Manager, Actuary (Life Insurance)

The Manager & Actuary provides support to financial reinsurance transactions. Support includes, but is not limited to: marketing, developing, structuring, executing and post -close deal maintenance of financial reinsurance transactions.

Organize, evaluate and analyze data provided for deals. This will require working with more senior actuaries
Develop and run deal models and pro-forma financial statement models specific to deals. This will require someone that can model the financial impact of a proposed structure with little supervision
Assist with creation of marketing materials, proposals, and internal approval memos. Review of legal documents under the guidance of external and internal counsel. Goal is to ensure legal documents are consistent with deal model
Participate in pricing and structuring discussions with client
Manage post-close inquiries from client and/or internal stakeholders
Help develop junior team members to increase the productivity and quality of work and increase the overall team performance

Bachelor’s degree in actuarial science, mathematics, statistics or other related field
5+ years of actuarial experience in life insurance/reinsurance industry
Investment banking or capital markets experience a plus
Financial modeling experience;
Solid understanding of life insurance products;
Strong understanding of financial reporting;
Ability to understand statutory and GAAP accounting

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).

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.
Tuition assistance and educational achievement bonuses.
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 recruit and develop talent with a focus on providing our customers the most innovative products and services. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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. 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.