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Job Description
Are you someone that is passionate about capital management solutions?
Do you consider your experience in (re)insurance as one of your strong suits?
Do you thrive in a team environment?
Then keep reading!
As part of Munich Re US, Capital Partners is a highly collaborative team that develops structured reinsurance as well as alternative capital market solutions to address clients' demands beyond pure risk transfer. As we expand our diverse expert team we are looking for someone who is committed to build a culture that enables the creation of innovative solutions for our business units and clients.
The Company
Munich Re US offers 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 our clients stay competitive.
The Opportunity
Future focused and always one step ahead.
This position involves end-to-end responsibility for capital management-related solutions in our target markets prevalent the US which includes the following responsibilities:
Qualifications
The base salary range anticipated for this position is $188,000 - $276,200, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. 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. Most candidates will start in the bottom half of the range. We will consider a range of reinsurance and/or relevant insurance experience for this role and the offer will be commensurate with that.
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. ]
Apply NowAre you someone that is passionate about capital management solutions?
Do you consider your experience in (re)insurance as one of your strong suits?
Do you thrive in a team environment?
Then keep reading!
As part of Munich Re US, Capital Partners is a highly collaborative team that develops structured reinsurance as well as alternative capital market solutions to address clients' demands beyond pure risk transfer. As we expand our diverse expert team we are looking for someone who is committed to build a culture that enables the creation of innovative solutions for our business units and clients.
The Company
Munich Re US offers 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 our clients stay competitive.
The Opportunity
Future focused and always one step ahead.
This position involves end-to-end responsibility for capital management-related solutions in our target markets prevalent the US which includes the following responsibilities:
- Identifying, originating, pricing and marketing structured prospective and retroactive reinsurance solutions.
- Working closely with our clients to understand their needs and win buy-in for our solutions.
- Assessing claims reserves and expected volatilities and support transactional due diligences.
- Leading interdisciplinary deal teams and coordinate transactions with internal experts, clients, brokers and the wider stakeholder community.
- Helping client managers as well as underwriters to develop specialized knowledge in alternative risk transfer solutions.
Qualifications
- 7+ years of relevant experience preferred in the (re-)insurance sector with a demonstrated track record in executing structured reinsurance, retroactive reinsurance or insurance risk securitization transactions, or an equivalent background in enterprise risk management analytics, actuarial science, insurance corporate finance and financial modelling.
- Bachelor's degree in Mathematics, Actuarial Science, Economics, Business or related field and are ideally a credentialed actuary (ACAS and MAAA).
- Ability to apply sound knowledge in structured reinsurance, or insurance risk securitization transactions, or in a related field.
- Ability to analyze financial statements combined with a prolonged understanding of international accounting and solvency standards as well as capital rating models.
- Prior experience actively managed client and stakeholder relationships.
- Track record in leading project teams or would like to develop in that area.
- Ability to take initiative and produce results.
- Strong interpersonal skills to collaborate effectively with a diverse team.
- Flexibility and willingness to travel - approximately 30% travel under, post-COVID19 conditions.
The base salary range anticipated for this position is $188,000 - $276,200, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. 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. Most candidates will start in the bottom half of the range. We will consider a range of reinsurance and/or relevant insurance experience for this role and the offer will be commensurate with that.
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.
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.