Manager and Actuary, Alternative Solutions

Manager & Actuary, Alternative Solutions

Alternative Solutions Group is a newly established team within Munich Re US Life, dedicated to delivering innovative, customized reinsurance solutions for U.S. Life & Health clients. Our mandate is to address unique and complex needs through creative structures that may include biometric and financial reinsurance, third-party capital, asset management partnerships, and other novel approaches. The fast growing U.S. Longevity Business sits within the Alternative Solutions Group and is a key growth driver for Munich Re's Global Ambition 2030 strategy.

This individual contributor role will focus on developing new solutions across both longevity and structured reinsurance. The primary focus will be longevity pricing, transaction analytics, and client value proposition development; the secondary focus will be structured reinsurance transaction support, including customized block, sidecar, asset-intensive, and financial reinsurance solutions. The role will also have flexibility to contribute to a range of research and development initiatives across business units, supporting new product concepts, pricing methodologies, partnership models, and analytical frameworks.

Responsibilities

Longevity Pricing and Solution Development - work closely with the Head of Alternative Solutions to evaluate longevity reinsurance opportunities, build pricing capabilities, and develop new value propositions for the U.S. longevity market. Specific tasks may include:

• Evaluate longevity reinsurance opportunities, including pension risk transfer, individual annuities, structured settlements, mergers and acquisitions, and inforce block transactions, using transaction materials, product information, data, and underwriting processes to establish assumptions and pricing models.
• Develop and enhance pricing frameworks, tools, templates, and assumptions by collaborating with biometrics, data analytics, underwriting, and other experts to translate biometric insights into transaction pricing and risk analysis.
• Advance new longevity solutions and client value propositions through technical research and analysis, including mortality table development, mortality improvement analysis, profitability monitoring, and feedback loops for future pricing.

Structured Reinsurance and Transaction Support - support the evaluation, structuring, pricing, and execution of customized reinsurance transactions with a focus on practical, scalable solutions for client needs. Specific tasks may include:

• Support the analysis of block reinsurance, sidecar, capital, and financial reinsurance opportunities, including due diligence, valuation, financial modeling, and transaction economics.
• Lead ALM analysis, capital structure evaluation, financial projections, and assessment of U.S., Bermuda, and Solvency II regulatory and economic capital considerations.
• Prepare transaction approval materials and collaborate with actuarial, finance, legal, operations, asset management, and regulatory partners to support documentation, submissions, implementation, and stakeholder communication.

Research, Development, and Cross-Business Unit Initiatives - contribute to innovation across Alternative Solutions and other business units by helping identify, test, and develop new reinsurance solutions. Specific tasks may include:

• Contribute to research and development initiatives across business units, including new product concepts, pricing methodologies, partnership models, and analytical frameworks for longevity and structured reinsurance.
• Monitor industry trends, competitive dynamics, emerging products, and new markets to identify opportunities for strategic growth and differentiated client solutions.
• Support business development efforts by preparing materials that demonstrate Munich Re's expertise in longevity, structured reinsurance, asset-intensive solutions, and other customized reinsurance topics.

Qualifications

• FSA required.
• 5+ years of experience in reinsurance, life insurance, annuity pricing, actuarial modeling, or transaction analysis.
• Relevant experience in financial modeling, assumptions setting, product pricing, direct or reinsurance pricing, ALM, structured reinsurance, block reinsurance, sidecar transactions, or corporate development preferred.

Strong analytical and communication skills, with the ability to translate complex actuarial, financial, and transaction analysis into clear business recommendations; Python and R experience preferred