About UK Life Branch
With the office in Munich, UK Life Branch forms the Life 1 division of Munich Re. The UK life market is one of the most competitive life markets in the world. We operate in a dynamic environment where medical progress, demographic trends, changing lifestyles, laws and regulations, and tough competition constantly create new risk landscapes, requiring a smart strategy and structure for success.
Our strategy is built around three pillars: Protection, Longevity, and Structured reinsurance. We serve clients as experts in their business, providing the financial strength of the world’s largest reinsurer, global expertise, and sharp pricing so they remain competitive and profitable.
About the Role
Seeking a high‑calibre individual with relevant experience to join the UK Financial Reporting team. The role focuses on meeting financial reporting requirements of the Branch, contributing to Solvency II, IFRS, and HGB reporting across all lines of business, and supporting ambitious growth plans.
Key Responsibilities
- Take responsibility for production and analysis of financial projections, liability valuations, IFRS, Solvency II, and HGB calculations across business lines, especially in the context of planned growth.
- Assist with testing and implementation of valuation systems and provide guidance to team members.
- Draft written reports and documentation for results and methods employed.
- Develop technical knowledge and expertise relevant to insurance reporting and accounting.
- Represent the team and communicate results to senior management and other departments.
- Contribute ideas and support positive development of Financial Reporting.
- Collaborate with other departments within UK Life Branch to ensure inputs (including data and assumptions) to Financial Reporting are appropriate and reliable.
- Develop a sound commercial awareness of our business.
- Work successfully with the team across levels of seniority and train more junior team members.
Competencies
- Drives results – consistently achieve results even under tough circumstances, making good and timely decisions.
- Business insight – apply knowledge of the business and market to advance organisational goals.
- Collaboration – identify opportunities and bring the right people together to work on common goals.
- Client focus – build and maintain strong client relationships, listening to their needs and ensuring value is created.
- Culture of innovation – create new and better ways for Munich Re to be successful, generating ideas, creating efficiencies, and harnessing new technology.
- Courage – willing to challenge the status‑quo and address difficult issues, operating effectively even when uncertain.
- Persuasion – use clear and compelling arguments to gain support, enthusiasm, and commitment of others while listening to diverse views.
Key Skills & Experience
- Actuarial experience preferred but flexible for right candidate.
- Experience in life insurance; valuation and financial reporting desirable.
- Computer proficiency, particularly Microsoft Excel and VBA; Python desirable.
- Basic knowledge of IFRS, SII, and other relevant regulations.
- Strong numerical and reasoning skills.
- Good verbal and written communication skills, necessary for presentation and discussion of results and report production.
- Ability to work independently and as part of a team.
- Effective management of own workload, including proposing and meeting realistic work deadlines.
- Initiative and proactive approach to solving problems and learning.
Qualifications and Educational Requirements
Qualified or nearly qualified actuary with in‑depth understanding of actuarial practices.
Regulatory & Conduct Requirements
- Satisfying all regulatory reporting requirements in collaboration with the rest of the reporting function.
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
Benefits
You will be rewarded with a great compensation package, on‑target bonus, 25 days annual leave with the option to purchase more, private medical insurance, and an employer’s contributory pension of 10 %. We also offer fully paid six‑month family leave when needed.
Application Closing Date
Please note application closing date: 12th June 2026.
Financial Reporting Actuary employer: Munich Re
As a leading insurance provider in Greater London, we pride ourselves on fostering a dynamic work culture that values collaboration and innovation. Our employees benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and transformation. Join us to be part of a team that is dedicated to making a meaningful impact in the insurance industry while enjoying the vibrant lifestyle that Greater London has to offer.
