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AVP & Actuary, Chief Pricing Office

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 12688 Company Munich Re Life US Employment type Regular Area of expertise Actuarial & Risk Management
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The Chief Pricing Office (CPO) is an independent, enterprise-wide owner of pricing value creation, ensuring that every deal and every line of business delivers sustainable, risk-appropriate economic value. The CPO serves as the central hub for pricing frameworks, tools, assumptions, and governance across the organization.

The CPO mandate includes:

  • Establishing pricing guardrails, frameworks, and standard assumptions to support consistent and accurate pricing
  • Acting as a center of pricing expertise, providing guidance and challenge to business lines throughout the deal lifecycle
  • Providing first-line protection through deal review, oversight, and escalation where appropriate
  • Monitoring pricing performance, identifying emerging risks or underperformance, and driving continuous improvement

Role Overview (AVP):

As an AVP & Actuary within the Chief Pricing Office, you will serve as a senior leader and key owner of CPO standards—bringing independent actuarial judgment, governance leadership, and strategic influence across the most material and complex transactions. You will partner closely with pricing, valuation, finance, risk, and business stakeholders to review complex deals, set and reinforce enterprise pricing standards, and drive enhancements to frameworks, tools, and assumptions that support risk-appropriate value creation.

In this role, you will be expected to exercise strong actuarial judgment on complex deal structures, identify key sources of risk and value, and communicate clear recommendations—often under tight timelines. You will also help shape CPO governance and standard-setting, including escalation and approval pathways for high-impact pricing decisions.

Responsibilities:

Pricing Frameworks, Assumptions & Governance

  • Develop, maintain, and enforce enterprise pricing frameworks across business lines
  • Own and evolve standard pricing assumptions reflecting experience, market conditions, and emerging risks
  • Educate and support pricing teams on best practices and consistent application of pricing concepts
  • Embed new methodologies, underwriting techniques, and governance standards into pricing processes

Deal Review & Oversight

  • Review and challenge pricing for transactions meeting defined materiality, complexity, or risk thresholds
  • Engage early in the deal lifecycle to provide guidance on go / no-go decisions, structure, and assumptions
  • Opine on the appropriateness of pricing and escalate concerns in line with CPO governance
  • Partner with business lines to balance commercial objectives with disciplined risk-adjusted returns

Monitoring, Analytics & Feedback

  • Support development and use of KPIs and monitoring metrics to assess pricing performance
  • Analyze underperforming blocks or transactions and identify remediation actions
  • Identify trends and deviations in pricing results and drive updates to frameworks or assumptions

Collaboration & Leadership

Act as a trusted advisor to Pricing, Valuation, Finance, ERM, and senior business leadership on risk/return trade-offs and pricing governance

  • Lead cross-functional forums to drive alignment and adoption of CPO standards, while maintaining appropriate independence and challenge
  • Mentor and develop actuarial talent across the pricing community; elevate technical capability and best practices
  • Represent the CPO in governance discussions and influence decisions on high-impact transactions and methodology changes

Qualifications:

  • FSA designation required
  • 10+ years of actuarial experience with a strong focus on pricing and valuation
  • Strong understanding of core pricing concepts, profitability metrics, and risk trade-offs
  • Demonstrated knowledge and expertise in one or more of the following lines of business:

    • Retail Life and Annuity products
    • Pension Risk Transfer (PRT)
    • Financial Reinsurance
    • Group Life and Long-Term Disability (LTD)
    • Disability Income (DI) and/or Long-Term Care (LTC)

  • Strong analytical judgment with the ability to operate at both technical and strategic levels
  • Ability to clearly communicate complex concepts and influence stakeholders across functions
  • Prior experience operating within a pricing governance, review, or second-line oversight function
  • Exposure to complex or bespoke transaction structures and non-standard deal features
  • Experience partnering with ERM, Finance, Valuation, or senior underwriting leadership

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

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.

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 $262,000 to $289,000, 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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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