Actuarial Associate, US Stat Reporting & ALM

The STAT Reporting and ALM team aims to continually provide timely and accurate results, projections and analysis with a clear story regarding variances and changes so that senior management is well informed to manage business. We always strive to improve tools and processes and to become nimble for future business changes, while working closely as team to grow and learn more every day.

The Actuarial Associate supports the preparation and analysis of U.S. statutory reserves, including cash flow testing, capital and ALM deliverables, as well as the filing of statutory reports to ensure compliance with actuarial standards of practice, model regulations and other requirements from internal stakeholders.

Key Responsibilities

• Support the quarterly and annual statutory close process with calculation, review and validation of statutory reserves, forecasts and related exhibits.
• Assist in explaining quarteroverquarter movements in reserves and cash flows and producing a source of earnings analysis for presentation to senior management.

• Assist in monitoring changes in U.S. statutory regulations, NAIC guidance, and actuarial guidelines, and support implementation efforts.
• Contribute to capitalrelated analyses used in management reporting, planning, and regulatory discussions.

• Support ALM analysis, including cash flow projections, duration metrics, and reinvestment assumptions.

• Support responses to auditor and regulatory inquiries related to statutory valuation and modeling.

• Collaborate with cross-functional teams, including Finance, to ensure accurate and timely reporting of statutory results.
• Recommend process improvements and implement strategies to achieve efficiencies on the quarterly close process.

Requirements

• Progress towards ASA required
• 2+ years of experience in life insurance/reinsurance industry, preferably with exposure to US Statutory valuation and reporting experience
• Life insurance product knowledge including product design, features, and risks is preferred
• Bachelor's degree in mathematics, actuarial science, or related field
• Moody's GGY AXIS and SQL experience is preferred

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long-Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 6% employer match
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

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 $109,000 - $146,000, 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.