Senior Actuarial Analyst - Property

We will consider candidates in New York City; Philadelphia, PA; or Princeton, NJ.

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.

The Company

Munich Re Specialty North America 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 North America 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. For more information on Munich Re Specialty North America, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.

The Opportunity

Are you ready for a new challenge? We are looking to hire a senior actuarial analyst for the Property business unit of Munich Re Specialty North America. This individual will support profitable growth across the E&S portfolio with a focus on Property.

Key Responsibilities of this position include:

• Build and maintain pricing and underwriting tools, for account pricing and portfolio steering.
• Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.
• Assist in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.
• Maintain contemporary, in-depth knowledge of the commercial auto and mobility markets and produce thought leadership internally and/or externally.
• 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.

Job Requirements:

• Progress toward membership in the Casualty Actuarial Society, as demonstrated by three or more CAS exams.
• Two (2) 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 VBA, R, Python or other programming languages in insurance pricing applications.
• Excellent oral and written communication skills.

We will consider candidates in New York City; Philadelphia, PA; or Princeton, NJ.

The salary range posted below applies to the Company's NYC location. The base salary range anticipated for this position is $91,800 - $134,600 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.