Munich Re Specialty - North America · 2 weeks ago
Actuarial Analyst Sr - Insurance Program
Princeton, NJ
Full-time
Hybrid
Mid, Senior Level
$83K/yr - $138K/yr
3+ years expMunich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. They are seeking an Actuarial Analyst Senior to provide actuarial pricing/rating support, analyze and evaluate potential solutions, and support profitable growth in alignment with the company’s multi-year strategy.
Insurance
Responsibilities
Partner with the business unit as a trusted advisor to drive pricing excellence for Insurance Programs
Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and trend studies with some guidance. Communicate results of analyses to stakeholders
Participate in development and update of actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams
Support result monitoring, pricing and portfolio management projects that will assist underwriters and management in understanding and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal and external clients
Identification of data issues requiring specialized actuarial attention
Support the DOI state filing process by developing/revising rating plans, conducting competitive analyses, providing actuarial filing support and responding to objections
Provide actuarial insight and expertise on actuarial assumptions and parameters as participant on a Market Research Analysis and Parameters (MRAP) line of business group
Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies
Pursue formal education via Casualty Actuarial Society (CAS) exams
Qualification
Required
Bachelors Degree in Mathematics, Actuarial Science, Economics, Business or related field
Passed at least four (4) Casualty Actuarial Society exams
At least three (3) years of insurance/reinsurance and actuarial pricing experience
Good technical actuarial skills
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
Proficient computer skills in MS Office Suite, including PowerBI to be used for ratemaking, pricing, modeling stochastic distributions or data analysis
Excellent oral and written communication skills
Good judgmental and problem-solving skills to address potentially complex and high-profile issues
Good time management and organizational skills including the ability to manage conflicting priorities, complete multiple tasks and projects
Preferred
Experience in use of R, Python, SAS or other statistical software in insurance pricing applications
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