Title:  Senior Actuarial Associate

Position Overview

This position’s primary responsibility is to oversee the accelerated underwriting (AUW) mortality slippage process within the Underwriting Risk Assessment and Research (URAR) team for the purpose of monitoring mortality risk within our reinsured AUW business and support pricing with AUW assumption setting. This role will also be involved in special projects typically involving mortality impacts of underwriting changes and is expected to contribute to underwriting research and thought leadership initiatives.

Your Role:

• Lead the AUW US client monitoring analyses, including overseeing a junior team member on the mortality slippage process, and effectively communicate the results to key internal stakeholders.
• Collaborate with Underwriting, Pricing, and Integrated Analytics as needed to support the development and effective monitoring of clients’ AUW programs.
• Manage the continued development of an AUW client mortality monitoring database to aggregate insights across the industry.
• Support research of key trends in US underwriting programs, through client survey analysis, validation of new underwriting tools/data sources, and retro studies.
• Assist with the development of marketing materials (e.g; presentations, white papers, survey reports) that promote Munich Re as an expert in innovative underwriting topics.

Your Profile:  

• Bachelor’s Degree in Actuarial Science or Mathematics
• ASA designation and progression towards FSA
• 3-5 years of actuarial experience in the life insurance industry
• Advanced proficiency in Microsoft Office (Word and Excel) is required, with skills in VBA, PowerPoint, Access, SQL, and Power BI being an asset.
• Able to manage a number of diverse projects.
• High degree of independence and prioritization.
• Well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements.
• Excellent analytical and abstract reasoning skills.
• Excellent written and verbal communication skills; effective at documenting and communicating analysis, findings and conclusions.
• Ability to mentor junior staff and review their work.
• Works effectively and collaboratively on cross-functional teams within the company to achieve results.

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.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry.  We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

For New York City based employees, the base salary range anticipated for this position is $152,009 to $168,009, 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.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• 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

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

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.