Head of Valuation

Munich Reinsurance America, Inc; New York (NY); Sur place; USD 180 000 - 300 000; Plein temps

Résumé du poste

Munich Reinsurance America, Inc. is seeking a seasoned actuary to serve as Head of Valuation for its US Life Reinsurance business.

The role reports to the Chief Actuary of Munich Re Life US and is responsible for valuation processes supporting IFRS 17, Solvency II, and US statutory reporting. The Head of Valuation leads a team of ~15 with three valuation leaders and engages with senior management, auditors, and regulators to deliver accurate assumptions, projections, and insights across life

Qualifications

• 10+ years of progressively responsible actuarial experience in valuation.
• Proven ability to lead multi-layer actuarial teams and collaborate with senior leaders.
• In-depth knowledge of US statutory valuation requirements (NAIC guidance).
• Knowledge of IFRS 17 and Solvency II preferred.
• Exceptional communication and stakeholder-management skills with senior executives.

Responsabilités

• Lead valuation across all lines of business (Individual Life, Life/LTC, Disability, LTC, Group Life/Long‑Term Disability, Longevity).
• Oversee quarterly valuation processes across all reporting frameworks.
• Approve valuation methodologies under each framework and ensure data/model readiness.
• Define model and data requirements for Model Development and Reinsurance Operations.
• Partner with Assumption Governance to maintain valuation assumptions and controls.
• Deliver management reporting, financial analysis, and actionable insights to senior leadership.
• Lead strategic planning, forecasting, and risk assessments related to valuation.
• Develop and mentor valuation staff and communicate complex matters clearly to diverse audiences.

Connaissances

Valuation Leadership

People Management

Stakeholder Communication

IFRS 17

Description du poste

Head of Valuation

We are seeking a highly skilled and experienced actuary to serve as Head of Valuation for our US Life Reinsurance business. Reporting directly to the Chief Actuary of Munich Re Life US, the Head of Valuation is accountable for the valuation process supporting IFRS 17, Solvency II, and US statutory reporting. The Valuation department owns the production, analysis, and delivery of US statutory reserves and the cash flows used for IFRS 17 and Solvency II reporting, including technical liability calculations, forecasts, strategic planning exercises, and sensitivity analyses.

The Head of Valuation delivers on these responsibilities through three valuation leaders-Individual Life, Individual Living Benefits, and Group/Longevity-and their teams, comprising approximately 15 staff. Success in this role requires exceptional communication skills and the ability to build strong working relationships across a broad and varied stakeholder group. The Head of Valuation must communicate clearly and credibly with senior management and other department managers, including the Head of Central Reporting, the Munich Re Life US Appointed Actuary, and the Chief Financial Officer, while also working closely with Model Development, Reinsurance Operations, and highly technical valuation team members. The role must be able to move seamlessly between providing executive-level analysis and insights for management and engaging directly in the detailed mechanics of valuation models, data, requirements, and results.

Your Role:

• Lead valuation across all lines of business, including Individual Life and Life/LTC Combo, Individual Disability, Long-Term Care, Group Life, Group Long-Term Disability, Longevity, and smaller run-off lines such as Annuity and GMDB.
  • Oversee quarterly valuation processes across all required reporting frameworks.
  • Assess and approve the appropriateness of valuation methodologies under each reporting framework.
  • Define model and data requirements for Model Development and Reinsurance Operations, supporting ongoing maintenance and new model development.
  • Partner with the Assumption Governance team to maintain and implement valuation assumptions.
  • Maintain and enhance the control environment supporting the valuation process.
• Deliver management reporting, financial analysis, and business insights.
  • Produce analysis explaining movements in liabilities and the key drivers of financial results.
  • Provide clear, actionable insights to senior management, business leaders, and other stakeholders.
  • Review new transactions and pricing analyses to support the effective onboarding of business into valuation processes.
• Support strategic planning, forecasting, and risk assessment.
  • Prepare financial projections for strategic and financial planning processes.
  • Develop sensitivity analyses to support asset adequacy testing, capital and ORSA assessments, model validation, and other management or regulatory reporting needs.
• Lead the team and support strategic and organizational priorities.
  • Lead, develop, and support valuation team members, fostering strong technical capabilities, accountability, and effective collaboration.
  • Communicate complex valuation matters effectively to audiences ranging from senior executives and department heads to highly technical modeling, data, and valuation professionals.
  • Support external reviews and examinations, including those conducted by auditors and regulators.
  • Lead or contribute to strategic initiatives and cross-functional projects affecting valuation and financial reporting.

Your Profile:

• At least 10 years of progressively responsible actuarial experience, with significant experience in valuation and financial reporting in Life Insurance or Life Reinsurance industry.
• Demonstrated success leading and developing multi-layered actuarial teams, including managing through senior leaders, establishing clear accountability, and fostering collaboration and technical excellence.
• In-depth knowledge of US statutory valuation requirements, including applicable NAIC guidance and state insurance regulations; knowledge of IFRS 17 and Solvency II is preferred.
• Exceptional communication and stakeholder-management skills, with the ability to convey complex valuation matters clearly and credibly to senior executives, department heads, auditors, regulators, and highly technical team members.
• Strong technical judgment and a willingness to engage in the details of valuation methodologies, models, data, assumptions, controls, and financial results.
• Strong analytical and problem-solving capabilities, with the ability to translate complex technical matters into clear, actionable insights.
• Strong business acumen, with the ability to balance technical considerations, financial reporting requirements, risk, and broader business priorities.
• Proven ability to lead multiple priorities and cross-functional initiatives, exercise sound judgment, and deliver effectively in a fast-paced environment.