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Munich Re is a global reinsurance company based in Germany. Established in 1880, it is one of the world's largest reinsurers. Munich Re provides risk transfer and risk management solutions to insurance companies and clients worldwide. With a strong focus on technical expertise and innovation, it plays a vital role in supporting the insurance industry and managing complex risks.

Munich Re

Actuary SrCompany: Munich Re America ServicesLocation: Princeton, United StatesWe are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.The OpportunityFuture focused and always one step ahead!We’re looking to hire a Senior Actuary to enrich the MR-AS Corporate Reserving Team.The responsibility of Corporate Reserving is to use quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This includes continuous monitoring of the reserve position, and the further development of actuarial methods, the underlying systems, and tools.Additional responsibilities include the assessment of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP, and Statutory standards.Responsibilities<ul><li>Leading the actuarial analyses and closing for the business written by Next Insurance and consequently assumed into the MRAm pool.</li><li>Ensuring smooth processes and managing the relationship with actuarial teams across Munich Re Group stakeholders.</li><li>Collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of Munich Re Group.</li><li>Communicating and acting as an interface in Corporate Reserving for Central Reserving (Group), FMR, NEXT Insurance, and ERGO Group.</li><li>Developing these interfaces into trusted relationships and aligning different interests in a complex organization.</li><li>Completing actuarial analyses which may include ultimate loss projections, monitoring of loss development, quantitative and qualitative portfolio analysis, and research projects.</li><li>Ensuring quarterly and annual internal as well as external closing and reporting processes for Next Insurance business work smoothly and are concluded with a very high quality.</li><li>Achieving integral collaboration with the NEXT and ERGO teams to ensure a deep understanding of the markets, ensuring consistent approaches and full transparency of reserving insights across the different stakeholders.</li><li>Providing reserving perspectives to enable informed strategic business decisions.</li></ul>Qualifications<ul><li>Bachelor’s degree in economics, mathematics, actuarial science, or a similar qualification with a strong quantitative focus; Masters or MBA preferred.</li><li>ACAS or FCAS (or comparable credential) preferred.</li><li>Experience in non-life (re)insurance, including reserving, pricing, underwriting, risk management, accounting, reporting, and/or controlling or similar disciplines.</li><li>Excellent quantitative and analytical skills with emphasis on practical application.</li><li>Strong leadership and interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences.</li><li>Familiarity with IFRS17, Solvency II, US GAAP, and Statutory standards.</li><li>Project management, process optimization, and change management experience.</li><li>Experience with insurance-related databases and data warehouses is an advantage.</li></ul>The Company is open to considering candidates in numerous locations, including Princeton and NYC. The salary range posted below applies to the Company’s NYC location.The base salary range anticipated for this position in NYC is $197,900 - $290,300 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays, and paid time off (PTO).The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.At Munich Re, we see Diversity, Equity, 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.

Actuary SrCompany: Munich Re America ServicesLocation: Princeton, United StatesWe are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.The OpportunityFuture focused and always one step ahead!We’re looking to hire a Senior Actuary to enrich the MR-AS Corporate Reserving Team.The responsibility of Corporate Reserving is to use quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This includes continuous monitoring of the reserve position and the further development of actuarial methods, the underlying systems, and tools.Additional responsibilities include the assessment of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP, and Statutory standards.Responsibilities<ul><li>Lead the actuarial analyses and closing for the business written by Next Insurance and consequently assumed into the MRAm pool.</li><li>Ensure smooth processes and manage the relationship with actuarial teams across Munich Re Group stakeholders.</li><li>Collaborate in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of Munich Re Group.</li><li>Communicate and act as an interface in Corporate Reserving for Central Reserving (Group), FMR, NEXT Insurance, and ERGO Group.</li><li>Develop trusted relationships and align different interests in a complex organization.</li><li>Complete actuarial analyses which may include ultimate loss projections, monitoring of loss development, quantitative and qualitative portfolio analysis, and research projects.</li><li>Ensure quarterly and annual internal as well as external closing and reporting processes for Next Insurance business work smoothly and are concluded with a very high quality.</li><li>Achieve integral collaboration with the NEXT and ERGO teams to ensure a deep understanding of the markets.</li><li>Ensure consistent approaches and full transparency of reserving insights across the different stakeholders.</li><li>Provide reserving perspectives to enable informed strategic business decisions.</li></ul>Qualifications<ul><li>Bachelor’s degree in economics, mathematics, actuarial science, or a similar qualification with a strong quantitative focus; Masters or MBA preferred.</li><li>ACAS or FCAS (or comparable credential) preferred.</li><li>Experience in non-life (re)insurance, including reserving, pricing, underwriting, risk management, accounting, reporting, and/or controlling.</li><li>Excellent quantitative and analytical skills with emphasis on practical application.</li><li>Strong leadership and interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences.</li><li>Familiarity with IFRS17, Solvency II, US GAAP, and Statutory standards.</li><li>Project management, process optimization, and change management experience.</li><li>Experience with insurance-related databases and data warehouses is an advantage.</li></ul>The Company is open to considering candidates in numerous locations, including Princeton and NYC. The salary range posted below applies to the Company’s NYC location.The base salary range anticipated for this position in NYC is $197,900 - $290,300 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays, and paid time off (PTO).The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.At Munich Re, we see Diversity, Equity, 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.

ActuaryCompany: Munich Re America ServicesLocation: Princeton, United StatesWe are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive.The OpportunityFuture focused and always one step ahead!We’re looking to hire one Actuary to enrich our Global Clients/North America United States (GC/NA US) Business Unit Reserving team within Corporate Reserving.The responsibility of Corporate Reserving is to use quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This involves continuous monitoring of the reserve position and the further development of actuarial methods, the underlying systems, and tools to support this.Additional responsibilities include the assessment of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP, and Statutory standards.Responsibilities<ul><li>Collect, analyze, and interpret financial data to inform business decisions and drive process improvements.</li><li>Develop and maintain complex financial models and forecasts using Microsoft Excel.</li><li>Create reports, dashboards, and visualizations using Microsoft Power BI to communicate financial insights to stakeholders.</li><li>Collaborate with cross-functional teams to identify business needs and develop solutions.</li><li>Develop and maintain financial metrics, KPIs, and benchmarks to measure performance and identify areas for improvement.</li><li>Analyze and resolve financial discrepancies and anomalies.</li><li>Develop and deliver regular financial updates and insights to senior management through presentations using Microsoft PowerPoint.</li><li>Stay up to date with industry trends, new technologies, and emerging best practices in financial analysis and planning.</li></ul>As part of the GC/NA Reserving team, your role is to become a strategic partner with our business unit utilizing actuarial know-how while broadening and deepening portfolio knowledge accompanied with market trends to provide business insights to support profitable growth.This partnership must be developed while maintaining objective ownership of the balance sheet strength of Munich. In addition, you will provide analytic support to more senior actuarial roles within Corporate Reserving in various analyses providing many opportunities for mentoring.YOUR JOB<ul><li>Collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of the Munich Re Group.</li><li>Establishing key relationships with the GC/NA Business Unit to create a trusting environment that facilitates open and honest communication.</li><li>Communicating and acting as an interface between Corporate Reserving and the GC/NA Business Unit team, Global Reserving team, as well as Controlling, Planning, Accounting, and Claims staff locally and globally.</li><li>Performing actuarial analyses including reserve review, actual vs. expected comparisons, and focused portfolio analyses.</li><li>Performing quality assurance, analysis, and reporting of IFRS17 data and results.</li><li>Enhancing reserve analyses by working with the business unit to understand strategy, portfolio performance, and trends within the marketplace.</li><li>Participating and creating actuarial presentations and presenting results/topics to both actuarial and non-actuarial audiences, including management.</li><li>Providing the business unit understanding and insight into their results due to the combined impact of their strategy, portfolio performance, external factors, and reserving decisions.</li><li>Building trusted relationships and aligning different interests in a complex organization.</li></ul>Qualifications<ul><li>Bachelor’s degree in mathematics, actuarial science, economics, business, or a related field requiring modeling, programming, or quantitative analysis.</li><li>Six+ years of (re)insurance/actuarial experience, including reserving, pricing, underwriting, risk management, accounting, reporting, and/or controlling or similar disciplines.</li><li>Membership in the Casualty Actuarial Society and in the American Academy of Actuaries. The equivalent credentials for international candidates will be considered.</li><li>Excellent quantitative and analytical skills with emphasis on practical application.</li><li>Effective oral and written communication skills, including the ability to explain technical concepts to non-technical audiences.</li><li>Good time management and organizational skills including managing conflicting priorities and completing multiple tasks and projects.</li><li>Strong project management, process optimization, and change management skills.</li><li>Experience with insurance-related databases and data warehouses preferred.</li></ul>At Munich Re, we see Diversity, Equity, 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.

Actuary SeniorCompany: Munich Re America ServicesLocation: Princeton, United StatesWe’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.The OpportunityWe are looking to hire a Senior Actuary to support the Global Clients/North America (GC/NA) US Reserving team in FMR Corporate Reserving.The responsibility of Corporate Reserving is to use quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This involves continuous monitoring of the reserve position and the further development of actuarial methods, the underlying systems, and tools to support this.Additional responsibilities include the assessment of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP, and Statutory standards.As part of the GC/NA US Reserving team, your role is to act as a liaison between Corporate Reserving and a GC/NA US Business Unit team lead. You will provide guidance to actuaries with similar tasks and review larger industry events, such as Asbestos and Environmental liabilities, and other Munich Re identified global events.In this highly visible role, you will collaborate closely with various stakeholders, including Business Unit Reporting Unit Leads, Accounting, Claims, and the CFO.Responsibilities:<ul><li>Collaborate in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of Munich Re Group.</li><li>Communicate and act as an interface between Corporate Reserving and the Global Reserving team, Business Unit Production teams, Accounting, and Claims staff locally and globally. Develop these interfaces into trusted relationships and align different interests in a complex organization.</li><li>Provide guidance and training for actuaries and analysts, while helping them formulate development opportunities.</li><li>Complete actuarial analyses which may include ultimate loss projections, monitoring of loss development, quantitative and qualitative portfolio analysis, and research projects. Lead projects/analyses requiring multiple resources including those who are not direct reports.</li><li>Participate and create actuarial presentations and present results/topics to both actuarial and non-actuarial audiences, including management.</li><li>Achieve integral collaboration with assigned GC/NA businesses to ensure a deep understanding of the markets by reserving actuaries, ensuring full transparency of reserving insights for the business units, and providing reserving perspectives to enable informed strategic business decisions.</li></ul>Successful candidates will possess the following experience, skills, and capabilities:<ul><li>Bachelor’s degree in mathematics, actuarial science, economics, business, or related field requiring modeling, programming, or quantitative analysis.</li><li>Six+ years of (re)insurance/actuarial experience, including reserving, pricing, underwriting, risk management, accounting, reporting, and/or controlling or similar disciplines. Experience in casualty lines preferred.</li><li>Membership in the Casualty Actuarial Society and in the American Academy of Actuaries. The equivalent credentials for international candidates will be considered.</li><li>Strong project management, process optimization, and change management skills including the ability to coordinate and direct resources outside the department.</li><li>Strong interpersonal skills with the ability to influence and negotiate with others and create acceptance for proposals.</li><li>Effective oral and written communication skills, including the ability to explain technical concepts to non-technical audiences.</li><li>Good time management and organizational skills including managing conflicting priorities and completing multiple tasks and projects.</li><li>Excellent quantitative and analytical skills with emphasis on practical application.</li><li>Experience with insurance-related databases and data warehouses.</li></ul>At Munich Re, we see Diversity, Equity, 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.Apply now!

Corporate Reserving Actuarial InternCompany: Munich Re America ServicesLocation: Princeton, United StatesThe CompanyMunich Re US (MR US) offers the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive.We address the key challenges of the future in the US property/casualty reinsurance market. As a leading reinsurer, we deal with the issues that affect business and society and work to devise risk management and risk transfer solutions.The OpportunityThe Corporate Reserving Actuarial Intern will work closely with other Actuarial Associates and Actuaries within their respective teams, as well as with other key individuals across the department. The interns will gain an understanding of the fundamentals of reinsurance and the various functions of a reserving department.This internship is being offered in Princeton, NJ or New York City, NY.Responsibilities:<ul><li>Review segment analysis, technical checks of actuarial analyses, large loss research, loss development pattern selections.</li><li>Support the development of quarterly monitoring and presentations.</li><li>Work closely with an Actuary on a project including review segment analysis and technical checks.</li><li>Deliver an end-of-internship presentation to the department.</li></ul>Job Requirements:<ul><li>Open to all undergraduate and graduate students.</li><li>Preferred majors: Actuarial Science, Data Science/Analytics, Economics, Mathematics, Risk Management, Statistics. Also accepting: Accounting, Chemistry, Computer Science, Engineering, Law, Physics or any other STEM major.</li><li>Successful completion of one CAS/SOA exam is preferred.</li><li>Excellent communication skills – spoken & written, formal/informal presentation.</li><li>Currently pursuing an Undergraduate or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing.</li><li>Demonstrates leadership qualities – clear-thinking, curiosity, integrity, and drive.</li><li>Enthusiasm about learning new knowledge and working in the reinsurance industry.</li><li>Proficient Microsoft Excel skills.</li></ul>The NYC pay has a base range of $22.00-$33.00 per hour. The hourly estimate displayed represents the typical hourly range for candidates hired in this position in NYC.At Munich Re, we see Diversity, Equity 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 are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Actuary SeniorCompany: Munich Re America ServicesLocation: Princeton, United StatesWe are open to this position sitting in Princeton, NJ or New York City.We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The Company:As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand.Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages to niche and specialty reinsurance and insurance products.The Opportunity:In this highly visible role, you will collaborate closely with various stakeholders, e.g. Corporate Accounting, FP&A, Global Reserving.As the lead actuary of the Munich Re America Services IFRS 17 team, you will have a dedicated virtual team to support you.Responsibilities:<ul><li>Collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of Munich Re Group</li><li>Communicating and acting as an interface between Corporate Reserving and the Global Reserving team, Controlling, Accounting, and Claims staff locally and globally</li><li>Provide guidance and training for actuaries and analysts, while helping them formulate development opportunities</li><li>Driving automation and complexity reduction and transitioning towards new ways of collaboration</li><li>Be a change agent to help business stakeholders understand IFRS 17 results and present results to senior executives</li><li>Contributing to quarterly and annual, internal as well as external (Statutory, US GAAP, Solvency II and IFRS17) reporting and closing with regards to the non-life reinsurance business</li><li>Building trusted relationships and aligning different interests in a complex organization</li></ul>Qualifications:Successful candidates will possess the following experience, skills, and capabilities:<ul><li>Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Business or related field requiring modeling, programming, or quantitative analysis</li><li>ACAS or FCAS (or comparable credential) preferred</li><li>7+ years of actuarial experience</li><li>Experience in non-life (re)insurance (applicable experience can include reserving, pricing, underwriting, risk management, accounting, reporting and/or controlling or similar disciplines)</li><li>Familiarity with IFRS17, Solvency II, US GAAP, and Statutory standards</li><li>Strong project management, process optimization and change management skills</li><li>Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Excellent quantitative and analytical skills with emphasis on practical application</li><li>Experience with insurance-related databases and data warehouses</li><li>Experience in SAS, SQL, R, TM1, and/or Python</li></ul>The base salary range anticipated for this position is $193,100 - $283,100 plus opportunity for company bonus based upon a percentage of eligible pay.In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).At Munich Re, we see Diversity, Equity 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.

ActuaryCompany: Munich Re America ServicesLocation: Princeton, United States*We are open to this position being located in Princeton, NJ or New York City.We’re adding to our diverse team of experts and are looking to hire an Actuary to enrich our Transformation, Operations and Processes team within Corporate Reserving.The responsibility of Corporate Reserving is to use quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This includes continuous monitoring of the reserve position, and the further development of actuarial methods, the underlying systems, and tools. Additional responsibilities are the assessment and quantification of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, local GAAP and Statutory standards.As part of the Transformation, Operations and Processes team, your role is to support our business unit reserving teams with actuarial know-how, shape the processes and systems that are used for reserving and act as an interface between all local and global finance functions within Munich Re.YOUR JOB<ul><li>Collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of Munich Re group</li><li>Organizing or participating in reserve reviews performed for the Munich Re America Pooled Companies, which includes evaluation of reserves for selected portfolios based on actuarial methods</li><li>Driving automation and complexity reduction as well as the transition towards new ways of collaboration</li><li>Creating new, modifying & enhancing existing applications, methods and systems in collaboration with global reserving, business units and IT</li><li>Performing actuarial analyses (actual vs. expected comparisons, automated reserving calculations, business segmentation)</li><li>Working in depth with and preparation/visualization of actuarial data, to facilitate decisions and processes</li><li>Communicating and acting as an interface between Corporate Reserving and the Global Reserving team, as well as Controlling, Accounting and Claims staff locally and globally</li><li>Contributing to quarterly and annual, internal as well as external (Statutory, GAAP, and IFRS17) reporting and closing with regards to the non-life reinsurance business</li><li>Building trusted relationships and aligning different interests in a complex organization</li></ul>YOUR PROFILE<ul><li>Bachelor’s degree in economics, mathematics, actuarial science or a similar qualification with a strong quantitative focus; Masters or MBA preferred</li><li>FCAS (or comparable actuarial society)</li><li>Experience in non-life (re)insurance (applicable experience can include reserving, pricing, underwriting, risk management, controlling or similar disciplines)</li><li>Excellent quantitative and analytical skills with emphasis on practical application</li><li>Experience with insurance-related databases and data warehouses preferred</li><li>Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences</li><li>Strong project management, process optimization and change management skill</li></ul>The base salary range anticipated for this position is $150,300 to $220,400, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).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.Apply now! Apply for this Job!

Associate ActuaryCompany: Munich Re AmericaLocation: New York, United StatesWe will consider candidates in New York, NY, Princeton, NJ, Philadelphia, PA or Hartford, CT.We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re Specialty - North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.Munich Re Specialty - North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.The OpportunityAre you ready for a new challenge? We are looking to hire a lead pricing actuary for the Mobility/Innovation business unit of MRSNA. This individual will support profitable growth across tech-enabled commercial auto, autonomous vehicles, and mobility-as-a-service insurance products.Key Responsibilities of this position include:<ul><li>Support the multi-year transformation from legacy to modern, modular, cloud-based pricing tools.</li><li>Partner with actuarial colleagues, IT, Operations, and Underwriting to develop our next-generation pricing capabilities.</li><li>Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.</li><li>Identification of data issues requiring specialized actuarial attention</li></ul>Job Requirements:<ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>4+ years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.</li><li>Strong programming skills, with proficiency in Python, R, VBA, SQL or similar programming languages.</li><li>Robust understanding of pricing techniques, including ratemaking or predictive modeling.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Excellent oral and written communication skills.</li></ul>We will consider candidates in New York, NY, Princeton, NJ, Philadelphia, PA or Hartford, CT.The salary range posted below applies to the Company’s NYC location. The base salary range anticipated for this position is $110,500 - $162,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.At Munich Re, we see Diversity, Equity 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.

Associate ActuaryCompany: Munich Re AmericaLocation: New York, United StatesWe will consider candidates in New York City; Philadelphia, PA; or Princeton, NJ.We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.Munich Re Specialty North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.The OpportunityAre you ready for a new challenge? We are looking to hire a lead pricing actuary for the Mobility/Innovation business unit of Munich Re Specialty North America. This individual will support profitable growth across tech-enabled commercial auto, autonomous vehicles, and mobility-as-a-service insurance products.Key Responsibilities of this position include:<ul><li>Build and maintain pricing and underwriting tools, including telematics scoring models, for account pricing and portfolio steering.</li><li>Develop pricing strategy for assessing and monitoring autonomous vehicle risks.</li><li>Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.</li><li>Lead development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Provide actuarial insight and expertise as a participant or lead on a Line of Business Expert Group.</li><li>Maintain contemporary, in-depth knowledge of the commercial auto and mobility markets and produce thought leadership internally and/or externally.</li><li>Lead actuarial due diligence for new partnership opportunities with technology and mobility partners and assess performance of existing partners.</li><li>Strong understanding and ability to discuss and apply the use of existing & new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al.</li><li>Provide training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Job Requirements:<ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>Four (4) or more years of experience in primary insurance pricing, especially commercial auto.</li><li>Experience working with telematics data and rating plans is preferred.</li><li>Strong technical actuarial skills and strong knowledge and understanding of rating models.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Experience in use of R, Python or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills.</li></ul>We will consider candidates in New York City; Philadelphia, PA; or Princeton, NJ.The salary range posted below applies to the Company’s NYC location. The base salary range anticipated for this position is $110,500 - $162,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.At Munich Re, we see Diversity, Equity 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.Apply now!

Associate ActuaryCompany: Munich Re AmericaLocation: Princeton, United StatesWe will consider candidates in New York City, Philadelphia, PA and Princeton, NJ.We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The CompanyMunich Re Specialty - North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.Munich Re Specialty - North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.The OpportunityOur Associate Actuary supporting reporting and results monitoring will be responsible to enhance and manage reporting functions residing in the Pricing Governance unit for Munich Re Specialty – North America.Key Responsibilities of this position include:<ul><li>Lead the ongoing monthly and quarterly updates of actuarial reports.</li><li>Become the knowledge matter expert in this domain.</li><li>Implement robust documentation and data quality processes.</li><li>Lead efforts to automate these updates and transfer, where possible, the future report production to the Digital Enablement team.</li><li>Implement unified price monitoring standards across all of Munich Re Specialty – North America, including rate change, technical premium, and related reports.</li><li>Manage the annual Loss Planning process and collaborate with actuarial, finance, and IT teams in the build-out of SAP functionality and long-term planning of Munich Re Specialty – North America business.</li><li>Collaborate with Corporate Underwriting, Data Operations, and business stakeholders in the design, implementation, and enhancement of reports.</li><li>Identify opportunities for advances in pricing, monitoring and steering of Munich Re Specialty – North America business, including data capture and supplementation, pricing and analytical tools and methods, KPIs and portfolio deep dives.</li><li>Implement robust documentation process for peer reviews and reporting methodologies.</li></ul>Job Requirements:<ul><li>Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field requiring modeling, programming, or quantitative analysis.</li><li>At least 4+ years of insurance/actuarial experience.</li><li>Membership in the Casualty Actuarial Society preferred.</li><li>Strong knowledge technology and analytics.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Good time management skills.</li><li>Excellent computer skills including model building and data capture.</li><li>Excellent oral and written communication skills.</li></ul>The salary range posted below applies to the Company’s NYC locations. The base salary range anticipated for this position is $110,500 - $162,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.At Munich Re, we see Diversity, Equity 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.Apply now!

We will consider candidates in New York City, Princeton, NJ and Philadelphia, PA. We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients' needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.The OpportunityAre you ready for a new challenge? Munich Re Specialty Insurance (MRSI) is embarking on a multi-year transformation from legacy to modern pricing tools and is looking for a talented hands-on manager to lead this effort. This is an exciting opportunity to transform the pricing technology of a leading specialty insurer.Key Responsibilities of this position include:<ul><li>Lead the multi-year transformation from legacy to modern, modular, and cloud-based pricing tools.</li><li>Implement a suite of pricing tools for account and portfolio pricing to enable manual rating, experience rating, exposure rating, and contract structure modeling.</li><li>Partner with IT Operations &amp; third party vendors in the design, development, implementation, and support of pricing tools.</li><li>Develop governance framework for pricing tool development and change management to ensure tools are developed quickly, functional, high-quality, consistent, and scalable.</li><li>Own tool and feature roadmap. Prioritize future development efforts based on pricing department and business unit needs.</li><li>Lead a small team of actuarial developers to produce requirements, prototypes, and code for pricing tools.</li><li>Partner with IT and Operations to integrate pricing tools with databases, benchmark libraries, third-party data, external models, and policy admin systems.</li><li>Participate in training others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial tools, analyses, and methodologies.</li><li>Mentor, train, and review the work of more junior actuaries.</li></ul>Job Requirements:<ul><li>Membership in the Casualty Actuarial Society required. FCAS preferred.</li><li>Eight (8)+ years of experience in primary insurance pricing.</li><li>Hands-on experience building web-based pricing tools required. Experience with vendor pricing tool platforms preferred.</li><li>Strong technical actuarial skills and strong knowledge and understanding of rating models.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Proficiency with Python in insurance pricing applications.</li><li>Excellent oral and written communication skills.</li><li>People management experience preferred.</li></ul>The Company is open to considering candidates in our Princeton NJ, Philadelphia or New York offices. The salary range posted below applies to the Company's NYC location. The base salary range anticipated for this position is $188,300 - $276,200 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.At Munich Re, 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.

Offer:Munich Re Specialty Insurance (MRSI) provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions.Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.In this position you will:<ul><li>Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.</li><li>Assist in the rebuild of our pricing systems in Python</li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Strong understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention</li></ul>Profile:<ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.</li><li>Robust understanding of pricing techniques, including ratemaking and predictive modeling.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Experience in R, Python, SAS or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills</li></ul>The base salary range anticipated for this position is $104,600 - 153,300, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). The Company is open to considering candidates in Princeton and NYC.About Munich ReFounded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.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 the role<ul><li>Support the global pricing function in developing pricing across HSB’s product segments in the Personal, Commercial, and Specialty insurance space.</li><li>Assist in the development of rates, strategies, product development, forecasting, and other analytical research through the usage of actuarial and statistical methods.</li><li>Work with underwriting, regulatory, claims and engineering units to ensure technical expertise is fully leveraged in the development of and use in pricing models and that products perform as desired in the broader market.</li><li>Help mentor and train junior staff.</li></ul>Qualifications<ul><li>Education and Experience:<ul><li>Bachelor’s degree in Actuarial Science, Statistics, Economics, Finance, Mathematics or related fields requiring modeling, programming or quantitative analysis or equivalent work experience is required</li><li>5+ years’ experience doing actuarial work in the insurance or reinsurance industries is required</li><li>Membership in the Casualty Actuarial Society (ACAS/FCAS) is required</li></ul></li><li>Knowledge and Skills:<ul><li>In depth knowledge of actuarial models, standard actuarial techniques particularly around pricing in the personal and commercial lines markets.</li><li>Understanding client and market dynamics, as well as regulatory requirements</li><li>Knowledge of primary and non-traditional reinsurance/alternative market</li><li>Proficient computer skills in MS Office Suite and actuarial modeling software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis (as appropriate)</li><li>Attention to detail</li><li>Effective time management skills, to include prioritizing and bringing about decisions</li><li>Self-driving and proactive</li><li>Ability to train others and pass on expertise</li><li>Work well both independently and in cross-disciplinary teams</li><li>Ability to influence and negotiate with others and create acceptance for proposals. Strong interpersonal skills.</li><li>Entrepreneurial spirit</li><li>Ability to work in an environment that constantly changes</li></ul></li></ul>About usAt The Hartford Steam Boiler, a subsidiary of Munich Re, 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.

Are you ready for a new challenge? We are looking for knowledgeable and skilled pricing actuaries to help drive the profitable growth of our Excess and Surplus products.Munich Re US recently launched a new insurance operations described as RSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.The Associate Actuary role will have a significant supporting role in the pricing and monitoring of the Excess and Surplus business.In this position you will:<ul><li>Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.</li><li>Develop and maintain pricing tools for account pricing and portfolio steering.</li><li>Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.</li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal clients.</li><li>Strong understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention.</li><li>Provide actuarial insight and expertise as a participant on a Line of Business Expert Group.</li><li>Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.</li><li>Robust understanding of pricing techniques, including ratemaking and predictive modeling.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Experience in R, Python, SAS or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills.</li></ul>The base salary range anticipated for this position is $104,600 - $153,300, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).About Munich ReFounded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

<div>Offer:We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The Insurance Operations Munich Re US recently launched a new insurance operations described as Munich Re Specialty Insurance (MRSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.The OpportunityFuture focused and always one step ahead. This Associate Actuary provides actuarial pricing/rating support for MRSI. This person will support Program business in meeting its goals by analyzing, evaluating, modeling and rating potential competitive solutions for our clients, as well as supporting rate filings.In this position you will:<ul><li>Prepare and complete pricing analyses with some guidance, including the development of rates, ultimate loss projections and communication of results. </li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal and external clients.</li><li>Understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention</li><li>Provide actuarial insight and expertise as a participant on a Line of Business Expert Group</li><li>Pursue formal education via Casualty Actuarial Society (CAS) exams.</li><li>Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Bachelor’s degree in Mathematics, Actuarial Science, Economics, Business or related field.</li><li>ACAS required for Associate Actuary level.</li><li>At least four (4) years of insurance/reinsurance and actuarial pricing experience.</li><li>Good technical actuarial skills.</li><li>Proficient computer skills in MS Office Suite, including PowerBI to be used for ratemaking, pricing, modeling stochastic distributions or data analysis.</li><li>Experience in use of Python, SAS, R or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills and interpersonal skills.</li></ul>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.Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.</div>

<div>Offer:We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The OpportunityThis position is a member of the Corporate Reserving department and will be placed either on the Reserve Analysis and Special Liabilities Team or the Strategic Analysis and Reporting Team. This position will be responsible for research and analyses associated with an assigned line of business spanning primary insurance, reinsurance quota share, and reinsurance excess of loss coveragesThis position will also be the Corporate Reserving Liaison to a specific Business Unit. Acting in a consulting capacity, the liaison ensures that Corporate Reserving analyses adjust to any critical strategic shifts within their portfolio and provides them with top quality advice, insights, and recommendations. The successful candidate will have strong interpersonal and communication skills, and primary ratemaking or reserving (re)insurance experience for a variety of coverages and contract structures. Major responsibilities include:<ul><li>Complete actuarial analyses appropriate for the functional area. May include ultimate loss projections, portfolio analysis, research projects. Lead projects/analyses requiring multiple resources including those who are not direct reports.</li><li>Participate and create actuarial presentations and present results/topics to clients (internal &amp; external) and management.</li><li>Direct the modification and enhancement of existing applications to address special issues. Coordinate and help focus and prioritize the use of actuarial resources for tasks that are assigned.</li><li>Direct the completion of required data preparation, including data input. Identify data &amp; operational issues requiring specialized actuarial attention and take action to address them. </li><li>Document and communicate assumptions, technical issues, results and alternatives to actuarial staff and internal and external clients.</li><li>Participate in developing new methodologies, products and procedures.</li><li>Peer review actuarial work and provide constructive feedback.</li><li>Participate in the training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li><li>Manage the work for those who are not direct reports including other actuaries, programmers and support staff, as needed.</li><li>Prepare for and pass Actuarial Exams.</li></ul>Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&amp;C Companies and other group entities.Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Business or related field requiring modelling, programming, or quantitative analysis. Master’s degree preferred.</li><li>Membership in the Casualty Actuarial Society and membership in the American Academy of Actuaries. The equivalent credentials for international candidates will be considered.</li><li>Six or more years of (re)insurance/actuarial experience.</li><li>In-depth knowledge of actuarial models, standard techniques and the most efficient and effective methods appropriate for the functional area. Strong technical actuarial skills.</li><li>Proficient computers skills in MS Office Suite and actuarial modelling software used for reserving, ratemaking, pricing, modelling stochastic distributions or data analysis (as appropriate).</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Effective oral and written communication skills. The ability to effectively communicate with internal &amp; external clients.</li><li>Good time management and organizational skills including the ability to manage conflicting priorities, complete multiple tasks and projects.</li><li>Strong knowledge of (re)insurance &amp; products, financial metrics used in insurance and industry data sources.</li><li>Command of basic actuarial concepts; solid grasp of applicable advanced actuarial concepts.</li><li>Good project management skills including the ability to coordinate and direct resources outside department.</li></ul>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.Munich Re America Services, Inc. is a services provider to affiliated group companies primarily related to general services, procurement and IT services.</div>

Offer:* We will consider candidates in Princeton (NJ), Philadelphia (PA), New York City (NY)Are you ready for a new challenge? We are looking for knowledgeable and skilled pricing actuaries to help drive the profitable growth of our Excess and Surplus products.The Insurance OperationsMunich Re US recently launched a new insurance operations described as Munich Re Specialty Insurance (MRSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.The OpportunityFuture focused and always one step aheadThe Associate Actuary role will have a significant supporting role in the pricing and monitoring of the Excess and Surplus business.In this position you will:<ul><li>Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.</li><li>Develop and maintain pricing tools for account pricing and portfolio steering.</li><li>Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.</li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal clients.</li><li>Strong understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention.</li><li>Provide actuarial insight and expertise as a participant on a Line of Business Expert Group.</li><li>Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.</li><li>Robust understanding of pricing techniques, including ratemaking and predictive modeling.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Experience in R, Python, SAS or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills.</li></ul>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. Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

<div>We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.</div><div>Your jobThis position is a member of the Corporate Reserving department and will be placed either on the Reserve Analysis and Special Liabilities Team or the Strategic Analysis and Reporting Team. This position will be responsible for research and analyses associated with an assigned line of business spanning primary insurance, reinsurance quota share, and reinsurance excess of loss coverages. This position will also be the Corporate Reserving Liaison to a specific Business Unit.Acting in a consulting capacity, the liaison ensures that Corporate Reserving analyses adjust to any critical strategic shifts within their portfolio and provides them with top quality advice, insights, and recommendations. The successful candidate will have strong interpersonal and communication skills, and primary ratemaking or reserving (re)insurance experience for a variety of coverages and contract structures.Major responsibilities include:<ul><li>Complete actuarial analyses appropriate for the functional area. May include ultimate loss projections, portfolio analysis, research projects. Lead projects/analyses requiring multiple resources including those who are not direct reports.</li><li>Participate and create actuarial presentations and present results/topics to clients (internal &amp; external) and management.</li><li>Direct the modification and enhancement of existing applications to address special issues. Coordinate and help focus and prioritize the use of actuarial resources for tasks that are assigned.</li><li>Direct the completion of required data preparation, including data input. Identify data &amp; operational issues requiring specialized actuarial attention and take action to address them. </li><li>Document and communicate assumptions, technical issues, results and alternatives to actuarial staff and internal and external clients.</li><li>Participate in developing new methodologies, products and procedures.</li><li>Peer review actuarial work and provide constructive feedback.</li><li>Participate in the training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li><li>Manage the work for those who are not direct reports including other actuaries, programmers and support staff, as needed.</li><li>Prepare for and pass Actuarial Exams.</li></ul>Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&amp;C Companies and other group entities.</div><div>Your profile<pSuccessful candidates will possess the following skills/capabilities:<ul><li>Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Business or related field requiring modeling, programming, or quantitative analysis. Master’s degree preferred.</li><li>Membership in the Casualty Actuarial Society and membership in the American Academy of Actuaries. The equivalent credentials for international candidates will be considered.</li><li>Six or more years of (re)insurance/actuarial experience.</li><li>In-depth knowledge of actuarial models, standard techniques and the most efficient and effective methods appropriate for the functional area. Strong technical actuarial skills.</li><li>Proficient computers skills in MS Office Suite and actuarial modeling software used for reserving, ratemaking, pricing, modeling stochastic distributions or data analysis (as appropriate).</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Effective oral and written communication skills. The ability to effectively communicate with internal &amp; external clients.</li><li>Good time management and organizational skills including the ability to manage conflicting priorities, complete multiple tasks and projects.</li><li>Strong knowledge of (re)insurance &amp; products, financial metrics used in insurance and industry data sources.</li><li>Command of basic actuarial concepts; solid grasp of applicable advanced actuarial concepts.</li><li>Good project management skills including the ability to coordinate and direct resources outside department.</li></ul></div><div>Equal opportunitiesAt 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.</div><div>About usMunich Re America Services, Inc. is a services provider to affiliated group companies primarily related to general services, procurement and IT services.</div>

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