Senior Actuary

Actuary Senior

Company: Munich Re America Services

Location: Princeton, United States

We 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:

• 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
• Communicating and acting as an interface between Corporate Reserving and the Global Reserving team, Controlling, Accounting, and Claims staff locally and globally
• Provide guidance and training for actuaries and analysts, while helping them formulate development opportunities
• Driving automation and complexity reduction and transitioning towards new ways of collaboration
• Be a change agent to help business stakeholders understand IFRS 17 results and present results to senior executives
• 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
• Building trusted relationships and aligning different interests in a complex organization

Qualifications:

Successful candidates will possess the following experience, skills, and capabilities:

• Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Business or related field requiring modeling, programming, or quantitative analysis
• ACAS or FCAS (or comparable credential) preferred
• 7+ years of actuarial experience
• Experience in non-life (re)insurance (applicable experience can include reserving, pricing, underwriting, risk management, accounting, reporting and/or controlling or similar disciplines)
• Familiarity with IFRS17, Solvency II, US GAAP, and Statutory standards
• Strong project management, process optimization and change management skills
• Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences
• Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.
• Excellent quantitative and analytical skills with emphasis on practical application
• Experience with insurance-related databases and data warehouses
• Experience in SAS, SQL, R, TM1, and/or Python

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.