Title:  Manager & Actuary, Solvency II Reporting

The Solvency II (SII) team produces technical provisions and other financial metrics under the SII accounting regime. Our mission is to produce forward-looking, accurate and relevant financial information that stakeholders with unique interests use to make decisions.  

You will report to the SII Reporting Team Lead. Your primary responsibility is to support the reporting of SII valuation results and key performance indicators across all lines of business for Munich Re Life US. 

Valuation and Financial Reporting: 

• Calculate SII technical provisions, VNB, OVAC and other relevant key metrics. 

• Perform SII attribution analysis (e.g., experience variances, assumption changes, etc.)  

• Oversee SII reporting process, and prepare results for local management and Munich Re Group audience 

• Ensure quality and on-time completion of SII reporting deliverables 

Development: 

• Evaluate the impact of valuation assumptions updates and model changes  

• Identify and implement enhancements to our SII systems, controls and processes 

• Collaborate in cross functional teams to support management needs, inforce management actions, deal review and ad-hoc requests from multiple stakeholders 

Results Analysis: 

• Present results to stakeholders focusing on business implications  

• Perform analysis to evaluate profitability of our business 

Reporting & Communication: 

• Effective communication of results to stakeholders with varying levels of knowledge of SII 

• Contribute to the development of junior staff through training and knowledge transfer 

• Build and maintain relationships across teams in the US organization and abroad 

• Support requests from home office and external reviewers (e.g., auditors) 

Your Profile:

• FSA 

• Minimum 5 years of experience 

• Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field 

• Effective communication skills, both oral and written 

• Life insurance product knowledge including product design, features, and risks 

• Valuation or Financial Reporting experience 

• Knowledge about SII and SQL is preferred 

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 

At Munich Re Life 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 aim 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.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.