Corporate Underwriter - NatCat Accumulation Risk Management (m/f/d)*

Corporate Underwriter - NatCat Accumulation Risk Management (m/f/d)*

Corporate Underwriting is responsible for the risk management function for underwriting risks as well as the cross-divisional business support function to enable and ensure risk-adequate underwriting in the global reinsurance segment. The section “NatCat Accumulation Risk Management” is accountable for developing modelling standards and for quantifying, monitoring and managing natural catastrophe (NatCat) risks. The team also supports the business units in taking advantage of specific business opportunities.

To complement our team of experts in this area, we are looking for an enthusiastic Corporate Underwriter who is motivated by NatCat modelling and providing guidance to a team of experts in this area. You will be able to shape the underlying concepts of the NatCat business and NatCat models across Munich Re Group.

Your Job

• Development or enhancement of concepts, methods, tools and guidelines to identify, quantify and monitor NatCat risks for single participations as well as for the whole Munich Re portfolio
• Coordination and execution of annual portfolio roll-ups as input for the Munich Re Group capital model and the post-event loss estimation process
• Supporting internal processes for capacity steering and accumulation budget reporting to various stakeholders
• Consulting operational units on NatCat Risk Management topics and monitoring of accumulations as well as supporting or conducting internal trainings
• Leading or supporting projects related to NatCat risk management and accumulation control and contribution to the annual planning process
• Close cooperation with various internal stakeholders (e.g. Integrated Risk Management, Reserving, Controlling) and with business units including the international organization

Your Profile

• Degree in mathematics, statistics, natural sciences or equivalent qualification
• Experience and expertise in risk management or underwriting or practical experience in cat modelling (RMS Risklink, RMS Risk Modeler, AIR/Verisk) beneficial
• General understanding of natural catastrophe accumulation risks in Non-Life reinsurance or primary insurance
• Excellent analytical and conceptual skills; working knowledge of SQL and programming skills (Python, Matlab, R) would be beneficial
• High level of motivation in acquiring expert knowledge and tool know-how
• Methodological, didactical and intercultural competencies as well as conflict management skills to cope with complex challenges
• Team player with good networking skills
• Very good command of English language (written and spoken)

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

About us

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? Push boundaries with us and be part of Munich Re.

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• 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.

Rewards & Recognition

• 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: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* 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.