Director & Actuary, IL Pricing
New Today
Your Job
Transaction Pricing - work closely with marketing actuaries and head of pricing to evaluate Individual Life reinsurance opportunities which may include traditional reinsurance, merger & acquisition, inforce block transactions, insurtech partnerships, and product development. Specific tasks performed may include:
Evaluating RFP material, product information, underwriting processes to establish assumptions and models for reinsurance pricing;
Collaborating with other teams such as biometrics, analytics, and underwriting to achieve a deep understanding of key biometric risks;
Presenting pricing results to key stakeholders including marketing actuary, head of pricing, risk management, and senior management to receive support for transactions;
In certain transactions, the pricing actuary is also responsible for working with Munich Re’s global functions to establish appropriate off-shore reinsurance solutions;
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;
Special Projects
Support business development activities in preparing material to demonstrate Munich Re’s leading edge expertise in various topics and partnerships;
Lead the pricing and analysis in more technical and complicated projects, ex. post level term pricing framework development, client underwriting change evaluation;
Your Profile
Bachelor’s degree in Finance, Economics, Risk Management, Mathematics, Accounting
7+ years Actuarial employment in the life insurance/reinsurance industry
FSA designation
Direct or reinsurance pricing and product or assumption development experience preferred
Experience working with a modeling software and interpreting results
Excellent communication and presentation skills
Ability to conceptualize and implement business solutions regarding actuarial issues
Technical proficiency – with the ability and interest to learn new skills and successfully transfer existing skills to others in the group.
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
- Location:
- Atlanta
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