Manager & Actuary, Individual Life Pricing

This Manager & Actuary plays a significant role in evaluating and pricing Individual Life (IL) reinsurance opportunities. Specifically, this position assists the lead pricing actuaries by setting and peer reviewing assumptions used to price the various opportunities. This position requires substantial technical expertise and developing knowledge of  individual life insurance.

Your Job

New Business Modeling & Assumption Setting – Support the evaluation of IL reinsurance opportunities, i.e., opportunities intended to generate new business and opportunities to improve existing business.  The main responsibilities include:

• Review information provided by clients
• Build pricing models based upon assumptions provided by the lead pricing actuaries or by setting those assumptions.
• Run pricing model projections, analyze and summarize results.

• Documentation and organization of pricing models and files
• Perform Peer Reviews

Modelling Process Improvements & Cross-Training

• Model process improvements thru the continual refinement of workbooks and templates used in the support of new business modeling
• Support the on-going training of analysts by leading the Best Practice meetings

Special Projects

• Lead the modeling and analysis in more technical and complicated projects, ex. Principal Based Reserves and Large Claims Analysis
• Other ad hoc requests

Your Profile

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• 5+ years actuarial employment in the life insurance/reinsurance industry
• FSA designation required
• Pricing and product development experience required
• Experience working with a modeling software and interpreting results
• Moody’s Axis experience preferred

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 $178,945 - $197,782, 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.