How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Head of Capital
Head of Capital – Munich Re Specialty – Global Markets (MRS-GM)
At Munich Re Specialty – Global Markets (MRS-GM), our mission is to become the leading Primary Specialty Insurance provider, driving an effective and adaptable strategy, delivering superior products, and fostering a collaborative environment where employees thrive through presence, boldness, and curiosity.
About the Role
You will lead the Capital Team, managing operations, the Internal Model (IM), and its use and development. Reporting to MRSL and MRSG, you will:
- Maintain model code, documentation, and parameterisation
- Support IM validation processes
- Provide actuarial input to key business activities, including:
- Business planning
- Reinsurance strategy
- Risk & capital processes
You will serve as the primary point of contact for capital-related inquiries, fostering strong relationships with: ✔ The Chair of the Risk & Capital Committee (R&CC) ✔ Risk, Reserving, Underwriting, Reinsurance, Business Planning, and Finance teams
Responsibilities
Leadership & Stakeholder Engagement
- Manage and lead the Capital Team, including resource and work planning, staff training, and development
- Communicate effectively with stakeholders such as the Chair of R&CC, CEO, CRO, and Munich Re IRM
- Strengthen relationships with Underwriting, Reinsurance, Risk Management, Reserving, Pricing, and Finance teams
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Model Governance & Development
- Maintain, run, develop, and parameterise actuarial elements of the IM
- Produce targeted reporting for: SCR, ORSA, PRA, AoC, SBF, LCM, 1-in-30 AEPs and reinsurance cost allocation
- Liaise with Underwriting, Claims, Reinsurance, Pricing, and Reserving to explain IM outputs and secure agreement on model inputs
- Peer-review best-estimate reserves annually to ensure consistency with IM assumptions
Compliance & Governance
- Maintain model documentation, change logs, and outputs
- Attend key committees:
- R&CC meetings (5 business days’ notice for reporting)
- R&CC SG meetings (3 days’ notice)
- RISG meetings
- One of the CALM or LMAG sessions
- If required, take ownership of the ULM (Underwriting Loss Matching) for GSI entities, expanding its application
Requirements & Experience
Technical & Professional Expertise
✔ Deep Lloyd’s capital processes knowledge ✔ 3+ years of senior capital modelling experience ✔ Tyche model experience ✔ Ability to manage 3+ team members ✔ Proven ability to present to Board-level executives ✔ University degree or relevant professional qualification
Get help with your application
Your very own career expert that helps elevate your application to the next level.
Our Commitment to Diversity, Equity & Inclusion (DEI)
At Munich Re, diversity, equity, and inclusion (DEI) drive innovation and resilience, enabling us to act boldly and ethically. We aim to create an equitable workplace where varied backgrounds and perspectives are valued and empowered. We encourage all candidates to apply—your unique perspective is an asset.
Benefits (Your Future Heidelberg)
Work-Life Balance
🌍 25 days annual leave + bank holidays 🏠 Hybrid working model + IT home setup support 🚗 Salary sacrifice scheme for electric vehicles
Financial Wellbeing
💰 10% non-contributory pension 🎁 Annual bonus eligibility 🎒 Private medical + dental insurance
Health & Wellbeing
✔ Critical illness insurance + life assurance ✔ Permanent health insurance ✔ Wellbeing & development scheme + Employee Assistance Programme
Career Growth
📝 Study & continuing professional development support 📚 Health assessments (subject to eligibility)
If you’re bold and curious, apply today!
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills
Location