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Munich Re is hiring a

Head of Pricing Tools

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 Opportunity

Are 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:

  • Lead the multi-year transformation from legacy to modern, modular, and cloud-based pricing tools.
  • Implement a suite of pricing tools for account and portfolio pricing to enable manual rating, experience rating, exposure rating, and contract structure modeling.
  • Partner with IT Operations & third party vendors in the design, development, implementation, and support of pricing tools.
  • Develop governance framework for pricing tool development and change management to ensure tools are developed quickly, functional, high-quality, consistent, and scalable.
  • Own tool and feature roadmap. Prioritize future development efforts based on pricing department and business unit needs.
  • Lead a small team of actuarial developers to produce requirements, prototypes, and code for pricing tools.
  • Partner with IT and Operations to integrate pricing tools with databases, benchmark libraries, third-party data, external models, and policy admin systems.
  • Participate in training others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial tools, analyses, and methodologies.
  • Mentor, train, and review the work of more junior actuaries.

Job Requirements:

  • Membership in the Casualty Actuarial Society required. FCAS preferred.
  • Eight (8)+ years of experience in primary insurance pricing.
  • Hands-on experience building web-based pricing tools required. Experience with vendor pricing tool platforms preferred.
  • Strong technical actuarial skills and strong knowledge and understanding of rating models.
  • Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.
  • Proficiency with Python in insurance pricing applications.
  • Excellent oral and written communication skills.
  • People management experience preferred.

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.

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