Director & Actuary, IL Pricing (M&A Solutions)

Munich Re; New York (NY); On-site; USD 176,000 - 247,000; Full time

Job summary

A leading reinsurance company seeks a Director & Actuary for M&A Solutions. This role involves evaluating and pricing reinsurance opportunities, working with complex models, and requires substantial actuarial expertise. Ideal candidates will have over 8 years in the industry with a focus on pricing and product development.

Benefits

PTO and Family Leave

Retirement Savings Plans

Dental and Vision Plans

Life and Disability insurance

Employee Assistance Program

Adoption Assistance

Wellness Programs

FSA and HSA Plans

Hospital Indemnity Plans

Qualifications

• 8+ years actuarial employment in life insurance/reinsurance.
• Experience with pricing and product development.

Responsibilities

• Evaluate and price M&A and block reinsurance opportunities.
• Analyze asset intensive deal models and set pricing assumptions.
• Run AXIS pricing model projections.

Skills

Actuarial valuation

Pricing

Modeling

Risk management

Education

Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting

Tools

Moody’s Axis

Job description

Director & Actuary, IL Pricing (M&A Solutions)

Position Overview

This Director & Actuary position plays a significant role in evaluating and pricing M&A and block reinsurance opportunities. Specifically, this position helps run and analyze output from asset intensive deal models, and assists the lead pricing actuaries by setting and peer reviewing assumptions used to price the various opportunities. This position requires substantial technical expertise and developing knowledge of individual life insurance and asset intensive reinsurance.

Your Role:

Support the evaluation, structuring and pricing of M&A and block reinsurance opportunities:

• Perform diligence on appraisal and other process documents
• Develop pricing assumptions to provide appropriate views into the performance of the subject business
• Use asset intensive deal models to assist in analyzing various opportunities
• Run AXIS pricing model projections, analyze and summarize results

Your Profile:

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• 8+ years actuarial employment in the life insurance/reinsurance industry
• Pricing and product development experience required
• Experience working with a modeling software and interpreting results
• Moody’s Axis experience preferred

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, thebase salary range anticipated for this position is $176,532 to $246,585, 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:

• 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
• 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.