Munich Re Hiring for Manager & Actuary, Financial Reinsurance Job at New York, NY Full Time

Formed just over 6 years ago, the Financial Reinsurance (FinRe) team has responsibility for marketing, developing, structuring, and executing financial reinsurance deals for our US Life insurance clients and has already generated over $20 billion in transactions for the company. It’s viewed as one of the greatest growth potential areas for the organization and is staffed with an experienced and diverse team, focused on developing innovative and creative solutions for our clients.

Reporting to the VP, Financial Reinsurance, you will provide support to financial reinsurance transactions. This support includes: marketing, developing, structuring, executing and post-close deal maintenance of financial reinsurance transactions.

Your Job

• 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.
• Help create marketing materials, proposals, and internal approval memos. While this is a team effort, you will compile input for different people and help to developing the work product.
• Review 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 and internal stakeholders.
• Analyze ongoing information on transactions and provide period reports.
• Help develop junior team members to increase the productivity and quality of work and increase the team performance.

Your Profile

• Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Risk Management, Finance, Accounting or Engineering.
• 5-7 years of actuarial experience in the life insurance industry, investment banking or capital markets
• FSA or near FSA
• Financial modeling experience
• Solid understanding of life or annuity insurance products
• Understanding of statutory and GAAP accounting
• MS Office skills
• Proficient programming skills
• Ability to learn quickly

About Us

Our Benefits

• 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

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

Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company – that’s among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.As a member of Munich Re’s US operations, we offer the financial strength and stability that comes with being part of the world’s preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The base salary range anticipated for this position is $158,994 to $175,731 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.

Job Type: Full-time

Salary: $158,994.00 – $175,731.00 per year

Benefits:

• 401(k)
• Dental insurance
• Employee assistance program
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• New York, NY 10022: Reliably commute or planning to relocate before starting work (Required)

Work Location: Hybrid remote in New York, NY 10022