Job Description

THIS POSITION CAN BE LOCATED REMOTELY WITHIN US.

About Corporate Actuarial – Valuation

Corporate Actuarial produces reserving and financial metrics across IFRS 17, US Stat/Health, and Solvency II. The team delivers accurate, forward ‑ looking financial information that supports senior management, Finance, ERM, Pricing, auditors, and regulators. Results from valuation drive thought leadership and informed decision ‑ making across the organization.

The Role

You will be a member of the Living Benefits & Group (LB & G) Valuation team, which handles Long Term Care (LTC), Individual Disability (IDI), Group Long Term Disability (GLTD) and Group Life (GL) reporting. 

Your primary responsibility is to manage day to day valuation activities of Munich's LTC line of business, including support of new business activities on LTC products and coordination of valuation of existing business with external consultants. You will have opportunities to lead ad-hoc projects from other line of business within the valuation team. You will be managing actuarial students and the relationship with external consultants supporting the team.

Responsibilities

Valuation and Financial reporting

• Key contact and liaison between external consultants working on the valuation of  existing LTC business, and other internal stakeholders.
• Responsibility to help assess, onboard and support quarterly reporting on new LTC transactions.
• Support external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Manage LTC ‑ specific quarterly and annual closing issues, assumptions, corrections, and control evidence.

LTC Assumptions & Insight.

• Develop and document valuation assumption updates, ensuring alignment with Pricing/ERM and assumption governance.
• Quantify sensitivities and stress tests and support deeper insights and analysis of MARCs LTC business.

Modeling & Process Governance

• Strengthen model/process controls: input validation, automated checks, and reproducible workflows.
• Ensure LTC model/process changes support Best Estimate reporting, statutory requirements, and emerging deal structures.

Planning, Forecasting & Strategic Support

• Prepare LTC projections for reforecasts, annual plan, ORSA ‑ aligned scenarios, stress testing, and capital analysis.
• Partner with Pricing and other Corporate Actuarial colleagues on onboarding new LTC deals into valuation.

Stakeholder Partnership

• Collaborate with Finance, Model development, ERM, Claims, and Data teams.
• Communicate results to both actuaries and non-actuaries, and work collaboratively across Munich Re
• Assist external reviewers (e.g., auditors)
• Effectively manage internal and/or external resources (e.g. consultants)

Your profile

• FSA required
• Bachelor's degree 
• Valuation or Financial Reporting experience
• Living benefits/ LTC product knowledge preferred
• Modeling experience (e.g. Moody’s AXIS, SQL) preferred

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.

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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