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Munich Re is hiring a

Manager & Actuary (Financial Reinsurance)

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 and annuity 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.

This role's responsibilities are to provide support to financial reinsurance transactions. Support includes, but is not limited to: marketing, developing, structuring, executing and post-close deal maintenance of financial reinsurance transactions.

Your Job:

  • Assist with creation of marketing materials, proposals, and internal approval memos. This will be a team effort but the individual is expected to compile various input for different people and use his/her own discretion in developing the work product
  • Develop pro-forma financial statement models specific to deals. This will require someone that can model the financial impact of a proposed structure with little supervision
  • Organize, evaluate and analyze data provided for deals. This will require working with more senior actuaries
  • Review of legal documents under the guidance of external and internal counsel. Goal is to ensure legal documents are consistent with deal model
  • Manage post-close inquiries from client and/or internal
  • 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
  • FSA required
  • 5+ years actuarial experience in life insurance or reinsurance
  • Financial modeling experience
  • Solid understanding of life insurance products
  • Strong understanding of financial reporting
  • Ability to understand statutory and GAAP accounting
  • Strong MS Office skills
  • Proficient programming skills

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 $188,100 - $207,900, 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.

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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