Manager & 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. 

Your primary responsibility is to manage day to day valuation activities of Munich's LTC line of business, including support of new business activities on LTC products and coordination of valuation of existing business with external consultants. You will have opportunities to lead ad-hoc projects from other line of business within the valuation team. You will be managing actuarial students and the relationship with external consultants supporting the team.

Responsibilities

Valuation and Financial reporting

• Key contact and liaison between external consultants working on the valuation of  existing LTC business, and other internal stakeholders.
• Responsibility to help assess, onboard and support quarterly reporting on new LTC transactions.
• Support external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Manage LTC‑specific quarterly and annual closing issues, assumptions, corrections, and control evidence.

LTC Assumptions & Insight.

• Develop and document valuation assumption updates, ensuring alignment with Pricing/ERM and assumption governance.
• Quantify sensitivities and stress tests and support deeper insights and analysis of MARCs LTC business.

Modeling & Process Governance

• Strengthen model/process controls: input validation, automated checks, and reproducible workflows.
• Ensure LTC model/process changes support Best Estimate reporting, statutory requirements, and emerging deal structures.

Planning, Forecasting & Strategic Support

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

Stakeholder Partnership

• Collaborate with Finance, Model development, ERM, Claims, and Data teams.
• Communicate results to both actuaries and non-actuaries, and work collaboratively across Munich Re
• Assist external reviewers (e.g., auditors)
• Effectively manage internal and/or external resources (e.g. consultants)

Your profile

• FSA required
• Bachelor's degree 
• Valuation or Financial Reporting experience
• Living benefits/ LTC product knowledge preferred
• Modeling experience (e.g. Moody’s AXIS, SQL) 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

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 $178,899 to $197,731 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.