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Senior Actuarial Associate, Finance Strategy & Policy

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 12892 Company Munich Re Life US Employment type Regular Area of expertise Actuarial & Risk Management
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The Finance Strategy Team is a newly created function reporting into the CFO to help support the Company’s growth ambitions by providing timely insights into the financial and capital implications of new initiatives. The Senior Actuarial Associate supports the execution and delivery of actuarial work supporting complex and large reinsurance transactions. The role contributes to day‑to‑day actuarial analysis for assigned transactions, from onboarding through early in‑force reporting, preparing accurate actuarial deliverables aligned with actuarial, accounting, local regulatory and governance requirements.

The Senior Actuarial Associate also supports capital planning and monitoring activities. This role is well-suited for a quick learner that likes to problem solve and drive solutions. In this role you will obtain knowledge of various reporting bases (IFRS, Solvency II, U.S. Statutory, Bermuda Solvency Capital Requirement), lines of business, and reinsurance structures.

Responsibilities

Transaction Onboarding & Execution

  • Support actuarial workstreams for assigned reinsurance transactions.
  • Develop valuation analyses using pricing models and assumptions to support actuarial recommendations.
  • Analyze information from various sources including pricing, valuation, reserving, finance and data teams to support reporting and settlement readiness.
  • Assist in maintaining deal‑specific documentation and timelines.

Valuation & Financial Reporting

  • Apply IFRS and local statutory (US STAT, BSCR) actuarial requirements to new and evolving deal structures.
  • Prepare actuarial inputs, including best estimate liabilities, cash flow projections, and reserve movements to support initial valuation reporting.
  • Support implementation of new solutions into the Corporate Actuarial reporting database.
  • Document decisions and maintain consistency across reinsurance transactions.

Assumption Support

  • Support Assumption team to analyze pricing assumptions against current valuation view and propose a valuation best estimate.
  • Generate model outputs and sensitivities, identify issues, and work with valuation teams to resolve discrepancies.

Process & Team Contribution

  • Opportunity to work across the Corporate Actuarial team including Valuation, Central Reporting, Model Development and Infrastructure teams.
  • Identify opportunities to improve transaction onboarding, reporting processes, and documentation standards.
  • Contribute to Corporate Actuarial initiatives related to standardization, automation, and scalability.

Qualifications

  • ASA with progress towards FSA
  • 3+ years of experience in pricing, actuarial valuation, financial reporting, capital analysis, and/or reinsurance transactions.
  • Strong analytical skills with the ability to synthesize complex information and communicate clearly.
  • Well‑organized, detail‑oriented, and able to manage multiple priorities in a deadline‑driven environment.
  • Collaborative mindset with the ability to work effectively across various internal teams.

We are proud to offer our employees, their domestic partners, and their children, a wide range of 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).

In addition to the above insurance offerings, our employees also enjoy:

  • 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.

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 $148,000 - $164,000, 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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