Senior Actuarial Associate, Living Benefits Valuation

Munich Reinsurance America, Inc; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Munich Reinsurance America, Inc. is seeking a Senior Actuarial Associate in Living Benefits (LB) Valuation to support production, data analysis, and controls across IDI and LTC valuation programs.

The role requires ASA with progress toward FSA, 3–5 years of actuarial valuation experience, and strong Excel/AXIS capabilities. You will collaborate with actuarial, finance, modeling and data partners while driving process improvements and documentation.

Qualifications

• Minimum ASA, with steady progress toward FSA preferred.
• Bachelor's degree in mathematics, actuarial science, a quantitative discipline, or a related field.
• Strong analytical, problem-solving, and organizational skills, with the ability to independently investigate issues, assess reasonableness, and recommend practical solutions.
• Ability to communicate results clearly, manage competing priorities, and work effectively with actuarial, finance, modeling, data, claims, and business partners.
• Proficiency with Microsoft Excel and actuarial or data tools; experience with SQL, Moody's AXIS, or other valuation/modeling platforms is preferred.
• Life, health, disability, or long-term care product knowledge, including product design, features, and risks, is preferred.

Responsibilities

• Prepare, review, and explain periodic actuarial valuation results and production deliverables across applicable reporting frameworks, including data preparation, model execution support, results analysis, and recurring reporting materials.
• Apply actuarial controls to validate data inputs, model outputs, and key financial movements, ensuring deliverables are accurate, timely, and supported by clear evidence and documentation.
• Perform data analysis, quality checks, and actual-to-expected analysis to support valuation, reporting, assumption review, and ad-hoc business needs.
• Identify drivers of financial results, summarize key variances, and develop clear explanations for management, internal partners, and review teams.
• Maintain and enhance supporting documentation for production processes, assumptions, data checks, controls, and work products.

Skills

Analytical skills

Problem-solving

Communication

Organizational skills

Attention to detail

Education

Bachelor's degree in mathematics or actuarial science

Tools

Microsoft Excel

SQL

Moody's AXIS

Valuation/modeling platforms

Job description

Munich Reinsurance America, Inc. is seeking a Senior Actuarial Associate in Living Benefits (LB) Valuation to support production, data analysis, and controls across IDI and LTC valuation programs.

The role requires ASA with progress toward FSA, 3–5 years of actuarial valuation experience, and strong Excel/AXIS capabilities. You will collaborate with actuarial, finance, modeling and data partners while driving process improvements and documentation.