Actuarial Associate, US Stat Reporting & ALM

The STAT Reporting and ALM team aims to continually provide timely and accurate results, projections and analysis with a clear story regarding variances and changes so that senior management is well informed to manage business. We always strive to improve tools and processes and to become nimble for future business changes, while working closely as team to grow and learn more every day.

The Actuarial Associate supports the preparation and analysis of U.S. statutory reserves, including cash flow testing, capital and ALM deliverables, as well as the filing of statutory reports to ensure compliance with actuarial standards of practice, model regulations and other requirements from internal stakeholders.

• Support the quarterly and annual statutory close process with calculation, review and validation of statutory reserves, forecasts and related exhibits.
• Assist in explaining quarter‑over‑quarter movements in reserves and cash flows and producing a source of earnings analysis for presentation to senior management.
• Assist in monitoring changes in U.S. statutory regulations, NAIC guidance, and actuarial guidelines, and support implementation efforts.
• Contribute to capital‑related analyses used in management reporting, planning, and regulatory discussions.
• Support ALM analysis, including cash flow projections, duration metrics, and reinvestment assumptions.
• Support responses to auditor and regulatory inquiries related to statutory valuation and modeling.
• Collaborate with cross‑functional teams, including Finance, to ensure accurate and timely reporting of statutory results.
• Recommend process improvements and implement strategies to achieve efficiencies on the quarterly close process.

• Progress towards ASA required
• 2+ years of experience in life insurance/reinsurance industry, preferably with exposure to U.S. statutory valuation and reporting experience
• Life insurance product knowledge including product design, features, and risks is preferred
• Bachelor's degree in mathematics, actuarial science, or related field
• Moody's GGY AXIS and SQL experience is preferred

• 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).

• 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.

For New York City based employees, the base salary range anticipated for this position is $109,000 - $146,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.