Actuarial Analyst Sr - Insurance Program

Actuarial Analyst Sr - Insurance Program

Join to apply for the Actuarial Analyst Sr - Insurance Program role at Munich Re Specialty - North America.

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.

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability.

Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

• 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 the 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.
• Identify 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 a 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.

• Bachelor’s 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, etc. with some assistance/guidance.
• Proficient computer skills in MS Office Suite, including Power
  
  BI for rate making, pricing, modeling stochastic distributions or data analysis.
• Experience with R, Python, SAS or other statistical software in insurance pricing applications is preferred.
• 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.

• Two options for health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in health insurance plan).
• Vision and dental insurance plans.
• Basic life insurance equal to 1x annual salary and AD&D coverage equal to 1x annual salary.
• Short and long‑term disability coverage.
• Supplemental Life and AD&D plans available for purchase for yourself and dependents.
• Voluntary benefit plans (Accident, Critical Illness, Hospital Indemnity).
• Robust 401(k) plan with up to 5% employer match.
• Retirement savings plan fully funded by the company.
• Paid time off starting at 24 days per year, with additional days for milestone service anniversaries.
• Eligibility to receive a yearly bonus.
• Health and wellness programs at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• Corporate matching gifts program.
• Paid time off to volunteer in community.

Base salary range: $82,800 - $138,100
, plus opportunity for company bonus based on a percentage of eligible pay. The offer will be adjusted per geography.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.