Actuarial Analyst Sr

All locations: Princeton, United States;
New York, United States;

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 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.

Future focused and always one step ahead!

We're adding to our diverse team of experts and are looking to hire an Actuarial Analyst Sr. to enrich the MR-AS Corporate Reserving Team. This position is a member of the Corporate Reserving department. 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 IFRS
17, Solvency II, local GAAP and Statutory standards. In your role, you'll lead the actuarial analyses and closing for the business written by Next Insurance and consequently assumed into the MRAm pool, ensure smooth processes and manage the relationship with actuarial teams across Munich Re Group stakeholders.

The successful candidate will have reserving insurance experience for a variety of coverages and contract structures. IFRS
17 knowledge is a bonus.

• Prepare and complete actuarial analysis with minimal supervision or guidance appropriate for the functional area.
• Participate in the development of actuarial presentations and present results/topics to clients (internal & external) and management as requested.
• Complete the completion of required data preparation, including data input, under general direction. Identify data & operational issues requiring specialized actuarial attention.
• Document and communicate assumptions, results and alternatives to actuarial staff and internal and external clients.
• 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.
• Contributing to quarterly and annual, internal as well as external (Statutory, GAAP, and IFRS
  17) reporting and closing with regards to the non-life reinsurance business.
• Prepare for and pass Actuarial Exams.

• Bachelor's degree in mathematics, Actuarial Science, Economics, Business or related field requiring modeling, programming, or quantitative analysis.
• Two or more years of (re) insurance/actuarial experience or successful completion of the MR Graduate Trainee Program.
• Passed at least two (2) actuarial exams.
• Develop and maintain working knowledge of actuarial models. Including a good understanding of the actuarial concepts and techniques underlying the models. Strong technical actuarial skills.
• Strong working knowledge of computers and MS Office Suite applications. Apply more advanced and innovative techniques in worksheets and other applications as appropriate for functional area.
• Strong interpersonal skills.
• Proficient oral and written communication skills.
• Ability to schedule and prioritize workload demands, including multi-tasking.
• Able to manage and coordinate own projects using multiple resources.

The Company is open to considering candidates in numerous locations, including New York City, NY and Princeton, NJ. The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $88,400 - $140,900
, 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 is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the New York City job market. 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…