Munich Re

Actuarial Associate

Munich Re$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Near ASA certification with commitment to earning ASA and progressing toward FSA.
  • Minimum 2 years of relevant experience in actuarial roles.
  • Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field.
  • Strong analytical, problem-solving, and organizational skills, with a keen attention to detail.
  • Proficient in Microsoft Office, especially Excel; experience with programming or data analysis (SQL) preferred.
  • Knowledge of life insurance products, including design, features, and risks, preferred.
  • Valuation or financial reporting experience is an advantage.

Responsibilities

  • Assist with regular actuarial valuations and production tasks including data preparation and model support.
  • Ensure timely and accurate deliverables following established procedures and quality controls.
  • Conduct data analysis and quality checks for valuation, reporting, and business needs.
  • Document production processes, assumptions, and data checks clearly.
  • Enhance tools, templates, and processes to increase efficiency and consistency.
  • Support team members with various actuarial projects and audit requests.
  • Foster a collaborative team environment by actively engaging and developing skills.

Benefits

  • Opportunity for continuous learning and professional development within a supportive team.
  • Exposure to a diverse range of actuarial tasks in Living Benefits (IDI and LTC).
  • Potential for future advancement opportunities as you progress through actuarial exams.
Full Job Description
Actuarial Associate - Living Benefits (LB) Valuation

Location: New York, NY

The Role

This role will be a member of the Living Benefits (LB) Valuation team, which handles Individual Disability (IDI) and/or Long Term Care (LTC) reporting.

The Actuarial Associate's primary responsibility is to support actuarial production activities for the Corporate Actuarial team, including valuation support, data analysis, process documentation, and recurring reporting deliverables.

Responsibilities

Production Support and Valuation:
  • Assist with periodic actuarial valuation and production processes, including data preparation, model support, results review, and preparation of recurring reporting materials.
  • Support the team in producing accurate, timely, and well-documented deliverables under established procedures and controls.


Data, Analysis, and Documentation:
  • Perform data analysis and quality checks to support valuation, reporting, assumption review, and ad-hoc business needs.
  • Maintain clear supporting documentation for production processes, assumptions, data checks, and work products.
  • Assist with enhancements to recurring tools, templates, and processes to improve efficiency, consistency, and controls.


Projects and Team Support:
  • Support team members with production tasks, management requests, audit support, and other actuarial projects as needed.
  • Contribute to a collaborative team environment by asking thoughtful questions, learning production workflows, and building actuarial and technical skills over time.


Your profile
  • near ASA and commitment to earning ASA with desire to continue exam progression towards FSA.
  • Minimum 2 years of experience
  • Bachelor's degree in mathematics, quantitative discipline, actuarial science, or related field
  • Strong analytical, problem-solving, and organizational skills, with attention to detail and willingness to learn production processes.
  • Ability to communicate results clearly, manage multiple tasks, and work effectively with team members and business partners.
  • Proficiency with Microsoft Office programs, particularly Excel; programming or data analysis experience (i.e. SQL) is preferred.
  • Life insurance product knowledge including product design, features, and risks preferred
  • Valuation or Financial Reporting experience preferred

About Munich Re

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. The company is headquartered in Munich, Germany. Munich Re operates in all lines of insurance and has a presence in all major markets worldwide. Munich Re's business model is based on the combination of primary insurance and reinsurance under one roof. The company has three business segments: reinsurance, primary insurance, and Munich Health. Munich Re's global premium income amounted to ?54.5 billion in 2020.
Learn more about Munich Re
Size
41,000 employees
Industry

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