Alpharetta GA

Chicago IL

New York NY

Philadelphia PA

Princeton NJ

Red Bank NJ

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Modelling

Coding

Pricing

Valuation

AXIS

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.

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!

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!

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.Reporting into the Chief Reserving Actuary, this position will lead the Professional Lines Product Reserving team, which is responsible for executing the quarterly reserving process including determining the actuarial central estimates (ACEs) across Insurance and Reinsurance, and performing deep dives on specific areas of interest. The position will work closely with key stakeholders including underwriting, pricing and claims professionals to refine estimates and ensure a strong feedback loop between the teams.KEY DUTIES &amp; RESPONSIBILITIES:<ul><li>Oversee the execution of the quarterly reserving process including initial reconciliations, ACE selections, peer review, controls and documentation.</li><li>Oversee the selection of actuarial assumptions including initial expected loss ratios, loss development curves and default method weights.</li><li>Review and validate plan loss ratios.</li><li>Support legal entity and corporate reporting requirements.</li><li>Perform ad-hoc deep dive analyses on reserving hot topics such as social inflation.</li><li>Continually enhance processes and help improve reserving analytics.</li><li>Manage the Professional Lines team with two direct reports ensuring the company recruits, retains and develops staff to enable a high-performance reserving function.</li><li>Provide recommendations of management best estimate of reserves based on key uncertainties and risks for Professional Lines</li><li>Help design and create best practice reserving practices and policies</li><li>Enhance data and capabilities to improve reserving analytics and diagnostics</li><li>Peer review segment calculation of pricing loss rations and pricing model assumptions</li><li>Help contribute/run various projects including reserving platform rebuild, profitability reviews, portfolio optimization, etc</li><li>Help design a process to perform reserving on a less frequent basis for long tailed lines (e.g. bi-annual)</li><li>Support valuation of potential transactions to better utilize capital such as adverse development covers or loss portfolio transfers</li><li>Review and revamp our current claims sensitivity process for Insurance</li></ul>REQUIRED EDUCATION/TRAINING &amp; EXPERIENCE:<ul><li>Bachelor’s Degree in Math, Accounting, Economics, Statistics, Business, Risk Management or a similar field.</li><li>Significant industry experience with an insurance, reinsurance, or consulting background in reserving, pricing, or modeling roles.</li><li>Experience managing actuarial staff for an insurance/reinsurance or consulting company.</li><li>Fellowship in the Casualty Actuarial Society (FCAS) or Institute of Actuaries (FIA) preferred.</li></ul>OTHER DESIRED SKILLS &amp; CHARACTERISTICS:<ul><li>Promote and demonstrate the AXIS values of delivery on promises; integrity; passion; dynamism and One-AXIS.</li><li>The ability and desire to work collaboratively with different functional areas.</li><li>Must be familiar with SAP/GAAP reporting and actuarial standards of practice and be well-versed in ratemaking and reserving using traditional and advanced techniques.</li><li>Experience and demonstrated success in significant leadership and management roles.</li><li>Proven ability to plan, organize, and direct the execution of organizational goals, objectives, and complex processes.</li><li>Excellent organizational skills and a strong attention to detail.</li><li>Ability to think strategically and stimulate creativity.</li><li>Superior analytical skills.</li></ul>For this position, we currently expect to offer a base salary in the range of GA: $215K - $260K, IL: $240K - $285K, NJ: $250K - $300K, NY: $260K - $310K. The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.Reporting into the Chief Reserving Actuary, this position will lead the Casualty Lines Product Reserving team, which is responsible for executing the quarterly reserving process including determining the actuarial central estimates (ACEs) across Insurance and Reinsurance, and performing deep dives on specific areas of interest. The position will work closely with key stakeholders including underwriting, pricing and claims professionals to refine estimates and ensure a strong feedback loop between the teams.KEY DUTIES &amp; RESPONSIBILITIES:<ul><li>Oversee the execution of the quarterly reserving process including initial reconciliations, ACE selections, peer review, controls and documentation.</li><li>Oversee the selection of actuarial assumptions including initial expected loss ratios, loss development curves and default method weights.</li><li>Review and validate plan loss ratios.</li><li>Support legal entity and corporate reporting requirements.</li><li>Perform ad-hoc deep dive analyses on reserving hot topics such as social inflation.</li><li>Continually enhance processes and help improve reserving analytics.</li><li>Manage the Casualty Lines team with two direct reports ensuring the company recruits, retains and develops staff to enable a high-performance reserving function.</li><li>Provide recommendations of management best estimate of reserves based on key uncertainties and risks for Casualty lines</li><li>Help design and create best practice reserving practices and policies</li><li>Enhance data and capabilities to improve reserving analytics and diagnostics</li><li>Peer review segment calculation of pricing loss rations and pricing model assumptions</li><li>Help contribute/run various projects including reserving platform rebuild, profitability reviews, portfolio optimization, etc</li><li>Help design a process to perform reserving on a less frequent basis for long tailed lines (e.g. bi-annual)</li><li>Support valuation of potential transactions to better utilize capital such as adverse development covers or loss portfolio transfers</li><li>Review and revamp our current claims sensitivity process for Insurance</li></ul>REQUIRED EDUCATION/TRAINING &amp; EXPERIENCE:<ul><li>Bachelor's Degree in Math, Accounting, Economics, Statistics, Business, Risk Management or a similar field.</li><li>Significant industry experience with an insurance, reinsurance, or consulting background in reserving, pricing, or modeling roles.</li><li>Experience managing actuarial staff for an insurance/reinsurance or consulting company.</li><li>Fellowship in the Casualty Actuarial Society (FCAS) or Institute of Actuaries (FIA) preferred.</li></ul>OTHER DESIRED SKILLS &amp; CHARACTERISTICS:<ul><li>Promote and demonstrate the AXIS values of delivery on promises; integrity; passion; dynamism and One-AXIS.</li><li>The ability and desire to work collaboratively with different functional areas.</li><li>Must be familiar with SAP/GAAP reporting and actuarial standards of practice and be well-versed in ratemaking and reserving using traditional and advanced techniques.</li><li>Experience and demonstrated success in significant leadership and management roles.</li><li>Proven ability to plan, organize, and direct the execution of organizational goals, objectives, and complex processes.</li><li>Excellent organizational skills and a strong attention to detail.</li><li>Ability to think strategically and stimulate creativity.</li><li>Superior analytical skills.</li></ul>For this position, we currently expect to offer a base salary in the range of GA: $215K - $260K, IL: $240K - $285K, NJ: $250K - $300K, NY: $260K - $310K . The specific salary offer will be based on an assessment of a variety of factors including the experience of the successful candidate and their work location.In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

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.

Senior Actuarial Job Vacancies and Opportunities