Associate Actuary

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:

• Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.
• Assist in the rebuild of our pricing systems in Python
• Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.
• 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 with some assistance/guidance.
• Identification of data issues requiring specialized actuarial attention

• Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.
• Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.
• Robust understanding of pricing techniques, including ratemaking and predictive modeling.
• Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.
• Experience in R, Python, SAS or other statistical software in insurance pricing applications.
• Excellent oral and written communication skills

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 Re

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.

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.