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Munich Re is hiring a

Senior Actuarial Associate

Formed just over 6 years ago, the Financial Reinsurance (FinRe) team has responsibility for marketing, developing, structuring, and executing financial reinsurance deals for our US Life insurance clients. It's viewed as one of the greatest growth potential areas for the organization and is staffed with an experienced and diverse team, focused on developing innovative and creative solutions for our clients.

As the FinRe senior actuarial associate, you'll be exposed to all aspects of the FinRe business; providing you with valuable insight to not only our clients' financing and strategic objectives - but a greater understanding of the industry as a whole. This role's mission is to provide support to financial reinsurance transactions. Support includes, but is not limited to: pricing, execution, and post-close deal maintenance of financial reinsurance transactions.

Your Job:

  • Organize, evaluate and analyze data provided for deals. This will require working with more senior actuaries
  • Assist with creation of deal models, proposals, and internal approval memos with supervision from more senior actuaries
  • Participate in pricing and structuring discussions with client
  • Participate in internal discussions for approvals on deals
  • Manage post-close inquiries from client and/or internal stakeholders
  • Monitor and analyze on-going information on transactions and provide period reports

Your Profile:

  • Bachelor's degree in actuarial science, mathematics, statistics, or related field.
  • ASA required with progression towards FSA
  • 3+ years life insurance or reinsurance experience
  • Financial modeling experience
  • Solid understanding of life or annuity insurance products
  • Ability to understand statutory and GAAP accounting

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 $154,347 - $170,594, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

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.

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