Munich Re Specialty - North America ยท 1 day ago
Actuary
Philadelphia, PA
Full-time
Hybrid
Senior Level
$142K/yr - $226K/yr
5+ years expMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. The Actuary role will provide actuarial pricing services for new and existing Casualty Excess and Surplus products, supporting business goals through analysis, evaluation, modeling, and rating of competitive solutions for clients.
Insurance
Responsibilities
Support the launch of new products and expand the capabilities of existing products focusing on the casualty line of business
Develop and maintain pricing tools for account pricing and portfolio steering
Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results
Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams
Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal and external clients
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
Provide actuarial insight and expertise as a participant on a Line of Business Expert Group
Maintain contemporary, in-depth knowledge of the commercial property market
Pursue formal education via Casualty Actuarial Society (CAS) exams and continuing education
Participate in underwriter training regarding actuarial analyses and methodologies and provide mentoring/training to analyst level actuarial team members
Qualification
Required
Membership in the Casualty Actuarial Society as an Associate (ACAS) or Fellow (FCAS)
Five (5) or more years of experience in primary insurance pricing
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
Experience in use of R, Python or other statistical software in insurance pricing applications
Excellent oral and written communication skills
Benefits
Health insurance coverage
Employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
Two options for your health insurance plan (PPO or High Deductible)
Prescription drug coverage (included in your health insurance plan)
Vision and dental insurance plans
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children)
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)
A robust 401k plan with up to a 5% employer match
A retirement savings plan that is 100% company funded
Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
Eligibility to receive a yearly bonus as a Munich Re employee
A variety of health and wellness programs provided at no cost
Paid time off for eligible family care needs
Tuition assistance and educational achievement bonuses
A corporate matching gifts program that further enhances your charitable donation
Paid time off to volunteer in your community
Company
Munich Re Specialty - North America
Munich Re Specialty combines premier specialty expertise, capabilities, and products to offer partners and customers simplified access to a wide range of specialty insurance solutions and services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Kerner
Chief Executive Officer
Sabrina Hart
President and CEO
Company data provided by crunchbase