Director & Actuary, Long Term Care; LTC Valuation

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.

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.

The Director & Actuary - LTC Valuation has end‑to‑end ownership of LTC valuation results and provides strategic leadership across IFRS 17, US Statutory (Health), and Solvency II. You will be managing actuarial students and the relationship with external consultants supporting the team. This role ensures valuation results for LTC support senior management decision‑making and informs external reporting.

• Own LTC valuation results and deliverables across all reporting frameworks.
• Oversee external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Own the LTC‑specific quarterly and annual closing process ensuring a robust control and evidence documentation process is in place.
• Support assumption development, validation, documentation, and audit/regulatory engagement.
• Oversee LTC financial projections, stress testing, and scenario analysis.
• Set long‑term modeling and process improvement goals alongside the Head of Living Benefits.
• Strengthen and ensure adherence to model controls: input validation, automated checks, and reproducible workflows.
• Prepare LTC projections for reforecasts, annual plan, ORSA‑aligned scenarios, stress testing, and capital analysis.
• Key valuation contact with Pricing and other Corporate Actuarial colleagues on onboarding new LTC deals into valuation.
• Partner with senior stakeholders on LTC risk, capital, and growth strategy.
• Communicate results to both actuaries and non‑actuaries, and work collaboratively across Munich Re.
• Effectively manage and develop internal actuarial students and work with and steer priorities of external resources (e.g., consultants).

• FSA required.
• 7+ years of actuarial experience.
• Living benefits pricing or valuation experience preferred.
• Modeling experience preferred.
• Proven people‑management and stakeholder communication skills.

• Wide range of insurance benefits, including health (PPO or High Deductible), prescription drug coverage, vision and dental, basic life insurance equal to 1 × annual salary, and AD&D coverage equal to 1 × annual salary.
• Short‑ and long‑term disability coverage.
• Supplemental life and AD&D plans for you and dependents.
• Voluntary benefit plans that supplement health and life insurance (Accident, Critical Illness, Hospital Indemnity).
• Robust 401(k) plan with up to a 6 % employer match.
• Paid time off that begins with 24 days each year, increasing with milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• Health and wellness programs at no cost, including gym fitness reimbursement.
• Paid time off for family care needs and community volunteering.
• Tuition assistance and educational achievement bonuses.
• Corporate matching gift program for charitable donations.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. We are an equal‑opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Only selected candidates will be contacted directly. We thank all candidates for their interest.