AVP & Actuary, IL Reinsurance & Pricing

AVP & Actuary Individual Life Reinsurance and Pricing

We are seeking a strategic and analytical AVP to support the Individual Life Reinsurance team in driving new business pricing initiatives. This role will report to the Head of Individual Life Reinsurance – New Business and work closely with other senior actuaries to ensure the development, implementation, and optimization of pricing strategies for new business. The ideal candidate will have a strong actuarial background, excellent leadership skills, and a passion for innovation in the life reinsurance sector.

Your Job

• Strategic Leadership: Collaborate with the Head of IL New Business Pricing and senior leadership to develop, design and execute strategic plans and initiatives
• Business Intelligence: Ensure that the business collects, analyzes, and synthesizes data to support informed decision-making, identifies trends and insights to drive business strategies and improve performance
• Operational Management: Oversee project management and cross-functional initiatives across MARC departments, facilitating communication and collaboration within and outside of IL Pricing
• Performance Monitoring: Track key metrics related to pricing initiatives, providing insights and recommendations for continuous improvement
• Talent development: Serve as a role model for more junior actuaries, participate in recruitment, and people development.
• Creative Solutioning: Proactively follow market, product, or regulatory trends in life re/insurance, anticipate future client needs, and develop solutions that will differentiate Munich Re US Life in the market

Your Profile

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• 10+ years Actuarial employment in the life insurance/reinsurance industry
• FSA designation

• Excellent communication and presentation skills
• Proven track record of collaboration and leadership in organizations
• Ability to develop and/or implement business solutions based on extensive product and/or market knowledge
• Pricing and product development experience preferred
• Reinsurance experience preferred
• Experience working in fast-paced, high-performance environments

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

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 strive 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.

For New York City based employees, the base salary range anticipated for this position is $261,596 to $289,132, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role.

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