Actuarial Data Scientist (m/f/d)*

Munich , Germany

The Integrated Analytics team is part of the Munich Re Life & Health department based in Munich, serving as a regional analytics centre (RAC) for Europe and Latin Americas. The team is responsible for data and analytics strategy and systems’ development, biometrics, data and knowledge modelling, and advanced actuarial analytics topics for more than 50 markets, for 500+ cedents, and 1,500+ active reinsurance contracts. We strategically invest in scalable, easy-to-use data and knowledge technologies to create and operationalize high quality products and services using structured and unstructured data, serving both internal and external clients. We believe that better data and advanced analytics can strengthen our reinsurance core and service business and will be the foundation for the business models of tomorrow.

Join our team of industry experts and contribute your actuarial and systems’ expertise to make a significant impact on the life and health reinsurance sector. Your advanced expertise will be instrumental in assisting our clients in the life and health (re)insurance industry to make data-driven decisions, enhance risk management practices, and improve overall efficiency.

Your Job

• Deliver insights to internal and external stakeholders along the whole (re)insurance value chain by using traditional and modern statistical methods, in particular A/E’s, GLM/GAM and decision-tree ensembles and other advanced machine learning.
• Conduct experience studies and other analysis related to disability, mortality, and other lines of business to identify trends, patterns, and emerging risks to support pricing, reserving, and underwriting decisions.
• Visualize and present derived results to internal and external stakeholders.
• Identify opportunities to improve existing reinsurance solutions by developing and enhancing methods.
• Collaborate with cross-functional and cross-regional teams to promote a data-driven decision-making culture.
• Contribute to projects that extend systems and tools, fostering innovation within the industry.
• Participate in projects to drive innovations and practical solutions, especially the extension of our systems/tools landscape, and embedding with global services and infrastructure.

Your Profile

• Master’s degree or PhD in relevant fields such as mathematics, statistics, or actuarial science, or comparable (quantitative).
• Proven practical multi-year experience with data analytics methods, including multivariate methods such as GLMs and decision-tree ensembles.
• Strong (statistical) statistical programming in R and SQL, also willingness to develop expertise in our technical / actuarial tool-landscape would be an advantage.
• Experience with data visualization and respective tools (Power BI, Shiny).
• Professional experience in actuarial department of a life or health (re)insurer and qualification as Actuary or similar desirable.
• High motivation and ability to work on various projects at one time in a structured and independent way.
• Excellent communication and interpersonal skills to effectively collaborate with clients and team members.
• Very good written and spoken German and English language skills.

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.

Münchener Rückversicherungs-Gesellschaft
Lisa Schneider • HR Consultant
Königinstraße 107 • 80802 München • GERMANY