[ Reporting into the 2nd VP & Actuary, this position supports the Group department in pricing new business and renewals to ensure compliance with all Munich global policies, corporate pricing requirements, and department profit goals. This includes maintenance and use of pricing models and tools for Group Life, LTD, Credit reinsurance business, and potentially other new products. In this role, you will assist with specific business cases, product development, and innovation projects to execute Group business strategy of growing the overall Group reinsurance market and assist with consultative actuarial service projects for clients. You will also provide analysis of Group business experience, financial reporting, and context from the industry to assist in setting and executing the Munich US Group business unit strategy.

Your Job

Group Reinsurance Pricing

• Provide pricing analysis and documentation for Group reinsurance quotes.
• Provide development, documentation and governance of pricing models, assumptions and rates.
• Verify pricing compliance with corporate profit goals and methods (VNB, ERC, IRR, RoRAC, profit margin, etc.)
• Provide product, financial, and risk management support
• Work proficiently with data files and database software.

Product Development and Research

• Assist in product development initiatives and research projects.

Your Profile

• Bachelors degree in Statistics, Finance, Economics, Risk Management, Mathematics, Actuarial Science
• 5-7 years of Actuarial experience in the insurance/reinsurance industry
• FSA or near-FSA
• Technical actuarial pricing and product development skills
• Product skills - knowledge of products and the ability to stay current on pertinent topics affecting the industry
• Proficiency in MS Office tools (Excel, Access, Word, etc.) and database tools
• Knowledge of statistical programming packages such at @Risk, Matlab, R, etc.

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

At Munich Re Life 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 aim 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. ]