Manager & Actuary, Longevity Pricing

About the role

Alternative Solutions Group is a newly established team within Munich Re US Life, dedicated to delivering innovative, customized reinsurance solutions for U.S. Life & Health clients. Our mandate is to address unique and complex needs through creative structures that may include biometric and financial reinsurance, third-party capital, asset management partnerships, and other novel approaches. The fast growing US Longevity Business sits within the Alternative Solution Group, and is a key growth driver for Munich Re’s Global Ambition 2030 strategy.

Responsibilities

• Evaluate longevity reinsurance opportunities which may include pension risk transfer, individual annuities, structured settlements, merger & acquisition, and inforce block transactions.
  • Evaluate transaction material, product information, underwriting processes to establish assumptions and models for reinsurance pricing;
  • Collaborate with biometrics, data analytics, and underwriting to achieve a deeper understanding of biometric risks;
  • Present transaction pricing and risk analysis to senior stakeholders to obtain support and approvals;
  • Continue to build out new framework and value propositions for the evolving US annuity landscape.
• Pricing process improvements thru the continual refinement of tools and templates used in the support of new business pricing;
• Maintain profitability and business performance to create feedback loop for future pricing;
• Lead the pricing and analysis in more technical and complicated projects, ex. mortality table and improvement development, client value prop development.

Qualifications

• FSA required;
• 5+ years of experience in reinsurance, life insurance, or annuity pricing / modelling;
• Relevant experience in financial modelling, assumptions setting, product pricing preferred;
• Experience in direct and/or reinsurance pricing preferred;
• Python and R experience preferred.

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.

Your Benefits

• Competitive Salary;
• Company performance-based Incentives;
• Recognition and Special Rewards;
• Retirement Planning;
• Inclusive Workplace Culture;
• Learning & Development;
• Work-Life-Balance;
• Health & Wellbeing.