Actuary

Actuary

Company: Munich Re Specialty - North America

Location: New York, United States

The Company is open to considering candidates in numerous locations, including Princeton, NJ; Philadelphia, PA; New York City, NY; and 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 Company:

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages.

With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity:

Future focused and always one step ahead!

This Actuary role will have a significant leadership role in the modernization pricing tools across Munich Re Specialty – North America. This role will focus on the development of new pricing tools and drive interconnectivity to other platforms across the organization.

In this position you will:

• Lead the development of new pricing tools, leveraging expertise in actuarial techniques and code development.
• Guide conversations with other technical departments to revamp the underwriting process and tools across the organization.
• Partner with actuarial colleagues, Underwriting, IT, and Operations to develop our next generation of pricing capabilities.
• Drive commonality between other business units within Munich Re Specialty – North America as well as other Munich Re entities.
• Work with Underwriting to achieve our organizations’ goals.
• Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.

Qualifications:

• 5+ years of experience in insurance pricing, reinsurance, or actuarial work.
• Bachelor’s degree in related field.
• Membership in the Casualty Actuarial Society as Associate (ACAS) or Fellow (FCAS).
• Experience developing pricing tools, especially in a cloud-based platform.
• Strong, relevant experience in R, Python, SAS, or other statistical software in insurance pricing applications, with Python experience strongly preferred.
• Strong interpersonal skills and ability to influence and negotiate with others.
• Ability to introduce and drive innovative ideas and processes within established environments.
• Ability to present and explain complex details to both technical and non-technical audiences.
• Strong oral and written communication skills.

The base salary range anticipated for this position is $141,800-$226,100, 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 are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.