Manager & Actuary, Long Term Care (LTC) Valuation

About the role

THIS POSITION CAN BE LOCATED REMOTELY WITHIN US.

Responsibilities

• Key contact and liaison between external consultants working on the valuation of existing LTC business, and other internal stakeholders.
• Help assess, onboard and support quarterly reporting on new LTC transactions.
• Support external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Manage LTC-specific quarterly and annual closing issues, assumptions, corrections, and control evidence.
• Develop and document valuation assumption updates, ensuring alignment with Pricing/ERM and assumption governance.
• Quantify sensitivities and stress tests and support deeper insights and analysis of MARCs LTC business.
• Strengthen model/process controls: input validation, automated checks, and reproducible workflows.
• Ensure LTC model/process changes support Best Estimate reporting, statutory requirements, and emerging deal structures.
• Prepare LTC projections for reforecasts, annual plan, ORSA-aligned scenarios, stress testing, and capital analysis.
• Partner with Pricing and other Corporate Actuarial colleagues on onboarding new LTC deals into valuation.
• Collaborate with Finance, Model development, ERM, Claims, and Data teams.
• Communicate results to both actuaries and non-actuaries, and work collaboratively across Munich Re.
• Effectively manage internal and/or external resources (e.g. consultants).

Requirements

• FSA required
• Bachelor's degree
• Valuation or Financial Reporting experience
• Living benefits/LTC product knowledge preferred
• Modeling experience (e.g. Moody’s AXIS, SQL) preferred

Qualifications

• Experience in actuarial science
• Strong analytical and problem-solving skills
• Excellent communication and stakeholder management skills
• Ability to work independently and as part of a team

Skills

• Knowledge of IFRS 17, US Stat/Health, and Solvency II
• Experience with modeling tools like Moody’s AXIS
• Proficiency in SQL
• Strong understanding of financial reporting and valuation processes

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.