ResponsibilitiesTransaction Pricing - work closely with Head of Alternative Solutions to evaluate longevity reinsurance opportunities which may include pension risk transfer, individual annuities, structured settlements, merger & acquisition, and inforce block transactions. Specific tasks performed may include:
- Evaluating transaction material, product information, underwriting processes to establish assumptions and models for reinsurance pricing;
- Collaborating with biometrics, data analytics, and underwriting to achieve a deeper understanding of biometric risks;
- Presenting transaction pricing and risk analysis to senior stakeholders to obtain support and approvals.
- Continue to build out new framework and value propositions for the evolving US annuity landscape.
Business Management
- Pricing process improvements thru the continual refinement of tools and templates used in the support of new business pricing;
- Monitor profitability and business performance to create feedback loop for future pricing;
- Lead the pricing and analysis in more technical and complicated projects, ex. mortality table and improvement development, client value prop development;
Strategic Planning & Growth:
- Monitor industry trends, evaluate competitive dynamics, and research new product & markets for growth opportunities.
- Partner with senior leadership to define growth priorities and execute key strategic initiatives.
- Support business development activities in preparing material to demonstrate Munich Re's leading edge expertise in various topics and partnerships;
Qualifications- FSA required
- 5+ years of experience in reinsurance, life insurance, or annuity pricing / modelling.
- Relevant experience in financial modelling, assumptions setting, product pricing preferred.
- Experience in direct and/or reinsurance pricing preferred.
- Python and R experience preferred.
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.
For New York City based employees, the base salary range anticipated for this position is $183,000 to $203,000, 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.
