Manager & Actuary, Individual Life Valuation

Munich Re Group•New York, NY

4d•$178,945 - $197,782

About The Position

Munich Re Life US aspires to be the premier reinsurance business partner that delivers exceptional value to our clients and stakeholders. As the US-based life subsidiary of one of the world's largest reinsurance companies, we are the industry leader in delivering world-class service and solutions to many of the most recognized insurance companies around the globe. The Individual Life (“IL”) Valuation Team The Valuation Team reports to the Head of Valuation of Munich Re Life US and produces reserving and other financial metrics across multiple accounting regimes. Key facts about the team are as follows: Our Mission: To produce timely, forward looking, accurate & actionable financial information that stakeholders with unique interests use to make decisions. Our Stakeholders: US Senior Management, auditors, regulators, and Munich Re's Central Life Reserving Core competencies: Operational Efficiency - We strive to execute our mission with ease Subject Matter Experts - We know the business and are able to explain key Income Statement and Balance Sheet drivers Strong Stakeholder Relationships - We partner with the business units, beyond the quarterly closes The Role As the Manager & Actuary of IL Valuation, your primary responsibilities are to deliver Solvency II and IFRS 17 financial reporting for Munich Re's largest line of business. The position may manage a team of 1-2 direct reports with opportunity for additional intern support.

Requirements

FSA with 5+ years of relevant experience.
Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
Life insurance product knowledge including product design, features, and risks
Valuation and/or financial reporting experience

Nice To Haves

Moody's Analytics AXIS modeling experience is a plus
Knowledge of reinsurance structures and deals is a plus
Knowledge of international frameworks such as Solvency II and IFRS 17 is a plus

Responsibilities

Support the maintenance and execution of the modelling reporting system in Moody's Analytics AXIS
Develop tools and analysis to understand drivers of financial impacts from Inforce data across reporting cycles
Motivated self-starter willing to dig into complex modelling details
Preparation of periodic valuation and financial reporting results across IFRS and SII reporting frameworks, across various onshore and offshore entities
Preparation of financial projections for strategic and financial planning processes
Business unit support regarding risk evaluation and management, Inforce management actions, and deal review
Set and review of valuation assumptions based on experience studies
Monitor experience versus assumptions
Assistance in execution of strategic initiatives
Provide deep analysis of results, and be able to raise key issues independently
Ability to deliver highly accurate results via carefully documented work with verifiable controls
Perform analysis of results to highlight key fundamentals of certain treaties driving profitability of our business
Ability to communicate results to both actuaries and non-actuaries
Ability to build relationships and collaborate across a broad range of teams
Assistance to internal and external reviewers (e.g. auditors)