Senior Actuarial Reporting Analyst in London

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

We are looking for a Senior Actuarial Reporting Analyst to join our team on a fixed term contract basis of 6 months in the City of London with hybrid working 2-3 days per week. You will perform a broad range of actuarial reporting tasks, covering both local and group requirements as well as contribute to enhancement of the reporting infrastructure and MI covering both local (Lloyd’s) and group (Munich) reserving & reporting requirements. Help to develop the reporting infrastructure & MI to meet the increasing demands from the business and deliver process automation.

• Undertake the actuarial delivery of Lloyd’s reporting processes, including leading the QMB reporting Lloyd’s and supporting other reporting requirements, e.g. Solvency II (QSR, ASR, TPD etc.) and QMA;
• Undertake elements of the actuarial delivery of Munich reporting processes, including Solvency II TPs, quarterly reporting (Actuarial Day, Outliers, IBLC, AvE) and annual reporting (e.g. MYA), and review others.
• Ensure that results are produced in line with the Group requirements and reporting timetable.
• Review the work of others working on these processes;
• Perform or review the work underlying international regulatory returns such as the US Trust Funds and the Singapore MAS returns;
• Prepare information for the Group quarterly reporting process, including tasks such as AvE reporting, major loss reporting, and ultimate premium & loss forecasts;
• Review and/or peer review the reporting work performed by other colleagues involved in the reporting process. Share feedback and knowledge to support team development.
• Assist with actuarial reports such as the Actuarial Function Report and Annual Reserve Report;
• Gain familiarity with the data warehouse, as well as underwriting, claims and reinsurance systems.
• Extract and analyse data for varied purposes using SQL;
• Play an active and influential role in reporting process ongoing improvement and automation, in conjunction with other experienced staff inside and outside Actuarial including colleagues from Finance and Underwriting and all other parts of the business;
• Liaise with the IFRS17 project team to develop an understanding of IFRS17 requirements in the live BAU environment. Assist with ongoing development if needed.
• Contribute to other actuarial reserving and reporting tasks as needed.

• Knowledge and understanding of the IFRS17 reporting requirements, as well as SII and UK GAAP;
• Experience within an actuarial reporting role, ideally in the London Market;
• In depth knowledge and understanding of the underlying principles of insurance and reinsurance;
• Highly developed mathematical / statistical knowledge;
• In depth knowledge, understanding and practical experience in using a range of actuarial modelling techniques and applications for financial reporting;
• Experience with developing junior members of an actuarial team;
• Willingness to further increase knowledge of Reserving and Reporting related matters and key market topics and develop technical and management skills;
• Experience with or interest in automation of actuarial processes to meet accelerated timetables.

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!

Diversity, Equity & Inclusion: At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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.

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.

Learning and innovating today, striving for sustainable societies and business tomorrow: At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.