Actuarial Analyst Sr

Actuarial Analyst Sr

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 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.

The Opportunity

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 IFRS17, Solvency II, local GAAP and Statutory standards.

Responsibilities

• 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 IFRS17) reporting and closing with regards to the non-life reinsurance business
• Prepare for and pass Actuarial Exams

Qualifications

• 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 Princeton, NJ. The salary range posted below applies to the Company's Princeton location.

The base salary range anticipated for this position is $86,600- $127,100 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 Princeton, NJ. 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.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• 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).

In addition to the above insurance offerings, our employees also enjoy:

• 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.

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.