Director & Actuary, IL and Longevity Pricing

About the role

This position will play a significant role in evaluating and pricing new reinsurance transactions in our fast growing individual life and longevity division. Specifically, you will be responsible for evaluating reinsurance opportunities, collaborating internally and externally to establish new partnerships, and helping manage a growing book of multi-line business.

Responsibilities

• Evaluate reinsurance opportunities, collaborating internally and externally to establish new partnerships, and helping manage a growing book of multi-line business.
• Work closely with marketing actuaries and head of pricing to evaluate reinsurance opportunities which may include traditional reinsurance, pension risk transfer, merger & acquisition, inforce block transactions, insurtech partnerships, and product development.
• Evaluate RFP material, product information, underwriting processes to establish assumptions and models for reinsurance pricing.
• Collaborate with other teams such as biometrics, analytics, and underwriting to achieve a deep understanding of key biometric risks.
• Present pricing results to key stakeholders including marketing actuary, head of pricing, risk management, and senior management to receive support for transactions.
• In certain transactions, the pricing actuary is also responsible for working with Munich Re’s global functions to establish appropriate off-shore reinsurance solutions.
• Business Management: Price process improvements through the continual refinement of tools and templates used in the support of new business pricing.
• Monitor profitability and business performance to create feedback loop for future pricing.
• Support business development activities in preparing material to demonstrate Munich Re’s leading edge expertise in various topics and partnerships.
• Lead the pricing and analysis in more technical and complicated projects, such as mortality table and improvement development, client value prop development.

Requirements

• Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
• 8+ years Actuarial employment in the life insurance/reinsurance industry
• FSA designation
• Pricing and product development experience preferred
• Experience working with a modeling software and interpreting results
• Excellent communication and presentation skills
• Ability to conceptualize and implement business solutions regarding actuarial issues
• Technical proficiency – with the ability and interest to learn new skills and successfully transfer existing skills to others in the group.

Qualifications

• Substantial technical expertise and developing knowledge of individual life insurance and annuities

Skills

• Strong analytical and problem-solving skills
• Excellent communication and presentation skills
• Ability to work independently and as part of a team
• Proficiency in modeling software

Benefits

• Comprehensive Medical Plans
• PTO and Family Leave
• Retail 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

Pay

The base salary range for this position is $185,000 to $258,000, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

Schedule

Our schedule is flexible to accommodate the needs of our employees.