Munich Re is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. We are globally active and operate in all lines of the insurance business.

Since our founding in 1880, we've been known for our unrivaled risk-related expertise and sound financial position. We offer customers financial protection when faced with exceptional levels of damage - from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. We possess outstanding innovative strength, which enables us to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber attacks, or pandemics.

We're also playing a key role in driving forward the digital transformation of the insurance industry, and in doing so have further expanded our ability to assess risks and the range of services that we offer. Our tailor-made solutions and close proximity to our customers make Munich Re one of the world's most sought-after risk partners for businesses, institutions, and private individuals.

Our corporate culture is defined by performance, mutual respect and trust. All this makes us an attractive employer providing global career development opportunities and prospects.
for Project / Infrastructure Finance and Asset-backed structures

The Global Credit Solutions (GCS) team is writing business mainly with global banks by insuring credit risks originated by the banks, where the GCS team assumes the role of a primary insurer. Your role as Risk Underwriter (RUW) is to support the GCS team with the risk analysis of Infrastructure and Asset-backed Financing (incl. Commercial Real Estate) as well as to take or prepare independent credit decisions in conjunction with the Client Relationship & Risk Manager (CRRM).

Your Job:
* Independently analyse complex structures of project / infrastructure and asset-backed financings - both in the context of single risk as well as portfolio transactions (the latter with focus on underwriting quality of the bank)
* Prepare internal credit applications, making informed recommendations and providing internal stakeholders and clients with reasoned explanations for decisions
* Determine the maximum risk appetite for large single transactions involving multiple cedents
* Monitoring and steering of existing (sub-)portfolios; identification of significant risks at an early stage and initiate appropriate risk measures
* Cooperate closely with a deal team and participate in client meetings on specific deals or due diligence purposes
* Assist with the examination and development of strategic growth initiatives and new business opportunities
* Support efforts to enhance existing tools, credit risk management systems and processes


Your Profile:
* Master degree, preferably in business or economics or with a scientific focus; additional qualifications such as CFA or equivalent are a strong advantage
* Several years' professional experience in the field of project / infrastructure finance and other asset-backed finance structure (e.g. commercial real estate) across various sectors and regions
* Expertise in the field of IT infrastructure, renewable energy and energy transition are an advantage
* Relevant product knowledge of cash-flow based financing structures and thorough understanding financial models
* In-depth knowledge of credit risk management in banks (incl. rating methodologies) and a keen interest in economic, political and regulatory topics (especially ESG)
* Excellent analytical skills combined with a pronounced risk awareness and sense of responsibility, independent and result-oriented working style, ability to justify decisions in a clear and comprehensible manner
* Sound conduct of MS-Office (especially Excel and Power BI) and interest for AI supported analysis
* Strong team player and confident demeanour, able to contribute in a dynamic and collaborative environment
* Very good written and verbal command of English; additional business-relevant languages are an advantage


Application Instructions
In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

About us
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
Yamina Djurisic
Talent Acquisition Partner