Manager & Actuary (IL Pricing)

The Manager & Actuary will support the AVP, IL Pricing and the VP, IL Pricing. Your primary responsibilities are to own IL Management Reporting, manage unique deals, and assist with Deal quoting. In addition, the actuary will have input into Reporting and Governance topics, but this will not be a focus of the role. You will deal directly with local leadership as well as those within our global footprint.

Your Job:

• IL Management Reporting
  • Develop an understanding of pricing methods
  • Own the AXIS environment used to value new business
  • Maintain a suite of AXIS, SQL, and Python based tools
  • Ensure consistency with methodology used by deal teams
  • Become an expert in our book of business
  • Oversee model runs and report generation
• Governance - Monitoring
  • Stay ahead of pricing issues and connect with the market by tracking deal flows
  • Assist with monitoring our business and develop new lenses into performance
  • Build on existing infrastructure to respond to and anticipate senior management queries
• Deal Management
  • Assist with the management of complex and unique deals
  • Evaluate and respond to client actions
• Deals
  • Participate in standard and large quotes
• Talent Management
  • Manage students
  • Run workshops and spread knowledge throughout teams

Your Profile:

• Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
• Strong GGY AXIS modeling capability
• Strong grasp of SQL
• Power BI a plus
• FSA with 3-7 years of experience
• At least 2 years in a product development or a valuation focused role
• Life insurance product knowledge including product design, features, and risks
• Exposure to reinsurance structures
• Familiarity with Experience studies

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

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.

For New York City based employees, the base salary range anticipated for this position is $172,811 - $191,002, 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.

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