Actuary

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.

Future focused and always one step ahead! This Actuary role will provide actuarial pricing services for MRSNA's new and existing Casualty Excess and Surplus products. They will support the business in meeting its goals by analyzing, evaluating, modeling, and rating potential competitive solutions for our clients.

• 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.

• 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.

• 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.

The Company is open to considering candidates in numerous locations, including New York City (NYC), Philadelphia (PA), 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 $141,800-$226,100
, plus opportunity for company bonus based upon a…