As the FinRe Director & Actuary, you'll be exposed to all aspects of the FinRe business; providing you with valuable insight to not only our clients' financing and strategic objectives - but a greater understanding of the industry as a whole. This role's mission is to provide support to financial reinsurance transactions. Support includes, but is not limited to: marketing, developing, structuring, executing and post -close deal maintenance of financial reinsurance transactions.
Your Job
- Assist with creation of marketing materials, proposals, and internal approval memos
- Develop pro-forma financial statement models specific to deals with the support from junior actuaries
- Participate in pricing and structuring discussions with client
- Participate in internal discussions for approvals on deals
- Review of legal documents under the guidance of external and internal counsel with supervision from more senior actuaries
- Manage post-close inquiries from client and/or internal stakeholders
- Help develop junior team members to increase the productivity and quality of work and increase the overall team performance
Your Profile
- Bachelor's Degree in Mathematics, Actuarial Science, Economics, Risk Management, Finance, Accounting or Engineering
- 5-7 years of actuarial experience in life insurance industry, investment banking or capital markets
- FSA required
- Strong understanding of annuity products such as DA, FIA, MYGA, VA, RILA, etc. and ability to model annuity products including riders associated with those annuity products such as GMDB, GLWB, GMAB, etc.
- Understanding of annuity statutory and capital accounting regulation such as AG33, AG35, VM21, VM22, C3-P2, etc.
- Financial modeling experience
- Understanding of life and/or annuity reinsurance;
- AXIS modelling skills in annuity
- Pricing and/or valuation experience in annuity
Our Benefits
- 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
Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
For New York City based employees, the base salary range anticipated for this position is $194,186 to $271,244 plus an opportunity for an annual company bonus based upon a percentage of eligible pay.
The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role.
Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.
Working at
Munich Re
Munich Re is a leading reinsurance company that provides insurance products to other insurance companies. The company was founded in 1880 and has grown to become one of the largest reinsurers in the world. Munich Re offers a wide range of reinsurance products, including property and casualty reinsurance, life and health reinsurance, and specialty reinsurance. In addition to traditional reinsurance products, the company also offers risk consulting and management services to help clients identify and mitigate potential risks. Munich Re has a strong reputation in the industry and is known for its expertise in underwriting and risk assessment. The company has operations in numerous countries around the world and is a key player in the global insurance market.