What are the responsibilities and job description for the Manager & Actuary, Financial Reinsurance position at Munich Re?
Company
Munich Re Life US
Location
New York , United States
The Manager & Actuary provides support to financial reinsurance transactions. Support includes, but is not limited to: marketing, developing, structuring, executing and post –close deal maintenance of financial reinsurance transactions.
Responsibilities:
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.
For New York City based employees, the base salary range anticipated for this position is $172,811 - $191,002, 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.
About
About Munich Re Munich Re Worldwide
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Munich Re Life US
Location
New York , United States
The Manager & Actuary provides support to financial reinsurance transactions. Support includes, but is not limited to: marketing, developing, structuring, executing and post –close deal maintenance of financial reinsurance transactions.
Responsibilities:
- Organize, evaluate and analyze data provided for deals. This will require working with more senior actuaries
- Develop and run deal models and pro-forma financial statement models specific to deals. This will require someone that can model the financial impact of a proposed structure with little supervision
- Assist with creation of marketing materials, proposals, and internal approval memos. This will be a team effort but the individual is expected to compile various input for different people and use his/her own discretion in developing the work product
- Review of legal documents under the guidance of external and internal counsel. Goal is to ensure legal documents are consistent with deal model
- Participate in pricing and structuring discussions with client
- Participate in internal discussions for approvals on deals
- Manage post-close inquiries from client and/or internal stakeholders
- Monitor and analyze on-going information on transactions and provide period reports
- Help develop junior team members to increase the productivity and quality of work and increase the overall team performance
- Bachelor’s degree in actuarial science, mathematics, statistics or other related field
- FSA required
- 5 years of actuarial experience in life insurance/reinsurance industry
- Investment banking or capital markets experience a plus
- Financial modeling experience;
- Solid understanding of life insurance products;
- Strong understanding of financial reporting;
- Ability to understand statutory and GAAP accounting
- Comprehensive Medical Plans
- PTO and Family Leave
- Retirement Savings Plans
- Dental and Vision Plans
- Life and Disability insurance
- Employee Assistance Program
- Adoption Assistance
- Wellness Programs - Calm, WW, SoFI, Virgin Pulse
- Commuter Benefits
- FSA and HSA Plans
- Hospital Indemnity, Critical Illness and Accident Plans
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.
For New York City based employees, the base salary range anticipated for this position is $172,811 - $191,002, 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.
About
About Munich Re Munich Re Worldwide
Follow Us
Privacy Legal Notice Imprint
Salary : $172,811 - $191,002
