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Munich Re
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  • Senior Application Developer  

    - City Of London
    At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition t... Read More
    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.
    Senior Application Developer We are currently looking for a Senior Application Developer to be based in London or Manchester on a full-time basis, reporting into the Head of Subsection for Munich Re Services, North America
    You will lead the design, lead development, and delivery of scalable, secure, and optimised cloud-based solutions using Microsoft Azure, collaborating with other global IT teams and service providers.
    As a technical leader, you will mentor junior developers, conduct code reviews, lead design workshops, and elevate the quality of code and system architecture. Your expertise in TypeScript, Azure, Databricks, and DevOps, combined with insurance industry experience, will be critical in delivering solutions that support Munich Re’s Digital Underwriting business strategy to grow and remain innovative.
    Responsibilities: Lead the design and development of scalable, secure, and high-performance services tailored to Digital Underwriting use cases, such as risk modelling, claims processing, or underwriting systems, ensuring alignment with Munich Re’s IT and business strategy. Write clean, efficient, and maintainable code, adhering to best practices and delivering high-quality, robust solutions. Design, implement, and manage solutions on Microsoft Azure, with a strong focus on Containers and App Services / Functions Leverage Databricks for advanced data modelling, transformation, and analytics to support actuarial analysis, pricing models, and other insurance-specific data needs. Set up, manage, and optimize CI/CD pipelines using Azure DevOps to ensure seamless deployment and delivery of mission-critical applications. Implement cloud security best practices tailored to the insurance industry’s regulatory requirements and optimize Azure resources for performance and cost-efficiency. Mentor and guide junior developers, fostering a culture of technical excellence and knowledge-sharing within the team. Conduct thorough code reviews to ensure adherence to coding standards, maintainability, and performance, raising the overall quality of code across projects. Contribute to, lead and facilitate design workshops with stakeholders, including actuaries, global IT teams, and business leaders, to define technical solutions Apply knowledge of insurance processes (e.g., reinsurance, claims, risk assessment) to design solutions that enhance operational efficiency and decision-making. Work closely with cross-functional teams, including product managers, data scientists, architects, and business units, to deliver innovative solutions that drive value Knowledge and Skills: Commercial experience in software development, with a proven track record of leading complex projects. Advanced proficiency in TypeScript for building robust, scalable applications. Experience deploying, managing, and scaling containerized applications using AKS. Awareness of Databricks for data modelling, ETL processes, and analytics. Deep knowledge of Microsoft Azure services, including compute, storage, networking, and security, with a focus on insurance-specific use cases. Experience mentoring junior developers and leading technical initiatives in a collaborative environment. Strong ability to conduct code reviews and drive improvements in code quality and development practices. Experience leading design workshops and collaborating with business and technical stakeholders to define solutions. Exceptional analytical and problem-solving skills, with a focus on delivering scalable, reliable, and compliant solutions for the insurance industry. Ability to articulate complex technical concepts to non-technical stakeholders.
    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.
    Learn more about sustainability at Munich Re – choose your impact!
    Benefits 25 days Annual Leave + Bank Holidays 10% Non-contributory Pension Eligibility for an Annual Bonus Private Medical + Dental Insurance Critical illness insurance + Life Assurance + Permanent Health Insurance Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility) Electric Vehicle Salary Sacrifice Scheme Study & continuing Professional Development Support Hybrid Working + IT Home Set-up Support
    #BePresent #BeBold #BeCurious Read Less
  • Longevity Actuary  

    - London
    Together, we engage with everything we have and are, to help humankind... Read More
    Together, we engage with everything we have and are, to help humankind act braver and better.
    About UK Life Branch:
    About UK Life Branch:
    With the offices in London, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed.
    At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it’s important to look at the big picture.
    In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.
    About the role:
    The Longevity Actuary has an important role in helping the Longevity team in securing profitable new business by being a pricing and process expert. You will help ensure our approach to pricing longevity risk is market appropriate, and that our product offerings and processes are optimised. The Longevity Actuary will support the wider team across the range of actuarial work we complete, including checking new business quotes, proposition and basis work and further developing our global centre of competence role. You will also support with system development to ensure we continue to improve efficiency across our work. This is a great opportunity for a technically strong individual to join a growing team in an exciting and rewarding environment.
    Key Responsibilities:
    Support on deal origination, managing client relationships and assess deal attractiveness for both UK and non-UK markets Lead new longevity reinsurance quotes as part of quote teams in both the UK and non-UK markets Support executions on actuarial side – contractual aspects, model reviews. Review pricing assumptions in tenders and the wider basis related discussions Support enhancements to UK basis, proposition and market offering Develop an in-depth understanding of our pricing approach to support the wider team with your technical and modelling capabilities Share your knowledge on market developments and practices with the team through training and knowledge sharing Improve pricing tools and processes to ensure the Longevity team's stays competitive.

    Competencies:
    Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.
    Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
    Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.
    Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
    Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.
    Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.
    Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.
    Key Skills & Experience:
    Essential
    Nearly or newly qualified actuary Relevant experience of the bulk annuity market and longevity swap pricing Commercially aware with an understanding of DB de-risking offerings in the market Good modelling skills (Excel / VBA / other languages advantageous) Strong communicator with good negotiation and partner management skills Quick to grasp new concepts, and able to explain them effectively to others A team player who will step up and take responsibility. Good people training skills

    Thought Leaders:
    You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
    You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
    You will treat your colleagues and sales and business partners fairly and with respect.
    Regulatory & Conduct Requirements:
    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 along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6months family leave for times when you need it the most.
    Diversity, Equity & Inclusion
    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. Read Less
  • Longevity Actuary  

    - London
    Together, we engage with everything we have and are, to help humankind... Read More
    Together, we engage with everything we have and are, to help humankind act braver and better.About UK Life Branch:With the offices in London, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed. At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it’s important to look at the big picture.
    In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.About the role:The Longevity Actuary has a key role in helping the Longevity team in securing profitable new business by acting as a pricing and process expert. They will help ensure our approach to pricing longevity risk is market appropriate, and that our product offerings and processes are optimised.The Longevity Actuary will support the wider team across the range of actuarial work we complete, including checking new business quotes, proposition and basis work and further developing our global centre of competence role. They will also support with system development to ensure we continue to drive efficiencies across our work. This is a great opportunity for a technically strong and ambitious individual to join a highly successful, friendly and growing team in an exciting, challenging and rewarding environment.Key Responsibilities: Support new business tenders both for UK and in non-UK marketsDevelop an in-depth understanding of our pricing approach and models used, such that they can support the wider team with their technical and modelling capabilities Assess new data (internal and external) and modelling approaches such that the Longevity team’s processes remain competitive, market appropriate and efficient across both new business and in-force activities Support longevity basis development both for the UK and non-UK marketsSupport UK proposition developmentSupport and oversee regular in-force actuarial tasks, working with the Head of In-Force to manage our portfolioSupporting overall longevity strategySupport Head of Longevity with appropriate ad-hoc tasks as required Providing guidance / support / knowledge sharing to longevity team membersGeneral Duties and Tasks:The Longevity Actuary is primarily responsible for supporting the Senior Longevity Actuary and Head of Longevity in delivering agreed strategy, including the development of profitable new business.Deal origination & the pricing process (40%)Supporting the Senior Longevity Actuary in assessment of deal attractiveness Leading or supporting new business quotes as part of quote teamsSupporting other quote teams in terms of best practiceSupporting executions on the actuarial side – contractual aspects, model reviews, etcWorking alongside the Senior Longevity Actuary to further enhance our relationship with clients Review and challenge pricing assumptions in tenders and wider basis related discussions Proactively develop and train up others on the pricing process and modelling approaches usedBasis and proposition development (30%)Support the Senior Longevity Proposition and Basis Actuary, and International Longevity Actuary, in deriving international bases for specified marketsSupport enhancements to the UK basis, proposition and market offeringEnsure that Munich Re’s approach to pricing longevity business is appropriate, suggesting and embedding enhancements to basis processes as necessaryGeneral Longevity team (20%)Work in conjunction with colleagues to coordinate & facilitate various internal processesUse desktop and other research to track developments in the marketProactively develop talent through knowledge sharing on market developments and practicesPromote Longevity within the UK office and aid the Head of Longevity in the development of the UK’s Global Centre Of Competence role including working with international clients and colleaguesProvide guidance and support for inforce monitoring activity within the Longevity teamWork with the Head of In-Force on in force related projects as required to manage our existing portfolioWork with colleagues to manage material operational risk failures, data/accounting issues, etc. Support wider branch as required. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the roleLongevity system & process development (10%)Optimise current longevity pricing and basis systems and lead/support the development of new systemsSeek to improve efficiencies in current systems by increasing speed and automationRecommend and investigate new tools and modelling techniques to support basis development and pricing analysis Introduce R, or other programs/databases as necessary, to develop systems and processes that boost the team’s centre of competence role in non-UK marketsCompetencies:Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals. Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear. Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.Key Skills & Experience:EssentialRelevant experience of the bulk annuity market and longevity swap pricingStrong analytical and modelling skills, with the ability to work independently and apply judgementTechnically strong, with the ability to develop models in Excel, VBA, R, or other programming languagesAble to grasp new concepts and technical issues quickly, and communicate them effectively to othersA team player who will step up and take responsivity when requiredGood people development and training skillsWilling to challenge the status quoStrong written and oral communication skillsDesirableGood commercial awarenessGood understanding of DB de-risking offerings in the market. Longevity insurance/reinsurance experienceContacts with key longevity players in the marketGood negotiation skills and ability to work under pressureQualifications and Educational Requirements: Nearly or newly qualified actuaryDirectly relevant actuarial experience of the bulk annuity/longevity swap market, DB pensions market or longevity swap pricingThought Leaders:You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others. You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.You will treat your colleagues and sales and business partners fairly and with respect.Regulatory & Conduct Requirements:Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct RulesBenefitsYou 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 6months family leave for times when you need it the most. About usYou 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 learningYou 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 leadersWe communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearnYou 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 solutionsWe 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 encouragedDiversity, Equity & InclusionAt 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. About Munich Re Follow Us Read Less

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