AVP & Actuary, Statutory Reporting

Munich Re; New York (NY); On-site; USD 262,000 - 289,000; Full time

Benefits offered by this job

Medical plans

PTO & family leave

Retirement plans

Dental & Vision

Life & disability

EAP

Adoption assistance

Wellness programs

Commuter benefits

FSA/HSA

Job summary

Munich Re is seeking an experienced actuary to join the Life Reinsurance team in New York City as AVP & Actuary, specializing in Statutory Reporting. You will lead preparation of statutory reports, coordinate with multiple stakeholders, and ensure compliance with NAIC and state regulations.

The role requires FSA/MAAA credentials and 10+ years in statutory actuarial roles, with strong analytical and communication skills. Excellent project management and a collaborative mindset are essential.

Qualifications

• FSA/MAAA with life reinsurance or insurance background.
• 10+ years actuarial experience focused on statutory reporting.
• Deep knowledge of NAIC and state insurance regulations.
• Strong analytical, problem-solving and communication abilities.
• Able to balance technical work with business priorities and deadlines.

Responsibilities

• Lead preparation of statutory reports for Appointed Actuary, including Bluebook exhibits and Actuarial Memorandum.
• Collaborate with Actuarial, Accounting and Compliance to ensure timely reporting.
• Provide actuarial guidance to business leaders based on accurate data.
• Support deal teams evaluating new lines of business for statutory implications.
• Recommend strategies to improve capital efficiency and reporting quality.
• Monitor regulatory changes and industry trends to improve processes.
• Mentor junior team members and coordinate with auditors and peers.

Skills

FSA/MAAA

Statutory reporting

Regulatory knowledge

Analytical skills

Communication skills

Project management

Job description

• Comprehensive Medical Plans

We are seeking a highly skilled and experienced actuary to join our Life Reinsurance team as an Assistant Vice President (AVP) & Actuary, specializing in Statutory Reporting. The successful candidate will leverage their expertise in US statutory principles, regulatory requirements, and industry trends to drive the preparation and filing of statutory reports, ensuring compliance with actuarial standards of practice, model regulations, state specific requirements and internal stakeholders. This is an exceptional opportunity for a talented professional to thrive in a fast-paced, dynamic environment, contributing to the success of our Life Reinsurance business.

Key Responsibilities:

• Lead the preparation of the actuarial statutory reports in support of the Appointed Actuary, including but not limited to, Bluebook exhibits and the Actuarial Memorandum.
• Collaborate with cross-functional teams, including Actuarial, Accounting, and Compliance to ensure accurate and timely reporting.
• Provide expert actuarial guidance and support to business leaders, ensuring that statutory reporting requirements are met and that business decisions are informed by accurate and reliable data.
• Support deal teams as they evaluate new lines of business or structures for the implications to Statutory reporting
• Recommend and implement strategies to achieve capital efficiencies
• Monitor industry developments, regulatory changes, and emerging trends, applying this knowledge to continuously improve the quality and efficiency of statutory reporting.
• Mentor and coach junior team members, sharing expertise and promoting a culture of excellence and collaboration.
• Develop and maintain relationships with key stakeholders, including auditors and industry peers, to ensure effective communication and coordination.

Requirements:

• Fellow of the Society of Actuaries (FSA) / Member of the American Academy of Actuaries (MAAA) with a strong background in life reinsurance or insurance.
• Minimum 10 years of experience in actuarial roles, with a focus on statutory reporting
• In-depth knowledge of regulatory requirements, including NAIC and state insurance regulations.
• Strong analytical, problem-solving, and communication skills, with the ability to distill complex concepts into clear, actionable insights.
• Strong business acumen, with the ability to balance technical expertise with business needs and priorities.
• Excellent project management skills, with the ability to prioritize tasks, manage multiple projects, and meet deadlines in a fast-paced environment.

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 $ 261,596 - $289,132, 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.