Manager & Actuary, Finance Strategy & Policy

The Finance Strategy Team is a newly created function reporting into the CFO to help support the Company's growth ambitions by providing timely insights into the financial and capital implications of new initiatives. The Manager & Actuary is responsible for the execution and delivery of actuarial work supporting complex and large reinsurance transactions supported by a team of actuarial students. The role supports the daytoday actuarial coordination and analysis for assigned transactions, from onboarding through early inforce reporting, ensuring actuarial deliverables are accurate, timely, and aligned with actuarial, accounting, local regulatory and governance requirements.

The Manager & Actuary will also own the capital management analysis, including the local entities' capital planning deliverables to the group and ongoing monitoring of the various entities' local capital positions. This role is ideal for a quick learner that likes to problem solve and drive solutions. In this role you will obtain insights into various reporting bases (IFRS, Solvency II, U.S. Statutory, Bermuda Solvency Capital Requirement), lines of business, and reinsurance structures.

Key Responsibilities

Transaction Onboarding & Execution

• Lead actuarial execution workstreams for assigned reinsurance transactions during scoping, initial reporting and onboarding to BAU.
• Understand pricing models and assumptions to create valuation analysis to support recommendations to the Chief Actuary.
• Coordinate information across pricing, valuation, reserving, finance, and data teams to ensure readiness for reporting and settlement.
• Maintain dealspecific documentation, timelines, and tracking, identifying and escalating risks or gaps.

Valuation & Financial Reporting

• Apply IFRS and local statutory (US STAT, BSCR) actuarial requirements to new and evolving deal structures, including estimating impact across bases and communicating impacts to leadership.
• Prepare and review actuarial inputs, including best estimate liabilities, cash flow projections, and reserve movements to support initial valuation reporting .
• Support implementation of new solutions into the Corporate Actuarial reporting database.
• Document decisions and maintain consistency across reinsurance transactions.

Assumption Support

• Support Assumption team to analyze pricing assumptions against current valuation view and propose a valuation best estimate.
• Review model outputs and sensitivities, identify issues, and work with valuation teams to resolve discrepancies.
• Ensure alignment between pricing assumptions, valuation models, and reported results for assigned transactions.

Stakeholder & CrossFunctional Coordination

• Act as the primary workinglevel actuarial contact for Corporate Actuarial across Valuation, Central Reporting and Infrastructure teams on assigned transactions.
• Prepare materials and analysis for transaction update meetings and management forums.
• Support responses to internal governance, audit, and stakeholder inquiries related to actuarial treatment and execution.

Process & Team Contribution

• Identify opportunities to improve transaction onboarding, reporting processes, and documentation standards.
• Contribute to Corporate Actuarial initiatives related to standardization, automation, and scalability.
• Manage and mentor team of actuarial students, providing technical guidance, constructive feedback, and support for ongoing professional development.

Qualifications

• Fellow of a recognized actuarial organization (or nearFellow with demonstrated progression).
• Experience in capital reporting, valuation, or large reinsurance transactions.
• Working knowledge of IFRS, SII, and/or statutory (US STAT, BSCR) actuarial concepts.
• Strong analytical, organizational, and stakeholder communication skills.

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).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 6% employer match
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost, including a gym fitness reimbursement.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At 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 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 $179,000 - $198,000, 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.