Actuarial Associate, Group Reporting

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 42,000 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.

Your primary responsibility is to support the IFRS
17 and SII valuation across all lines of business for Munich Re Life US.

• Support the preparation of quarterly results under IFRS
  17 and SII across multiple onshore and offshore entities, including data delivery, attribution analysis, preparation of disclosures and communication of results.
• Support the preparation of financial projections and key performance indicators for strategic and financial planning processes.
• Ensure quality and on-time completion of reporting deliverables.

• Support assumption updates and valuation model changes under IFRS
  17 and SII.
• Identify and implement enhancements to our data, systems and processes.
• Support special projects such as inforce management actions, deal reviews and ad-hoc requests from home office.

• Identify result drivers and perform attribution analysis under IFRS
  17 and SII.
• Evaluate performance and profitability of all lines of business.

• Effective communication of results to various stakeholders with varying levels of knowledge of IFRS
  17 and SII.
• Build relationships across the US organization and beyond.
• Support requests from home office and external reviewers (e.g., auditors).

• ASA or near ASA
• Minimum 2 years of experience
• Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
• Life insurance product knowledge including product design, features, and risks
• Valuation or Financial Reporting experience is preferred
• Knowledge about IFRS
  17, SQL and/or GGY AXIS is a plus

• 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

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

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.