Location Munich, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 13609 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting

Munich Re is writing business mainly with global banks by insuring credit risks originated by the banks – either on single risk basis (Global Credit Solutions – GCS) or on basis of structured portfolio transactions (Structured Portfolio Solutions – SPS). Your role as Credit Analyst (Risk Underwriter) is support the teams with the risk analysis of complex transaction in the field of 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 financing structures of Commercial Real Estate transactions
• 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 as well as involvement in direct client contacts
• Take initiative with regard to 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
• At least 7 years’ professional experience in the analysis commercial real estate across various sub-sectors and regions; expertise in project and infrastructure finance as strong 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 language skills are an advantage

Application Instructions

Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.

About us

As the world's leading reinsurance company with more than 16,000 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

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.