Senior Actuarial Associate, IL Pricing at Munich RE

The Senior Actuarial Associate supports the Individual Life business function in pricing new opportunities, reviewing models and assumptions, managing inforce business, and conducting market research.Your JobPricing new opportunitiesManage client initiatives to understand key risks and set appropriate pricesBuild models to analyze profitability of potential dealsSummarize results and communicate to Senior ManagementReview models built by othersManaging Inforce BusinessReview existing business to understand drivers of profitabilityReviewing Models and AssumptionsMaintain model templates and develop tools to improve efficiencyPerform analysis of actuarial assumption updatesConducting Market ResearchPerform research on market trends among clients and competitorsYour ProfileBachelor's degree in Finance, Economics, Risk Management, Mathematics, Accounting3+ years actuarial employment in the life insurance/reinsurance industryASA designation with progress towards FSALife insurance or reinsurance knowledge preferredInsurance or reinsurance pricing knowledge preferredAbility to learn how to efficiently use various software packages (AXIS for pricing, Microsoft Excel, SQL).Ability to communicate output/results effectivelyOur BenefitsComprehensive Medical PlansPTO and Family LeaveRetirement Savings PlansDental and Vision PlansLife and Disability insuranceEmployee Assistance ProgramAdoption AssistanceWellness Programs - Calm, WW, SoFI, Virgin PulseCommuter BenefitsFSA and HSA PlansHospital Indemnity, Critical Illness and Accident PlansAt Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.About Munich ReTogether, 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.For New York City based employees, the base salary range anticipated for this position is $137,446 - $159,148, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role.Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest. Apply Now Save job