Director & Actuary, Long Term Care (LTC) Valuation

About the role

THIS POSITION CAN BE LOCATED REMOTELY WITHIN US.

Responsibilities

• Own LTC valuation results and deliverables across all reporting frameworks.
• Oversee external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Own the LTC-specific quarterly and annual closing process ensuring a robust control and evidence documentation process is in place.
• Support assumption development, validation, documentation, and audit/regulatory engagement.
• Oversee LTC financial projections, stress testing, and scenario analysis.
• Set long-term modeling and process improvement goals alongside the Head of Living Benefits.
• Strengthen and ensure adherence to model controls: input validation, automated checks, and reproducible workflows.
• Prepare LTC projections for reforecasts, annual plan, ORSA-aligned scenarios, stress testing, and capital analysis.
• Key valuation contact with Pricing and other Corporate Actuarial colleagues on onboarding new LTC deals into valuation.
• Partner with senior stakeholders on LTC risk, capital, and growth strategy.
• Communicate results to both actuaries and non-actuaries, and work collaboratively across Munich Re.
• Manage and develop internal actuarial students and work with and steer priorities of external resources (e.g. consultants).

Qualifications

• FSA required.
• 7+ years of actuarial experience.
• Living benefits pricing or valuation experience preferred.
• Modeling experience preferred.
• Proven people management and stakeholder communication skills.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and stakeholder management abilities.
• Experience with multiple valuation frameworks (IFRS 17, US Statutory, Solvency II).
• Proficiency in Excel, VBA, and other relevant software tools.

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.
• 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).

Pay

Details on pay are not specified in this posting.

Schedule

Details on schedule are not specified in this posting.

Equal Opportunity Employer

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.