Health Actuary

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.

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.

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)

• FSA
• Minimum 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
• Valuation or Financial Reporting experience

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.

The base salary range anticipated for this position is $158,994 - $175,730, 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.