Director & Actuary, Long Term Care (LTC) Valuation

THIS POSITION CAN BE LOCATED REMOTELY WITHIN US. About Corporate Actuarial – Valuation Corporate Actuarial produces reserving and financial metrics across IFRS 17, US Stat/Health, and Solvency II. The team delivers accurate, forward‑looking financial information that supports senior management, Finance, ERM, Pricing, auditors, and regulators. Results from valuation drive thought leadership and informed decision‑making across the organization. The Role You will be a member of the Living Benefits & Group (LB & G) Valuation team, which handles Long Term Care (LTC), Individual Disability (IDI), Group Long Term Disability (GLTD) and Group Life (GL) reporting. The Director & Actuary – LTC Valuation has end-to-end ownership of LTC valuation results and provides strategic leadership across IFRS 17, US Statutory (Health), and Solvency II. You will be managing actuarial students and the relationship with external consultants supporting the team. This role ensures valuation results for LTC supports senior management decision-making and informs external reporting.

Responsibilities

Valuation and Financial reporting

• Own LTC valuation results and deliverables across all reporting frameworks.
• Oversee external consultants and CA colleagues in enhancing and improving the existing valuation process to be faster and more efficient.
• Own the LTC‑specific quarterly and annual closing process ensuring a robust control and evidence documentation process is in place.

LTC Assumptions & Insight.

• Support assumption development, validation, documentation, and audit/regulatory engagement.
• Oversee LTC financial projections, stress testing, and scenario analysis.

Modeling & Process Governance

• Set long-term modeling and process improvement goals alongside the Head of Living Benefits.
• Strengthen and ensure adherence to model controls: input validation, automated checks, and reproducible workflows.

Planning, Forecasting & Strategic Support

• Prepare LTC projections for reforecasts, annual plan, ORSA‑aligned scenarios, stress testing, and capital analysis.
• Key valuation contact with Pricing and other Corporate Actuarial colleagues on onboarding new LTC deals into valuation.

Stakeholder Partnership

• Partner with senior stakeholders on LTC risk, capital, and growth strategy.
• Communicate results to both actuaries and non-actuaries, and work collaboratively across Munich Re
• Effectively manage and develop internal actuarial students and work with and steer priorities of external resources (e.g. consultants)

Your Profile

• FSA required.
• 7+ years of actuarial experience
• Living benefits pricing or valuation experience preferred.
• Modeling experience preferred
• Proven people management and stakeholder communication skills.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• 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).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 6% employer match
• 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, including a gym fitness reimbursement.
• 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.

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. About Munich Re Together, we engage with everything we have and are, to help humankind act braver and better. As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients. Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest. Apply tot his job Apply To this Job