Manager & Actuary, FinRe

Munich Re; New York (NY); On-site; USD 178,945 - 197,782; Full time

Benefits offered by this job

Health insurance (PPO or High Deductible)

401k plan with up to 6% employer match

Paid time off (24 days initially)

Tuition assistance and educational bonuses

Job summary

Munich Re is seeking a Manager & Actuary in New York City to support financial reinsurance transactions, involving deal structuring, marketing efforts, and ongoing maintenance.

The ideal candidate will have a Bachelor’s degree in actuarial science or a related field, along with FSA certification and 5+ years in the life insurance or reinsurance industry. A competitive salary starting at approximately $178,945, plus bonus opportunities, is offered along with comprehensive benefits.

Qualifications

• 5+ years of actuarial experience in the life insurance/reinsurance industry.
• Strong understanding of financial reporting including GAAP accounting.
• Ability to create financial models with minimal supervision.

Responsibilities

• Organize and analyze data for financial reinsurance deals.
• Develop deal models and financial statements.
• Assist in creating marketing materials and legal document reviews.

Skills

Actuarial experience

Financial modeling

Collaboration

Problem-solving

Education

Bachelor’s degree in actuarial science, mathematics, statistics or related field

FSA certification

Job description

The Manager & Actuary provides support to financial reinsurance transactions. Support includes, but is not limited to: marketing, developing, structuring, executing and post-close deal maintenance of financial reinsurance transactions.

Responsibilities

• Organize, evaluate and analyze data provided for deals. This will require working with more senior actuaries.
• Develop and run deal models and pro-forma financial statement models specific to deals. This will require someone that can model the financial impact of a proposed structure with little supervision.
• Assist with creation of marketing materials, proposals, and internal approval memos. This will be a team effort but the individual is expected to compile various input for different people and use his/her own discretion in developing the work product.
• Review of legal documents under the guidance of external and internal counsel. Goal is to ensure legal documents are consistent with deal model.
• Participate in pricing and structuring discussions with client.
• Participate in internal discussions for approvals on deals.
• Manage post-close inquiries from client and/or internal stakeholders.
• Monitor and analyze on-going information on transactions and provide period reports.
• Help develop junior team members to increase the productivity and quality of work and increase the overall team performance.

Qualifications

• Bachelor’s degree in actuarial science, mathematics, statistics or other related field.
• FSA required.
• 5+ years of actuarial experience in life insurance/reinsurance industry.
• Investment banking or capital markets experience a plus.
• Financial modeling experience.
• Solid understanding of life insurance products.
• Strong understanding of financial reporting.
• Ability to understand statutory and GAAP accounting.
• Opportunity to work on highly visible, client‑facing strategic initiatives.
• Collaborative and innovative culture within a global market leader.
• Strong focus on professional growth and development.
• Competitive compensation and comprehensive benefits package.

Insurance Benefits

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long-Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

Other Benefits

• A robust 401k plan with up to a 6% employer match.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

For New York City based employees, the base salary range anticipated for this position is $178,945 - $197,782, 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.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.