Munich Re
Manager & Actuary, Individual Life Pricing
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Manager & Actuary, Individual Life Pricing
role at
Munich Re .
In this role you will evaluate and price Individual Life (IL) reinsurance opportunities, assisting lead pricing actuaries by setting and peer reviewing assumptions. The position requires substantial technical expertise and growing knowledge of individual life insurance.
Your Job New Business Modeling & Assumption Setting
Review information provided by clients.
Build pricing models based upon assumptions provided by the lead pricing actuaries or by setting those assumptions.
Run pricing model projections, analyze and summarize results.
Document and organize pricing models and files.
Perform peer reviews.
Modelling Process Improvements & Cross-Training
Model process improvements through continual refinement of workbooks and templates used in the support of new business modeling.
Support ongoing training of analysts by leading Best Practice meetings.
Special Projects
Lead modeling and analysis in more technical and complicated projects, e.g., Principal Based Reserves and Large Claims Analysis.
Handle other ad hoc requests.
Your Profile
Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, or Accounting.
5+ years actuarial employment in the life insurance/reinsurance industry.
FSA designation required.
Pricing and product development experience required.
Experience working with a modeling software and interpreting results.
Moody’s Axis experience preferred.
Our Benefits
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
Seniority Level Mid-Senior level
Employment Type Full-time
Job Function Finance
Industries Insurance
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.
At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities 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 are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Salary For New York City based employees, the base salary range anticipated for this position is $178,945 - $197,782, plus an annual company bonus based on a percentage of eligible pay. The salary estimate represents the typical salary range for candidates hired in this position.
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Manager & Actuary, Individual Life Pricing
role at
Munich Re .
In this role you will evaluate and price Individual Life (IL) reinsurance opportunities, assisting lead pricing actuaries by setting and peer reviewing assumptions. The position requires substantial technical expertise and growing knowledge of individual life insurance.
Your Job New Business Modeling & Assumption Setting
Review information provided by clients.
Build pricing models based upon assumptions provided by the lead pricing actuaries or by setting those assumptions.
Run pricing model projections, analyze and summarize results.
Document and organize pricing models and files.
Perform peer reviews.
Modelling Process Improvements & Cross-Training
Model process improvements through continual refinement of workbooks and templates used in the support of new business modeling.
Support ongoing training of analysts by leading Best Practice meetings.
Special Projects
Lead modeling and analysis in more technical and complicated projects, e.g., Principal Based Reserves and Large Claims Analysis.
Handle other ad hoc requests.
Your Profile
Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, or Accounting.
5+ years actuarial employment in the life insurance/reinsurance industry.
FSA designation required.
Pricing and product development experience required.
Experience working with a modeling software and interpreting results.
Moody’s Axis experience preferred.
Our Benefits
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
Seniority Level Mid-Senior level
Employment Type Full-time
Job Function Finance
Industries Insurance
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.
At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities 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 are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Salary For New York City based employees, the base salary range anticipated for this position is $178,945 - $197,782, plus an annual company bonus based on a percentage of eligible pay. The salary estimate represents the typical salary range for candidates hired in this position.
#J-18808-Ljbffr