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    1. Home
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    4. UK Life (Re)Insurance Actuarial Graduate Trainee 2023
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    From financial reporting to pricing risk, data analysis to digital innovation, Actuaries will have a say.

    If you think it could be you? Apply now and secure your future by joining a market leader. Munich Re is a leading reinsurance company with 40,000 employees providing Life and Health solutions. Here, we are dedicated to supporting and developing your career through our embracing Culture. We seek to offer employees the opportunity to grow in an exciting, results-oriented and lively environment. We believe that your dedication to apply your outstanding knowledge crafts the future; the future of our clients, of Munich Re and of course your own.

    What you will be doing

    You will be allocated to one of our actuarial departments. The role will give you exposure to different units within Munich Re UK Life Branch and an opportunity to learn what we do across the life reinsurance industry. Some of the things you might do as a trainee include:

    • Analysis of data, including mortality rates across different populations (UK, international, or specific books of business), for use in pricing life reinsurance products and updating the branch view of changing trends
    • Carrying out quotations to win new business, followed by working on the execution of deals won across different product lines
    • Assisting with the production of financial projections and liability valuations for internal profit and capital reporting
    • Drafting written reports, documentation and presentations for use both internally within the branch and with head office in Munich
    • Contributing to the teams’ ongoing aim to improve processes to ensure we are the most efficient and competitive we can be
    • Developing positive relationships with our business developers and constructing a meaningful branch-wide network of contacts
    • Playing a key role in projects involving the wider Group, supporting the UK executive committee

    Additionally, after your initial placement, we would support further experience in alternative teams after 12-18 months.

    What we are looking for

    We are looking for new or recent university graduates to join our UK & Ireland Life business in September 2023. We seek smart, curious and passionate candidates who are keen to learn about the reinsurance industry and are excited by the prospect of completing the actuarial examinations.

    Your profile

    • Strong numerical and analytical skills with the ability to apply judgement
    • Ambitious and self-motivated, with a desire to learn
    • A proficient communicator when engaged with a broad range of audiences
    • Outstanding teammate who enjoys working in an open, collaborative structure
    • Good organisational skills to meet targets and manage leader expectations

    Qualifications/requirements

    • Minimum 2:1 degree (achieved or predicted) in Mathematics, Finance, Economics, Statistics or other numerate subject area preferred
    • A level grades (or equivalent) with at least one numerate subject

    Benefits

    Financial benefits

    • We have many attractive benefits to offer you including a competitive salary, 10% non-contributory pension, Insurance coverage and flexible benefits (cycle to work scheme, employee discount schemes, cashback. leisure scheme)
    • Annual leave entitlements - 25 days holiday as standard (increases to 30 days with length of service)
    • Lunches/breakfast twice a week, Barista available throughout the day (every day)

    Active support

    • Hybrid working environment from home and at our fantastic office in the City of London
    • Professional development and support: Mentors, Coaches, Mental Health First Aiders, personal development courses
    • We offer training, a competitive actuarial study package and extensive support through your examinations

    Before you apply

    We do not require a covering letter for this role. You will only be assessed on the content of your CV. Please ensure your CV contains all information you consider relevant, including extra-curricular activities and wider personal skills, such as additional languages. Please ensure the filename of your CV contains your full name.

    Munich Re is an equal opportunities employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees.