AVP & Actuary, Chief Pricing Office

Role Overview

The Role Overview (AVP) is designed for those serving as a senior leader and key owner of CPO standards, bringing independent actuarial judgment, governance leadership, and strategic influence across the most material and complex transactions.

Responsibilities

• Pricing Frameworks, Assumptions & Governance
• Develop, maintain, and enforce enterprise pricing frameworks across business lines
• Own and evolve standard pricing assumptions reflecting experience, market conditions, and emerging risks
• Education and support of pricing teams on best practices and consistent application of pricing concepts
• Embed new methodologies, underwriting techniques, and governance standards into pricing processes
• Deal Review & Oversight
• Review and challenge pricing for transactions meeting defined materiality, complexity, or risk thresholds
• Engage early in the deal lifecycle to provide guidance on go/no-go decisions, structure, and assumptions
• Opine on the appropriateness of pricing and escalate concerns in line with CPO governance
• Partner with business lines to balance commercial objectives with disciplined risk-adjusted returns
• Monitoring, Analytics & Feedback
• Support development and use of KPIs and monitoring metrics to assess pricing performance
• Analyze underperforming blocks or transactions and identify remediation actions
• Identify trends and deviations in pricing results and drive updates to frameworks or assumptions
• Collaboration & Leadership
• Act as a trusted advisor to Pricing, Valuation, Finance, ERM, and senior business leadership on risk/return trade-offs and pricing governance
• Lead cross-functional forums to drive alignment and adoption of CPO standards, while maintaining appropriate independence and challenge
• Mentor and develop actuarial talent across the pricing community; elevate technical capability and best practices
• Represent the CPO in governance discussions and influence decisions on high-impact transactions and methodology changes

Qualifications

• FSA designation required
• 10+ years of actuarial experience with a strong focus on pricing and valuation
• Strong understanding of core pricing concepts, profitability metrics, and risk trade-offs
• People management experience preferred
• Demonstrated knowledge and expertise in one or more of the following lines of business:
• Retail Life and Annuity products
• Pension Risk Transfer (PRT)
• Financial Reinsurance
• Group Life and Long-Term Disability (LTD)
• Disability Income (DI) and/or Long-Term Care (LTC)
• Strong analytical judgment with the ability to operate at both technical and strategic levels
• Ability to clearly communicate complex concepts and influence stakeholders across functions
• Prior experience operating within a pricing governance, review, or second-line oversight function
• Exposure to complex or bespoke transaction structures and non-standard deal features
• Experience partnering with ERM, Finance, Valuation, or senior underwriting leadership

Benefits

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary
• Short and Long-Term Disability coverage
• Safety and Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 6% employer match
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• Paid time off to volunteer in your community
• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement
• Tuition assistance and educational achievement bonuses
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

We thank all candidates for their interest.