[ Manager & Actuary, Living Benefits Production

Location Atlanta , United States

The Production 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. Production produces meaningful financial results which promote expertise throughout the entire organization.

Your job You will report to the Living Benefits (LB) Production Team Lead. Your primary responsibility is to oversee all valuation aspects of Munich's Long Term Care (LTC) line of business. You will have opportunities to lead ad-hoc projects from other line of business within the production team. Modeling:

• Lead the maintenance and execution of the modeling reporting systems
• Oversee the development of 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:

• Lead the preparation of 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

Development:

• Assess valuation methodologies under different frameworks
• Set and review valuation assumptions
• Implement strategic plans
• Engage with the department to support risk evaluation and management needs, inforce management actions, and deal review

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)

Your profile

• FSA
• 5+ years of experience
• Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
• Life insurance product knowledge including product design, features, and risks. Living benefits experience (disability and LTC) strongly preferred
• Valuation or Financial Reporting experience
• Modeling experience (e.g. Moody's AXIS) strongly preferred

About us

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 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. ]