THIS POSITION CAN BE LOCATED REMOTELY IN US.
The Valuation Team reports to the Chief Actuary of Munich and produces reserving and other financial metrics across multiple accounting regimes.
Our mission is to produce forward-looking, accurate and relevant financial information that stakeholders with unique interests use to make decisions.
Valuation produces meaningful financial results which promote expertise throughout the entire organization.
Your job :
You will be a member of the Living Benefits & Group (LB & G) Valuation team, which handles Long Term Care (LTC), Individual Disability (IDI), Group Long Term Disability (GLTD) and Group Life (GL) reporting.
Your primary responsibility is to oversee all valuation aspects of Munich's LTC line of business, including support of new business activities on LTC products.
You will have opportunities to lead ad-hoc projects from other line of business within the valuation team. You will be managing actuarial students and the relationship with external consultants supporting the team.
Modeling :
- Lead the maintenance and execution of the modeling reporting systems
- Review the tools and analysis to understand drivers of financial impacts from inforce data across reporting cycles
- Manage the team through complex business problems and modeling details
Valuation and Financial Reporting :
- Review quarterly valuation and financial reporting results across IFRS, SII and local Stat reporting frameworks, across multiple onshore and offshore entities
- Oversee the preparation of financial projections for strategic and financial planning processes
- Lead the incorporation of new deal activity into the valuation and financial reporting process
Development :
- Set and review valuation assumptions
- Implement strategic plans
- Engage with other departments (e.g. Pricing, ERM, Finance, Data, Biometric) to support risk evaluation and management needs, inforce management actions, deal review and new deal onboarding
Analysis :
- Provide deep analysis of results, and be able to raise important issues
- Review main controls
- Perform analysis of results to evaluate profitability of our business
Reporting & Communication :
- Communicate results to both actuaries and non-actuaries, and work collaboratively across an organization
- Build relationships across a broad range of teams across the US organization and beyond
- Independently assist external reviewers (e.g., auditors)
- Effectively manage internal and / or external resources (e.g. consultants)
Your Profile :
- FSA or Career ASA
- Bachelor's degree
- Valuation or Financial Reporting experience
- Living benefits product knowledge., LTC knowledge preferred
- Modeling experience (e.g. Moody’s AXIS) preferred
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