impact, we’d love to hear from you.

Your Responsibilities

• Understand client needs and design tailored, data-driven solutions using advanced methodologies.
• Deliver exceptional outcomes on client engagements; manage workstreams independently and lead smaller projects autonomously.
• Support client discussions with senior stakeholders and contribute to business cases, RFPs, and proposal development.
• Collaborate across global Deal Teams with diverse skill sets and backgrounds.
• Ensure a superior client experience through quality execution and delivery.
• Track project milestones and support overall project management.
• Build a strong professional presence through expertise and performance.

Your Profile

• Tertiary education (BSc, MSc, PhD) in mathematics, statistics, actuarial sciences, or related fields; or professional qualification from a recognized Actuarial Association.
• Experience in primary insurance with exposure to strategy, operations, PPCU, or insurance technology.
• Hands-on expertise in one or more aspects of non-life portfolio management, such as business steering, reporting, accumulation control, pricing, or actuarial diagnostics.
• Strong analytical and problem-solving capabilities, with a client-focused mindset.
• High level of ownership, accountability, and a proactive, self-starting attitude.
• Excellent interpersonal and communication skills, with the ability to engage confidently with senior stakeholders.
• Fluency in English; additional languages such as Spanish or French are advantageous.
• Willingness to travel and engage in international assignments as needed.

You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6 months family leave for times when you need it the most.

About us

You will work in an environment where we think big: Change and culture are continuously role-modelled. 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 using digitalisation to deliver solutions.

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.

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for! All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.