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Manager & Actuary
Location:
US-NY-New York
Jobcode:
230
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Manager & Actuary for Munich American Reassurance Company in New York, NY, to build reinsurance pricing model in Moody’s GGY AXIS and run projections, analyze and summarize results (5%); participate in process improvements through the continual refinement of tools and templates used in the support of new business modeling and pricing (5%); support other ad-hoc requests including various data analysis, pricing and modeling tasks and peer reviews (5%); evaluate reinsurance opportunities, including traditional new business reinsurance, mergers & acquisitions, inforce block transactions, insurtech partnerships, and product development and design and price reinsurance transaction solutions, including setting assumptions (20%); evaluate request for proposal (RFP) material, including experience study data, product information and underwriting processes to establish assumptions and models for reinsurance pricing; collaborate with other teams including biometrics, analytics, and underwriting to achieve a deep understanding of key biometric risks (20%); write pricing memos to document reinsurance structure, assumptions, profit metrics, key risks, and key considerations (20%); present pricing results to key stakeholders including marketing actuary, head of pricing, risk management, and senior management to receive approval for transactions (10%); support business development activities by attending and presenting at conferences and client meetings, in addition to preparing marketing materials to demonstrate leading edge expertise in various topics and partnerships; research and evaluate vendors for potential insurtech partnerships (10%); and, monitor profitability and business performance to create feedback loop for future pricing (5%).



Requirements: Bachelor’s degree in Actuarial Science, Finance, Economics, Risk Management, Mathematics, or Accounting (willing to accept foreign education equivalent) plus three years of experience in an actuarial role in the insurance, reinsurance or consulting field. Specific skills/other requirements (quantitative experience not applicable to this section): Demonstrated expertise (DE) building individual life reinsurance pricing models in AXIS; (DE) reviewing and analyzing pricing model output results, including key pricing metrics, model cash flow projections and financial statement results; (DE) using and improving actuarial tools, templates, models and processes; (DE) conceptualizing and implementing actuarial business solutions that meet clients’ needs; (DE) performing actuarial calculations, documenting assumptions and methodologies, as well as preparing and conducting internal or external client presentations using the MS Office suite, including Excel and VBA, Word, and PowerPoint.



Must Possess: Fellow of the Society of Actuaries (FSA) designation. Hybrid role – must report to NYC office 3 days/week. To apply, email resume to mcollier@munichre.com. Reference Position Number: 230.



Salary Range: $195,000.00 - $224,168.00/year

Munich American Reassurance Company
N/A
New York, NY


 
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