Senior Actuarial Associate, IL Pricing

Senior Actuarial Associate, IL Pricing – Munich Re

The Senior Actuarial Associate supports the Individual Life business function in pricing new opportunities, reviewing models and assumptions, managing inforce business, and conducting market research.

• Pricing new opportunities
  • Manage client initiatives to understand key risks and set appropriate prices.
  • Build models to analyze profitability of potential deals.
  • Summarize results and communicate to Senior Management.
  • Review models built by others.
• Managing Inforce Business
  • Review existing business to understand drivers of profitability.
• Reviewing Models and Assumptions
  • Maintain model templates and develop tools to improve efficiency.
  • Perform analysis of actuarial assumption updates.
• Conducting Market Research
  • Perform research on market trends among clients and competitors.

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting.
• 3+ years actuarial employment in the life insurance/reinsurance industry.
• ASA designation with progress toward FSA.
• Life insurance or reinsurance knowledge preferred.
• Insurance or reinsurance pricing knowledge preferred.
• Ability to learn how to efficiently use various software packages (AXIS for pricing, Microsoft Excel, SQL).
• Ability to communicate output/results effectively.

• Comprehensive Medical Plans
• PTO and Family Leave
• Retirement Savings Plans
• Dental and Vision Plans
• Life and Disability insurance
• Employee Assistance Program
• Adoption Assistance
• Wellness Programs – Calm, WW, SoFI, Virgin Pulse
• Commuter Benefits
• FSA and HSA Plans
• Hospital Indemnity, Critical Illness and Accident Plans

Salary range: $137,446 - $159,148 (NYC based employees).

Location:

New York, United States

Seniority level:
Mid-Senior level

Employment type:

Full-time

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.