Job Description

Corporate Actuarial’s Valuation team produces reserving and other financial metrics across IFRS, Solvency II, and US Statutory frameworks. The mission is to deliver timely, forward-looking, accurate, and actionable financial information for senior management, Finance, auditors, and regulators.

The Director & Actuary is a newly created role reflecting Munich Re Life US’s rapid expansion into the Longevity market. This leader will play a central role in shaping and scaling valuation and financial reporting for the Longevity, Annuities, and Group reinsurance portfolios across IFRS 17, Solvency II, and U.S. Statutory frameworks.  This role manages a team, implements and executes actuarial assumptions and models, improves processes, and delivers reports for management and regulators. The Director also partners in onboarding new deals and provides technical guidance on valuation methods and controls.

Responsibilities

Financial Reporting & Close Ownership

• Prepare quarterly and annual valuations and financial reports for Longevity, Annuities, and Group business across IFRS 17, Solvency II, and US Statutory standards, supporting forecasts and planning.
• Analyze movements and key result drivers, offering clear executive commentary on period changes.
• Deliver timely, accurate, audit-ready valuations with strong Finance system reconciliations.

Model and Assumption Execution

• Manage the maintenance and execution of longevity, annuity, and group valuation models for reporting.
• Apply and  valuation assumptions, ensuring regular review, documentation, impact analysis and approval per internal guidelines and actuarial standards.
• Ensure all reporting complies with regulatory and actuarial standards.

Planning, Forecasting & Business Partnering

• Conduct projection exercises, sensitivities, and scenario analyses for Longevity, Annuities, and Group businesses to aid strategic planning and forecasting.
• Collaborate with Corporate Actuarial, Finance, and business units on planning, capital initiatives, and in-force management actions such as risk transfers and treaty restructures.
• Act as valuation liaison to Pricing, Business Development, Risk Management, and stakeholders for new or renewed treaties in Longevity and Group.

Controls, Process & Governance

• Ensure robust governance and controls for all valuation processes, maintaining thorough documentation and execution records for audits.
• Serve as the main valuation contact for external auditors and regulators on Longevity, Annuities, and Group blocks.
• Enhance valuation controls and analytical review to support transparency and risk management, focusing on reserve movements, assumption changes, and management judgment.

Leadership & Talent

• Lead, mentor, and develop a high-performing actuarial team.
• Set objectives aligned with Corporate Actuarial priorities.
• Foster strong cross-functional collaboration.

Qualifications

• FSA required
• 8+ years of relevant experience in actuarial valuation or financial reporting
• Demonstrated knowledge of IFRS, Solvency II, and US Statutory frameworks
• Understanding of Longevity structures and/or Annuities products is an advantage
• Familiarity with Group insurance products is an advantage
• Strong technical proficiency with actuarial modeling platforms (GGY AXIS or similar) and advanced Excel skills
• Excellent communication skills, with an ability to convey complex actuarial concepts and movements to non-technical stakeholders clearly and succinctly.
• The ability to mentor developing actuaries and coordinate cross-functional initiatives.

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 $185,000 - $258,000, 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.

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