Job Description

Manager & Actuary, Inforce and M&A Solutions

The Manager & Actuary provides support to Inforce and M&A reinsurance transactions. Support includes, but is not limited to: pricing, modeling, assumption setting, structuring, and performing due diligence.

Responsibilities

• Perform diligence on appraisal and other M&A process documents
• Support deal structuring to provide bespoke solutions for capital and risk optimization
• Run deal models to assess various transaction opportunities in the block reinsurance space
• Develop pricing assumptions to provide appropriate views into the performance of the subject business
• Build AXIS models that produce various product cash flows (e.g. UL, WL, Term)
• Run AXIS pricing model projections, analyze and summarize results
• Bring an entrepreneurial mindset: challenge processes, accelerate timelines, and push for continuous innovation
• Present deals to Senior Management and secure approval

Qualifications

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• FSA required
• 5+ years of actuarial experience in the life re/insurance industry, preferably with exposure to pricing or structuring
• Solid understanding of life insurance products
• Strong analytical skills and attention to detail
• Comfort working with actuarial models, data, and profitability metrics
• Ability to learn complex products and deal structures quickly

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long-Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 6% employer match
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

For New York City based employees, the base salary range anticipated for this position is $183,000 to $203,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.