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Actuarial Associate, Group Reporting

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 11449 Company Munich Re Life US Employment type Regular Area of expertise Actuarial & Risk Management
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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 42,000 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.

The Group reporting team produces reserves and other financial metrics under IFRS17 and SII accounting regimes. Our mission is to produce forward-looking, accurate and relevant financial information that stakeholders with unique interests use to make decisions.

YOUR JOB:

Your primary responsibility is to support the IFRS17 and SII valuation across all lines of business for Munich Re Life US.

Valuation and Financial Reporting:

  • Support the preparation of quarterly results under IFRS17 and SII across multiple onshore and offshore entities, including data delivery, attribution analysis, preparation of disclosures and communication of results.
  • Support the preparation of financial projections and key performance indicators for strategic and financial planning processes.
  • Ensure quality and on-time completion of reporting deliverables.

Development:

  • Support assumption updates and valuation model changes under IFRS17 and SII.
  • Identify and implement enhancements to our data, systems and processes.
  • Support special projects such as inforce management actions, deal reviews and ad-hoc requests from home office.

Results Analysis:

  • Identify result drivers and perform attribution analysis under IFRS17 and SII.
  • Evaluate performance and profitability of all lines of business.

Reporting & Communication:

  • Effective communication of results to various stakeholders with varying levels of knowledge of IFRS17 and SII.
  • Build relationships across the US organization and beyond.
  • Support requests from home office and external reviewers (e.g., auditors).

YOUR PROFILE:

  • ASA or near ASA
  • Minimum 2 years of experience
  • Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
  • Life insurance product knowledge including product design, features, and risks
  • Valuation or Financial Reporting experience is preferred
  • Knowledge about IFRS17, SQL and/or GGY AXIS is a plus

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 $109,187 to $145,584, 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.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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