Senior Actuarial Associate, FinRe

Position Overview

Formed just over nine years ago, the Financial Reinsurance (FinRe) team has responsibility for marketing, developing, structuring, and executing financial reinsurance deals for our US Life 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.

As the FinRe senior actuarial associate, you’ll be exposed to all aspects of the FinRe business; providing you with valuable insight to not only our clients’ financing and strategic objectives – but a greater understanding of the industry as a whole. This role’s mission is to provide support to financial reinsurance transactions. Support includes, but is not limited to: pricing, execution, and post –close deal maintenance of financial reinsurance transactions.

Your Role:

• Organize, evaluate and analyze data provided for deals.  This will require working with more senior actuaries
• Assist with creation of deal models, proposals, and internal approval memos with supervision from more senior actuaries
• Participate in pricing and structuring discussions with client
• Participate in internal discussions for approvals on deals
• Manage post-close inquiries from client and/or internal stakeholders
• Monitor and analyze on-going information on transactions and provide period reports

Your Profile:  

• Bachelor’s degree in Mathematics, Actuarial Science, Economics, Risk Management, Finance, Accounting
• ASA or near FSA compeltion
• 3+ years of actuarial experience in life insurance industry, investment banking or capital markets. 
• Financial modeling experience;
• Solid understanding of life or annuity insurance products;
• Ability to understand statutory and GAAP accounting
• Strong MS Office skills;
• Strong interpersonal skills;
• Proficient programming skills;
• Strong written and oral communication skills;
• Ability to learn quickly and multi-task;
• AXIS modeling skills, preferred

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.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.  We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

For New York City based employees, the base salary range anticipated for this position is $ 144,009 to $ 168,010, 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.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• 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

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

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.