International Graduate Trainee Programme

Your trainee programme starts in one of our specialist reinsurance divisions or in a central division at Munich  Re. Over a period of 20 months, you will learn the practical basics of working in reinsurance and support experienced colleagues in innovative projects and their daily work. You will be an equal team member from the very beginning and support us at eye level.

Goal
Learning through experience and practice

Duration
approx. 20 months

Possible locations
Munich, Johannesburg, Milan, Princeton, Sydney, Singapore, Beijing, Hong Kong, Seoul or Tokyo  

Off-the-job training comes in various formats, from presentations to case studies, workshops in person or virtual and e-learnings. A high-impact learning format is Graduate Reinsurance International Development (GRID) Program, which is a global curriculum all our international trainees are attend. This is where you can grow your peer network, connect with trainee colleagues and develop your communication, negotiation and social skills (further).

Objective
to learn with your peers and from experts

Location
Munich / virtual

Local modules round off the programme´s core curriculum. For example, you will actively gain additional experience and background knowledge in other departments or learn in seminars. Depending on your chosen career path, we will support you in expanding your language skills and acquiring additional professional qualifications, for example as a financial analyst (CFA), executive master of insurance (EMI) or actuary.

Goal
to acquire the necessary skills and certificates for your career path

Duration
varies between locations and business unit

Location
at your home location  

Over a period of three months, you will work closely with your international colleagues at one of our business units abroad. You will explore local business practices, gain insights into other work cultures and gain a better understanding of our international reinsurance business. This unique experience prepares you for the cross-border cooperation that characterizes our work at Munich  Re.

Objective
to understand different perspectives and cultivate intercultural competence

Duration
12 weeks

Location
available options vary    

Our International Graduate Trainee Programme is designed to prepare you for the many challenges in the reinsurance business. It lays the foundation for your career in one of the most multifaceted sectors out there.

Requirements

• University degree with above-average grades
• Internship experience, ideally in insurance or the financial services sector
• Intercultural experience earned during a stay abroad of at least several months
• Excellent English language skills and, ideally, knowledge of another foreign language 
• Communication skills, analytical strength, empathy and willingness to learn

Selection process
After we have received your documents, we will invite you via email to complete an online test. Selected candidates will continue to the next step of the process. It consists of an interview, followed by an individual evaluation at our assessment centre. If your skills and personality are a good fit for us, we will discuss with you when you can start to work for us. In general, you can enter at any time.

Application
Please apply for one of the jobs in our online job market and answer the questions asked there as accurately and thoroughly as possible.  

We are seeking innovative and highly talented candidates for our Munich  Re International Graduate Trainee Programme, a scheme designed to attract recent college graduates and prepare them for future professional roles in the underwriting and actuarial fields.

If you are a strategic thinker, energetic, flexible and committed to excellence, you'll discover many exciting opportunities within the International Graduate Trainee Programme at Munich  Reinsurance America, Inc.

Requirements

• Bachelor’s or Master’s degree in actuarial science, risk management, mathematics, statistics, economics, finance, accounting or business administration
• GPA of 3.25 or higher 
• Demonstrated leadership abilities in college or community activities
• Prior internships (at least one internship with a meaningful degree of responsibility)
• Superior communication skills (oral and written)
• Good interpersonal skills 
• Willingness to work internationally
• Preferred but not required:
• Knowledge of other languages (basic knowledge of one foreign language or express willingness to learn a second language)
• International experience (international internship, study abroad)
• Please be aware that we require applicants from overseas to hold a valid work permit for the US

Selection process
The selection process involves several interview sessions.

Application
Please apply for one of the jobs in our online job market and answer the questions asked there as accurately and thoroughly as possible.  

Munich Re’s UK businesses take on only a small number of exceptional graduates each year within different business entities and divisions including; Actuarial, Finance, Claims and Underwriting. To maintain our leading position, we are selective about both technical aptitude and wider leadership skills.

The successful candidates join our two-year International Graduate Programme. The programme will prepare you for the diverse challenges of reinsurance business, and lay the foundations for your continued development in one of the most varied and fascinating industries.

Requirements

• An above-average university degree (2:1 or higher)
• Practical work experience, ideally in the insurance/financial industry, i.e. internship, part-time position, shadowing, volunteering 
• Sense of responsibility and open mindedness proven by social activities and team work
• Global mindset, i.e. keen to obtain international experience and a broader perspective 
• Excellent English language skills and ideally another foreign language
• Skills such as; Excellent communication ability, strong numerical and analytical skills, empathy and willingness to learn and a proficient user of Microsoft Office software

Application process
The application process involves three stages; completion and submission of an application form online (within 4-7 days you will receive a link to complete our online ability test, once received you have 6 days to complete otherwise your application will not be accepted), a one-day assessment centre and a second-stage interview with the recruiting manager.

Disciplines recruited from include; actuarial or other numerical degrees, business studies, economics, law or accounting/finance related degrees.

What we offer you

• Competitive salary
• Competitive and supportive study policy
• Non-contributory pension
• Private healthcare 
• Travel insurance
• Discretionary bonus
• 25 days holiday
• Travel ticket subsidy/leisure scheme/employee discunts 
• Flexible benefits options

Simple steps for a successful application
The more pertinent your application is, the better your chances of success. Have you found a position on our website that matches your profile? Do the requirements correspond to your experience? Does the task reflect your professional expectations and goals? If so, then we look forward to receiving your application.

For positions in the UK, we prefer an online application so that your documents are examined and processed promptly. When completing the application form, ensure that every section is completed. Please make sure that you prepare each one of your application documents with due quality and care.

Your online application must include:  
Completed application form
Curriculum vitae
Covering letter (optional) 

Within 4-7 days of applying you will be sent a link to complete our online ability testing. You will have 6 days to complete this otherwise your application will not be accepted.

Assessment Centre
Our Graduate Assessment Centres run for a full day. The day will include a high-level introduction to Munich Re business from a senior representative and further info on our graduate programme before beginning the exercises. You can expect the following assessments throughout the day

• Aptitude tests, e.g. actuarial test, verbal reasoning, case study exercise, etc.
• Group exercise
• Individual interview with 5-minute pre-prepared presentation

There will also be opportunities to meet previous and current graduates and other representatives within the business.  

Requirements

• Strong analytical ability and a degree with above-average grades (Bachelor, Master, PhD) in mathematics, statistics, risk management, economics, law or another relevant field  
• Some initial work experience
• Strong communication skills in English and preferably in other languages as well
• A team-player style and cross-border competency 
• A global mindset and a desire to achieve in an international environment  

Selection process  
The selection process comprises several interview sessions.

Application
To apply at our Milan office, please browse our online job board for openings. For an unsolicited application, email your complete CV and a cover letter to Human Resources.   

Requirements

• BSc/BSc Honours (Actuarial Science)
• An excellent academic record
• Some initial work experience
• Strong communication skills in English and preferably in other languages as well 
• A team-player style and cross-border competency
• A global mindset and a desire to achieve in an international environment

Selection process
We hire several graduates each year. Based on their merits and performance during the first year, we choose individuals that have the opportunity to become part of the International Graduate Trainee Programme. 

Application
Please find our graduate trainee positions on our online job board.