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Actuary, Individual Life Pricing

Munich American Reassurance Company

This is a Full-time position in Atlanta, GA posted March 29, 2021.

nnMunich Re Life US aspires to be the premier reinsurance business partner that delivers exceptional value to our clients and stakeholders.

As the US-based life subsidiary of one of the world’s largest reinsurance companies, we are the industry leader in delivering world-class service and solutions to many of the most recognized insurance companies around the globe.

We offer a highly competitive total compensation package that rewards hard work and success.

nn nn n nn nnMunich Re Life US is currently seeking an Actuary in the Individual Life Pricing Department.

This person will be part of a dynamic team responsible for developing traditional Individual Life reinsurance business solutions.nn nn n nn nn Your Job: nn nn n nn Evaluate reinsurance opportunities.

The successful candidate will be able to use sound actuarial principles within our pricing framework to develop reinsurance solutions for our clients.

The incumbent must be able to understand client’s reinsurance needs, set assumptions and be able to defend them upon review, and determine an appropriate price in given our profit targets and the client’s needs.

Work with marketing representatives on pricing terms for existing business.

This will require an understanding of the initial pricing analysis and current client situation.

Assist marketing representatives and treaty staff on treaty terms.

This will require an understanding of reinsurance structures and treaty provisions, and an ability to collaboratively work with key stakeholders to align risk tolerance and standards.

Discuss and collaborate with internal stakeholders a deal’s pricing terms, conditions, and assumptions.

Meet with and discuss key risks with clients to align pricing and risk frameworks.

Ability to communicate and explain technical concepts at a level appropriate for intended audience.

Participate in enhancing pricing methodologies and processes.

This will require an ability to analyze the day-to-day process and the overall quality of the pricing methods, with an eye towards continuous improvement.

nn n nn nn Your Profile: nn FSA Designation 5
– 10 years of experience working as an actuary 2 years experience in individual life reinsurance or individual life pricing Familiarity with actuarial modeling software and MS Office

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