Job description


  • Entry level
  • No Education
  • Salary to negotiate
  • London


Actuarial Assistant (m/f/d) *

UKLB (Life & Health), Financial Reporting


London , United Kingdom

We are seeking high calibre individuals with relevant experience to sit within the UK Financial Reporting team. Applicants should have a mathematical background and be looking to train towards actuarial qualification. The role is flexible to the level of experience of the successful candidate. The team focuses on meeting the financial reporting requirements of the branch. The job holder is responsible for assisting in the delivery of Solvency II and IFRS reporting, with a greater focus on IFRS initially. We would welcome applications from a diverse background and would be open to a conversation around flexible working.

Your job

Assist with the production of financial projections, liability valuations, IFRS and solvency II calculations.

Assist in the testing and implementation of valuation systems and provide guidance and help to team members.

Draft written reports and documentation for results and methods employed.

Develop technical knowledge and expertise relevant to insurance reporting and accounting.

Develop the ability to represent the team and communicate results to senior management and other departments.

Contribute ideas and support to the positive development of Financial Reporting.

Work with other departments in the branch, to ensure that the 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 and with others in the branch.

Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role.

Your profile

Relevant experience within the UK life insurance market

Computer literacy, particularly in Microsoft Excel & Word skills. Basic VBA or similar programming

Experience of life insurance valuation and financial reporting.

Experience of life reinsurance

Basic knowledge of IFRS, USGAAP, tax and other relevant regulations

Proficient use of MoSes or other cash flow models

In depth understanding of actuarial practices

Strong numerical and reasoning skills.

Good verbal and written communication skills, necessary for presentation and discussion of results and report-writing.

Ability to work independently and as part of a team.

Manages own workload effectively, including proposing and meeting realistic work deadlines.

Takes initiative and has a creative and proactive approach to solving problems and learning.

About us

The salary for this role is competitive. We benchmark all our salaries in accordance with the latest external market data to ensure employees are paid fairly. A gender pay gap audit is conducted and salaries are reviewed on an annual basis and we will appropriately adjust the salary to match your skills and experience, whilst ensuring we seek to pay the industry median. We offer a generous, comprehensive and flexible benefits package to suit your lifestyle in addition to the basic salary. This includes a highly competitive non-contributory pension, exceptional life cover, 25 days’ holiday (with the ability to buy more), Aviva private medical coverage, and a contribution towards gym membership. Creating an inclusive environment is an essential part of the Munich Re culture. We’re committed to our Diversity & Inclusion Policy and we expect all of our employees to adhere to the policy. We seek to provide a fair and supportive work environment for all our employees. We aim to employ people who reflect the varied nature of society and we aim to nurture a culture where diverse perspectives can help drive our company forward.

If you have any queries, the contacts for the role are:

Lisa Wong - HRBP

Edward Hackett - Talent Acquisition Partner

Make it happen.

Apply now! Apply for this Job!

Hives where you can find this job offer