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Munich Re · 13 hours ago

Actuarial Manager Sr

NYC Metro Area

Full-time

Onsite

Senior Level

$200K/yr - $296K/yr

5+ years exp

Munich Re is a leading insurance and reinsurance company, seeking to hire an Actuarial Manager Sr to lead their Reserving Transformation and Operations team. This role involves managing a team responsible for loss reserve analyses, ensuring compliance with actuarial standards, and driving process improvements in reserving operations.

FinanceInsuranceInsurTechRisk Management

Comp. & Benefits

H1B Sponsor Likely

Responsibilities

Lead and develop a team, managing the reserving operations and financial closes, while fostering a high‑performance and learning‑oriented culture

Set a vision and execution standards for reserving, closing, and reporting cycles, ensuring a robust governance and audit readiness for all reserving operations and controls

Act as liaison with Global Reserving Teams, CFO, IRM, Audit, Accounting, Financial Reporting, Planning & Expense Team and other key stakeholders to ensure alignment and transparency

Coordinate financial close activities, including cession QA, booking hand‑offs, and retro modeling, in partnership with Finance and Accounting

Support Annual Statement Reporting and Schedule P Process in close collaboration with other responsible FMR teams

Quarterly Financial Reporting of Underwriting Results under Statutory Reporting standards, focusing on a technical sound analysis of underlying business drivers for the CFO

Planning and oversight of the Reserve Review Process, ensuring excellent quality and compliance to actuarial standards of practice, as well as group reserving policy

Maintain current knowledge of trends in actuarial methods, reserving systems, and technology; recommend solutions that balance cost and risk, while facilitating know-how transfer across the various operational Reserving teams

Lead transformation projects and system integrations to drive process simplification and automation initiatives. Champion continuous improvement and efficiency gains, partnering with global reserving and finance teams

Qualification

Actuarial methodologiesFinancial reportingLeadership skillsProject managementData analyticsBI softwareSQLChange managementSolution-oriented mindsetCommunication skillsInterpersonal skillsTeam management

Required

Bachelor's degree in mathematics, actuarial science or a similar qualification with a strong quantitative focus

Proven leadership, communication and interpersonal skills

Several years of managerial or supervisory experience in an actuarial role (e.g. Reserving, Pricing, Risk Management, Underwriting, Controlling, Data Analytics) in the Property/Casualty Insurance Industry

Strong knowledge of (re)insurance, as well as accounting, finance and financial reporting

Extensive knowledge of actuarial methodologies, processes, systems and data structures, with applicability towards (re)insurance operations

In depth working knowledge of BI software, statistical programming languages, design of data structures and database tools (such as TM1, SQL, SSAS or similar)

Strong project management, process optimization and change management skills and experience

Excellent analytical skills together with a solution-oriented mindset

Solid knowledge of non-life reserving, and strong background on financial reporting, with experience in the valuation according to IFRS 17 and/or Solvency II

Ability to present complex issues to non-actuaries and to be comfortable and credible in terms of meeting with senior management and the Board

Strong project management, process optimization and change management skills and experience

Preferred

Masters or MBA preferred

FCAS (or comparable actuarial society) credentials preferred

Benefits

Health insurance coverage

An employee wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays

Paid time off (PTO)

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)

A robust 401k plan with up to a 5% employer match

A retirement savings plan that is 100% company funded

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

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

Company

Munich Re

Glassdoor4.2

Munich Re is an insurance company that provides reinsurance, insurance, and risk solutions.

Founded in 1980

Munich, Bayern, DEU

10001+ employees

https://www.munichre.com

H1B Sponsorship

Munich Re has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2025 (4)

2024 (7)

2023 (3)