Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Head of Valuation

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 14520 Company Munich Re Life US Employment type Regular Area of expertise Actuarial & Risk Management
Apply Now

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.
Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.