Actuarial Associate

Munich Reinsurance America, Inc; New York (NY); On-site; USD 90,000 - 120,000; Full time

Job summary

Munich Reinsurance America, Inc. in New York, NY is seeking an Actuarial Associate to support Living Benefits Valuation, including IDI and LTC reporting, within Corporate Actuarial - Valuation.

The role emphasizes data preparation, model support, documentation, and recurring reporting, with opportunities to advance toward ASA and FSA while collaborating with cross-functional teams. Candidates should have at least 2 years of experience, a math-related degree, Excel proficiency, and SQL or

Qualifications

• Bachelor's degree required in math/actuarial field.
• 2+ years actuarial experience preferred.
• Proficiency in Excel and SQL preferred.
• Understanding of valuation concepts such as reserving and financial reporting.

Responsibilities

• Support actuarial valuation and production processes.
• Perform data analysis and quality checks for valuation reporting.
• Maintain documentation of processes, assumptions, and data checks.

Skills

Analytical skills

Problem solving

Communication

Attention to detail

Team collaboration

Education

Bachelor's degree in mathematics

Actuarial science or related field

Tools

Excel

SQL

Job description

Actuarial Associate - Living Benefits (LB) Valuation

Location: New York, NY

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

This role will be a member of the Living Benefits (LB) Valuation team, which handles Individual Disability (IDI) and/or Long Term Care (LTC) reporting.

The Actuarial Associate's primary responsibility is to support actuarial production activities for the Corporate Actuarial team, including valuation support, data analysis, process documentation, and recurring reporting deliverables.

Responsibilities

Production Support and Valuation:

• Assist with periodic actuarial valuation and production processes, including data preparation, model support, results review, and preparation of recurring reporting materials.
• Support the team in producing accurate, timely, and well-documented deliverables under established procedures and controls.

Data, Analysis, and Documentation:

• Perform data analysis and quality checks to support valuation, reporting, assumption review, and ad-hoc business needs.
• Maintain clear supporting documentation for production processes, assumptions, data checks, and work products.
• Assist with enhancements to recurring tools, templates, and processes to improve efficiency, consistency, and controls.

Projects and Team Support:

• Support team members with production tasks, management requests, audit support, and other actuarial projects as needed.
• Contribute to a collaborative team environment by asking thoughtful questions, learning production workflows, and building actuarial and technical skills over time.

Your profile

• near ASA and commitment to earning ASA with desire to continue exam progression towards FSA.
• Minimum 2 years of experience
• Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
• Strong analytical, problem-solving, and organizational skills, with attention to detail and willingness to learn production processes.
• Ability to communicate results clearly, manage multiple tasks, and work effectively with team members and business partners.
• Proficiency with Microsoft Office programs, particularly Excel; programming or data analysis experience (i.e. SQL) is preferred.
• Life insurance product knowledge including product design, features, and risks preferred
• Valuation or Financial Reporting experience preferred