Director & Actuary, Long Term Care (LTC) Valuation

About Corporate Actuarial – Valuation

Corporate Actuarial produces reserving and financial metrics across IFRS 17, US Stat/Health, and Solvency II. The team delivers accurate, forward‑looking financial information that supports senior management, Finance, ERM, Pricing, auditors, and regulators. Results from valuation drive thought leadership and informed decision‑making across the organization.

The Role

You will be a member of the Living Benefits & Group (LB & G) Valuation team, which handles Long Term Care (LTC), Individual Disability (IDI), Group Long Term Disability (GLTD) and Group Life (GL) reporting.

The Director & Actuary – LTC Valuation has end-to-end ownership of LTC valuation results and provides strategic leadership across IFRS 17, US Statutory (Health), and Solvency II. You will be managing actuarial students and the relationship with external consultants supporting the team. This role ensures valuation results for LTC supports senior management decision-making and informs external reporting.

Responsibilities

Valuation and Financial reporting

• Own LTC valuation results and deliverables across all reporting frameworks.
• Oversee external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Own the LTC‑specific quarterly and annual closing process ensuring a robust control and evidence documentation process is in place.

LTC Assumptions & Insight.

• Support assumption development, validation, documentation, and audit/regulatory engagement.
• Oversee LTC financial projections, stress testing, and scenario analysis.

Modeling & Process Governance

• Set long-term modeling and process improvement goals alongside the Head of Living Benefits.
• Strengthen and ensure adherence to model controls: input validation, automated checks, and reproducible workflows.

Planning, Forecasting & Strategic Support

• Prepare LTC projections for reforecasts, annual plan, ORSA‑aligned scenarios, stress testing, and capital analysis.
• Key valuation contact with Pricing and other Corporate Actuarial colleagues on onboarding new LTC deals into valuation.

Stakeholder Partnership

• Partner with senior stakeholders on LTC risk, capital, and growth strategy.
• Communicate results to both actuaries and non-actuaries, and work collaboratively across Munich Re
• Effectively manage and develop internal actuarial students and work with and steer priorities of external resources (e.g. consultants)

Your Profile

• FSA required.
• 7+ years of actuarial experience
• Living benefits pricing or valuation experience preferred.
• Modeling experience preferred
• Proven people management and stakeholder communication skills.

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 $184,555 to $257,792 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.