Director & Actuary, Chief Pricing Office

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 (Director)

As a Director & Actuary within the Chief Pricing Office, you will serve as a senior technical contributor and people leader supporting pricing governance and independent actuarial challenge across material and complex transactions. You will lead analyses and reviews, partner with business and functional stakeholders, and help implement CPO frameworks, guardrails, and assumption standards to support consistent risk-adjusted value creation.

The Director role is expected to drive cross-business alignment through effective partnership, lead resolution of complex pricing topics within established governance, and escalate key issues and recommendations to AVP/CPO leadership and decision forums as needed.

Responsibilities:

Pricing Strategy, Frameworks, Assumptions & Governance

• Lead the development, maintenance, and rollout of pricing frameworks, guardrails, and governance standards across business lines

• Partner with AVP/CPO leadership to recommend updates to standard pricing assumptions and methodologies, incorporating experience studies, market dynamics, model limitations, and emerging risks
• Drive consistency in profitability metrics and risk-adjusted performance measurement through guidance, documentation, and training
• Lead cross-functional working groups to implement agreed enhancements (e.g., model improvements, uncertainty analysis, or governance updates)

Independent Deal Review, Challenge & Escalation

• Lead independent review and challenge for complex transactions and non-standard features; coordinate with AVP/CPO leadership on the highest-impact deals

• Engage early with business and pricing leadership to shape deal structure, identify key value drivers, and assess go / no-go considerations
• Develop clear recommendations and present findings to governance stakeholders; escalate issues in line with CPO governance and risk appetite
• Ensure appropriate controls around model use, assumption governance, sensitivity testing, and limitations—especially in accelerated timelines

Portfolio Monitoring, Performance Insights & Continuous Improvement

• Oversee development and interpretation of enterprise pricing KPIs and monitoring, identifying drivers of underperformance and emerging risk signals

• Lead deep dives on underperforming blocks or transactions and sponsor remediation actions (framework changes, assumption updates, governance enhancements)
• Translate insights into actionable changes that improve forward-looking pricing discipline and portfolio value creation

Enterprise Leadership & Stakeholder Influence

• Partner with Pricing, Valuation, Finance, ERM, and business stakeholders to implement CPO standards and support governance outcomes

• Represent the CPO in cross-functional committees and working sessions; drive alignment and surface issues for escalation where appropriate
• Mentor and develop actuarial talent; contribute to capability building across the pricing community (tools, training, best practices)
• Build strong partnerships to drive adoption of standards while maintaining appropriate independence and effective challenge

Qualifications:

• FSA designation required

• Typically 8+ years of actuarial experience with deep expertise in pricing (and strong understanding of valuation/finance impacts)
• Demonstrated ability to lead through influence across functions, including senior stakeholder engagement and governance decision-making
• Strong understanding of core pricing concepts, profitability metrics, and risk trade-offs; comfort making decisions with incomplete information
• 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)

• Prior experience operating within a pricing governance, review, or second-line oversight function (or serving as a primary pricing authority across a portfolio)

• Demonstrated leadership in setting or approving pricing methodology, assumption standards, and controls
• 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 $185,000 to $258,000, 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.