Manager & Actuary, FinRe

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.

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 $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.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.