Title:  Manager & Actuary, IL Pricing

The Manager & Actuary will support the AVP, IL Pricing and the VP, IL Pricing.  Your primary responsibilities are to own IL Management Reporting, manage unique deals, and assist with Deal quoting. In addition, the actuary will have input into Reporting and Governance topics, but this will not be a focus of the role. You will deal directly with local leadership as well as those within our global footprint. 

Your Job:

• IL Tools and Oversight
  • Own and maintain a suite of AXIS, Excel, SQL, and Python tools used by deal teams in pricing exercises
  • Responsible for developing the suite of tools, enhancing automation, and finding efficiencies
  • Be the main point of contact for deals teams
  • Manage special projects
• IL Management Reporting
  • Assist with maintaining the IL Management Reporting AXIS model, SQL databases, and supporting reports
  • Help to produce quarterly reports and present to senior management
  • Become an expert in our book of business
• Central Assumptions
  • Support the development of central pricing assumptions
• Talent Management
  • Run workshops and spread knowledge throughout teams
  • Manage students

Your Profile:

• Bachelor’s degree in mathematics, quantitative discipline, actuarial science, or related field
• Strong GGY AXIS modeling capability
• Strong grasp of SQL
• Power BI a plus
• FSA with 4+ years of experience
• At least 2 years in a product development or a valuation focused role
• Life insurance product knowledge including product design, features, and risks
• Exposure to reinsurance structures
• Familiarity with Experience studies

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 $172,811 - $191,002, 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.