[ The Corporate Actuarial team is looking for a Director, North American Model Development (Valuation). This position can sit in either the Toronto or New York City office.

You will develop and use leading-edge actuarial models and analytics for the analysis and reporting of Life & Health Reinsurance business in a collaborative and inventive team. This opportunity will have a primary focus on Individual Life modeling and the challenges that come with modeling a large, diverse, and growing portfolio of business. You will have accountability and exposure to a broad range of functions within the area deepening your technical expertise to both reporting and model optimization. You will work with actuarial and non-actuarial teams such as the Pricing, Global Actuarial Consulting Group, Biometric Research, Enterprise Risk Management, Reinsurance Operations, and Business Transformation. You will have the opportunity to see additional lines of business: Disability Income, Critical Illness, Long Term Care, and Group; allowing for growth in product knowledge, risk exposure, and traditional and non-traditional reinsurance structures.

You demonstrate a consistent need for achievement, a strong work ethic and a drive to make a difference. You are also an excellent communicator and thrive working in a high-performing and client focused environment with a desire to make an impact. You have the ability to learn quickly, synthesize and implement solutions, and explain technically challenging concepts to other actuarial teams and senior management. If this sounds like a challenge, this is the right role for you.

Your Job:

Under the direction of Assistant Vice President, Corporate Actuarial, the successful candidate will lead various model development initiatives within the North American Model Development team, which may include but is not limited to:

• Lead a team of Actuaries/Associates (across Canada and the US) to maintain, enhance the valuation AXIS models and improve the valuation process as a whole
• Build relationships with other departments, maintain regular communication, negotiate priorities, identify opportunities for improvement and address issues as they arise
• Guide team members in the design, implementation, testing, quantification, and understanding of model enhancements required for reporting
• Quantify and explain impacts of model changes, new AXIS functionality, and new data under multiple reserving bases (IFRS17, SII, Stat). Present results/recommendations to management
• Identify inefficiencies in both modeling and processes and recommend improvements to streamline workflow
• Maintain the North American Valuation modeling standards and adapt to emerging industry best practices in model design, data & assumption management
• Develop and enforce controls and documentation of models and processes under the risk control framework
• Contribute to company-wide projects to enhance understanding and produce efficiencies

Leadership

• Hire, develop and retain a top talent team that is engaged and recognized as experts internally within Munich Re and externally with clients and partners.
• Ensure the team has a clear understanding of departmental goals, and that every employee has challenging personal goals.
• Foster a culture of feedback with feedback given to employees and other Munich Re team members.

Your Profile:

• University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
• FSA/FCIA
• 7+ years of experience in the Life and Health insurance/reinsurance industry.
• Advanced knowledge of AXIS and Datalink, SQL, Excel, Power Query/BI
• Established knowledge of the North American insurance product market
• Strong analytical, problem solving, and financial modeling skills. Comfortable working with complex calculations.
• Strong communication, interpersonal and influencing skills across all levels of the organization.
• Ability to establish and maintain good working relationships with other departments.
• Demonstrated flexibility and effectiveness working under tight timelines.
• Demonstrated ability to adapt in a dynamic environment.
• Project management skills and experience.

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

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.

For New York City based employees, the base salary range anticipated for this position is $176,532 to $246,585, 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. ]