Director & Actuary (IL Pricing)

Director & Actuary, IL Pricing

Company: Munich Re Life US

Location: New York, United States

Position Overview:

This role plays a significant role in evaluating and pricing Individual Life (IL) reinsurance opportunities in our fast-growing individual life division. Specifically, you will be responsible for evaluating reinsurance opportunities, collaborating internally and externally to establish new partnerships, and helping manage a growing book of multi-line business.

This position requires substantial technical expertise and developing knowledge of individual life insurance.

Your Role:

Support the evaluation, structuring, and pricing of M&A and block reinsurance opportunities:

• Perform diligence on appraisal and other process documents
• Support in asset intensive deal structuring efforts
• Develop pricing assumptions to provide appropriate views into the performance of the subject business
• Use asset intensive deal models to assist in analyzing various opportunities
• Run AXIS pricing model projections, analyze and summarize results
• Perform peer reviews

Your Profile:

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• 8+ years actuarial employment in the life insurance/reinsurance industry
• FSA designation required
• Pricing and product development experience required
• Experience working with modeling software and interpreting results
• Moody’s Axis experience preferred

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.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world-class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

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.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical, and financial wellbeing. These include:

• 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

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

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.