Manager & Actuary, FinRe
Munich Re Careers•New York, NY
•$178,945 - $197,782•Onsite
About The Position
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.
Requirements
- Bachelor’s degree in actuarial science, mathematics, statistics or other related field
- FSA required
- 5+ years of actuarial experience in life insurance/reinsurance industry
- Financial modeling experience
- Solid understanding of life insurance products
- Strong understanding of financial reporting
- Ability to understand statutory and GAAP accounting
Nice To Haves
- Investment banking or capital markets experience a plus
Responsibilities
- 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. This will be a team effort but the individual is expected to compile various input for different people and use his/her own discretion in developing the work product
- 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
- 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
- Help develop junior team members to increase the productivity and quality of work and increase the overall team performance
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
- 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
- Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
- 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
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
