The Valuation Team reports to the Chief Actuary of Munich and produces reserving and other financial metrics across multiple accounting regimes. Our mission is to produce forward-looking, accurate and relevant financial information that stakeholders with unique interests use to make decisions. Valuation produces meaningful financial results which promote expertise throughout the entire organization.

Your job:

You will be a member of the Living Benefits & Group (LB & G) Valuation team, which handles Long Term Care (LTC), Individual Disability (IDI), Group Long Term Disability (GLTD) and Group Life (GL) reporting. Your primary responsibility is to oversee all valuation aspects of Munich's LTC line of business, including support of new business activities on LTC products. You will have opportunities to lead ad-hoc projects from other line of business within the valuation team. You will be managing actuarial students and the relationship with external consultants supporting the team.

Modeling:

• Lead the maintenance and execution of the modeling reporting systems
• Review the tools and analysis to understand drivers of financial impacts from inforce data across reporting cycles
• Manage the team through complex business problems and modeling details

Valuation and Financial Reporting:

• Review quarterly valuation and financial reporting results across IFRS, SII and local Stat reporting frameworks, across multiple onshore and offshore entities
• Oversee the preparation of financial projections for strategic and financial planning processes
• Lead the incorporation of new deal activity into the valuation and financial reporting process

Development:

• Set and review valuation assumptions
• Implement strategic plans
• Engage with other departments (e.g. Pricing, ERM, Finance, Data, Biometric) to support risk evaluation and management needs, inforce management actions, deal review and new deal onboarding

Analysis:

• Provide deep analysis of results, and be able to raise important issues
• Review main controls
• Perform analysis of results to evaluate profitability of our business

Reporting & Communication:

• Communicate results to both actuaries and non-actuaries, and work collaboratively across an organization
• Build relationships across a broad range of teams across the US organization and beyond
• Independently assist external reviewers (e.g., auditors)
• Effectively manage internal and/or external resources (e.g. consultants)

Your Profile:

• FSA or Career ASA
• Bachelor's degree
• Valuation or Financial Reporting experience
• Living benefits product knowledge., LTC knowledge preferred
• Modeling experience (e.g. Moody's AXIS) preferred

Our Benefits

• Comprehensive Medical Plans
• PTO and Family Leave
• Retirement Savings Plans
• Dental and Vision Plans
• Life and Disability insurance
• Employee Assistance Program
• Adoption Assistance
• Wellness Programs - Calm, WW, SoFI, Virgin Pulse
• Commuter Benefits
• FSA and HSA Plans
• Hospital Indemnity, Critical Illness and Accident Plans

For New York City based employees, the base salary range anticipated for this position is $176,532 to $246,585, 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.

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.

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