Munich Re US | Head of Valuation

Responsibilities

• We are seeking a highly skilled and experienced actuary to serve as Head of Valuation for our US Life Reinsurance business.
• Success in this role requires exceptional communication skills and the ability to build strong working relationships across a broad and varied stakeholder group.
• The role must be able to move seamlessly between providing executive-level analysis and insights for management and engaging directly in the detailed mechanics of valuation models, data, requirements, and results.
• Reporting directly to the Chief Actuary of Munich Re Life US, the Head of Valuation is accountable for the valuation process supporting IFRS 17, Solvency II, and US statutory reporting.
• Oversee quarterly valuation processes across all required reporting frameworks.
• Assess and approve the appropriateness of valuation methodologies under each reporting framework.
• Partner with the Assumption Governance team to maintain and implement valuation assumptions.
• Maintain and enhance the control environment supporting the valuation process.
• Deliver management reporting, financial analysis, and business insights.
• Provide clear, actionable insights to senior management, business leaders, and other stakeholders.
• Review new transactions and pricing analyses to support the effective onboarding of business into valuation processes.
• Support strategic planning, forecasting, and risk assessment.
• Prepare financial projections for strategic and financial planning processes.
• Develop sensitivity analyses to support asset adequacy testing, capital and ORSA assessments, model validation, and other management or regulatory reporting needs.
• Lead the team and support strategic and organizational priorities.
• Lead, develop, and support valuation team members, fostering strong technical capabilities, accountability, and effective collaboration.
• Communicate complex valuation matters effectively to audiences ranging from senior executives and department heads to highly technical modeling, data, and valuation professionals.
• Support external reviews and examinations, including those conducted by auditors and regulators.
• Lead or contribute to strategic initiatives and cross-functional projects affecting valuation and financial reporting.
• Lead valuation across all lines of business, including Individual Life and Life/LTC Combo, Individual Disability, Long-Term Care, Group Life, Group Long-Term Disability, Longevity, and smaller run-off lines such as Annuity and GMDB.
• Define model and data requirements for Model Development and Reinsurance Operations, supporting ongoing maintenance and new model development.
• Produce analysis explaining movements in liabilities and the key drivers of financial results.

Your profile

• At least 10 years of progressively responsible actuarial experience, with significant experience in valuation and financial reporting in Life Insurance or Life Reinsurance industry.
• Demonstrated success leading and developing multi-layered actuarial teams, including managing through senior leaders, establishing clear accountability, and fostering collaboration and technical excellence.
• In-depth knowledge of US statutory valuation requirements, including applicable NAIC guidance and state insurance regulations; knowledge of IFRS 17 and Solvency II is preferred.
• Exceptional communication and stakeholder-management skills, with the ability to convey complex valuation matters clearly and credibly to senior executives, department heads, auditors, regulators, and highly technical team members.
• Strong technical judgment and a willingness to engage in the details of valuation methodologies, models, data, assumptions, controls, and financial results.
• Strong analytical and problem-solving capabilities, with the ability to translate complex technical matters into clear, actionable insights.
• Strong business acumen, with the ability to balance technical considerations, financial reporting requirements, risk, and broader business priorities.
• Proven ability to lead multiple priorities and cross-functional initiatives, exercise sound judgment, and deliver effectively in a fast-paced environment.

Munich Re US

Munich Re US is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions."

Its finance, accounts, audit and tax openings in India are mostly in New York, Princeton, Amelia and Palo Alto.

• Industry: BFSI / Investments / Insurance