Director & Actuary, Corporate Actuarial; Valuation and Reporting

The successful candidate will lead a number of the following, which may include but is not limited to:

• Managing, training and leading a team through the quarter and year-end financial reporting process across all lines of business under both reserving bases (IFRS 17 and Solvency II).
• Ensuring tests and analyses are completed to fully verify accuracy, such as reserve movements and source of earnings analysis.
• Preparing IFRS 17 and SII reports and the quarterly/yearly LICAT (LIMAT) return.
• Summarizing and explaining quarterly financial results to the CFO and other members of the Senior Leadership Team as needed.
• Consolidating cash flows for or leading the production of the annual Financial Condition Test, Business Plan, Value of New Business and various profitability metrics.
• Identifying and developing strategies to optimize capital usage for both MR Group and the Branch through retrocession or other opportunities.
• Providing deal support on large inforce transactions, Fin Re and complex structured solutions.
• Preparing reports and liaising with management, regulators, auditors, and the Munich Home Office.
• Monitoring emerging experience and testing of assumption changes as needed.
• Identifying needs of the valuation landscape (both IT and processes) to bring about infrastructure-related improvements.
• Building strong relationships with other departments, maintaining regular communication, identifying opportunities for improvement and successfully addressing issues as they arise.

The successful candidate will lead a number of the following, which may include but is not limited to:

• Managing, training and leading a team through the quarter and year-end financial reporting process across all lines of business under both reserving bases (IFRS 17 and Solvency II).
• Ensuring tests and analyses are completed to fully verify accuracy, such as reserve movements and source of earnings analysis.
• Preparing IFRS 17 and SII reports and the quarterly/yearly LICAT (LIMAT) return.
• Summarizing and explaining quarterly financial results to the CFO and other members of the Senior Leadership Team as needed.
• Consolidating cash flows for or leading the production of the annual Financial Condition Test, Business Plan, Value of New Business and various profitability metrics.
• Identifying and developing strategies to optimize capital usage for both MR Group and the Branch through retrocession or other opportunities.
• Providing deal support on large inforce transactions, Fin Re and complex structured solutions.
• Preparing reports and liaising with management, regulators, auditors, and the Munich Home Office.
• Monitoring emerging experience and testing of assumption changes as needed.
• Identifying needs of the valuation landscape (both IT and processes) to bring about infrastructure-related improvements.
• Building strong relationships with other departments, maintaining regular communication, identifying opportunities for improvement and successfully addressing issues as they arise.

• Contributing to a high-performance team that is highly engaged and recognized as experts both internally and throughout the global Munich Re organization.
• Ensuring the team has a clear understanding of departmental objectives, and that every employee has challenging personal objectives.
• Hiring, developing and retaining a top talent team that is fully engaged and recognized as experts internally within Munich Re and externally with clients and partners.
• Fostering a culture of feedback with timely feedback given to employees and other Munich Re team members.
• Engaging in regular development discussions with employees to coach on career growth and development.

• University Degree in Actuarial Science,…