Manager & Actuary, Individual Life Production

Munich ReAtlanta, GA
Internship

10 months ago

Description

Job Title

Manager & Actuary in Individual Life ("IL") Production

Job Location

Atlanta, United States

Job Overview

The Production Team reports to the Chief Actuary of Munich and produces reserving and other financial metrics across multiple accounting regimes. Our mission is to produce timely, forward-looking, accurate, and actionable financial information that stakeholders with unique interests use to make decisions. Our stakeholders include senior management, market, auditors, regulators, and beyond. In summary, Production produces meaningful financial results which drive thought leadership throughout the entire organization.

Compensation

Competitive salary based on experience.

Responsibilities

  • Support the maintenance and execution of the modeling reporting system in Moody’s GGY AXIS, as tailored to Munich’s monitoring, reporting, and data production needs.
  • Develop tools and analysis to understand drivers of financial impacts from inforce data across reporting cycles.
  • Prepare periodic valuation and financial reporting results across IFRS, SII, and US Statutory reporting frameworks, across various onshore and offshore entities.
  • Prepare financial projections for strategic and financial planning processes.
  • Provide deep analysis of results and be able to raise key issues.
  • Communicate results to both actuaries and non-actuaries, and work collaboratively across an organization.
  • Build relationships across a broad range of teams across the US organization and beyond.
  • Provide assistance to external reviewers, such as auditors.
  • Set and review valuation assumptions.
  • Monitor experience versus assumptions and develop analysis for use both within and outside of Corporate Actuarial.
  • Assist in the execution of strategic initiatives.

Requirements

  • 5+ years of experience in insurance or reinsurance and actuarial experience.
  • FSA with at least one year of experience post accreditation.
  • Bachelor’s degree in mathematics, quantitative discipline, actuarial science, or related field.
  • Life insurance product knowledge including product design, features, and risks.
  • Valuation and/or financial reporting experience.
  • Previous modeling experience with life insurance products.

We're excited for you to apply!

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INSIGHTS

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Career Paths

People who completed this type of internship end up in the following types of jobs

Top majors

That get hired for this type of internship

  • Mathematics28%

  • Actuarial Science26%

  • Economics10%

  • Statistics5%

  • Management Science5%

  • 124 other majors24%

People who did this kind of internship end up at the following companies

  • Towers Watson
  • Mercer
  • Liberty Mutual Insurance
  • AON
  • Milliman
Estimated Monthly Living Expenses

For Atlanta, GA | $3,272/mo

  • Housing/Rent$1,410

  • Miscellaneous$889

  • Food$432

  • Transportation$276

  • Utilities$265

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