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Actuarial Manager, Pricing Tools

Job in Princeton, Mercer County, New Jersey, 08543, USA
Listing for: Munich Re
Full Time position
Listed on 2026-06-17
Job specializations:
  • Finance & Banking
    Risk Manager/Analyst
  • Insurance
    Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 125000 - 150000 USD Yearly USD 125000.00 150000.00 YEAR
Job Description & How to Apply Below

All locations New York, United States;
Chicago, United States;
Hartford, United States;
Philadelphia, United States;
Princeton, United States;

Actuarial Manager, Pricing Tools

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

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.

The Opportunity

Future focused and always one step ahead!

Are you ready for a new challenge? Munich Re Specialty
- North America is seeking a talented hands‑on manager to lead the strategy and execution of Munich Re Specialty's pricing tool transformation. This is an exciting opportunity to shape and modernize the pricing technology of a leading specialty insurer.

Key Responsibilities
  • Lead the multi‑year transformation from legacy to modern, modular, and cloud‑based pricing tools.
  • Define and execute the strategy for a suite of pricing tools supporting account and portfolio pricing, including manual rating, experience rating, exposure rating, and contract structure modeling.
  • Direct and develop a team of actuarial developers to design, build, and implement pricing methodologies and user interfaces that support underwriting and pricing decision‑making.
  • Partner with actuarial, underwriting, IT, Operations, and third‑party stakeholders to define and refine the target solution, establish priorities, and translate business needs into clear requirements and delivery roadmap.
  • Establish and execute a governance framework for pricing tool development and change management to ensure delivery is disciplined, scalable, high quality, and aligned to business objectives.
  • Own and execute the pricing tool roadmap, prioritizing initiatives and feature development based on business value, user needs, and transformation objectives.
  • Drive execution of the target‑state architecture by partnering with IT and Operations to integrate pricing tools with databases, benchmark libraries, third‑party data, external models, and policy administration systems.
  • Champion a user‑centered approach to tool design, ensuring interfaces are intuitive, efficient, and effective for underwriting and actuarial users.
  • Lead training and adoption efforts for underwriting, actuarial, and other end users to ensure effective use of pricing tools, methodologies, and analytics.
Qualifications

Successful candidates will possess the following experience/skills/qualifications:

  • Membership in the Casualty Actuarial Society required. FCAS preferred.
  • Eight (8) or more years of experience in primary insurance pricing.
  • Hands‑on experience building web‑based pricing tools required. Experience with vendor pricing tool platforms preferred.
  • 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.
  • Proficiency with Python in insurance pricing applications.
  • Excellent oral and written communication skills.
  • People management experience preferred.

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

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