THIS NOTICE IS BEING POSTED IN CONNECTION WITH THE FILING OF AN APPLICATION FOR PERMANENT ALIEN LABOR CERTIFICATION. ANY PERSON MAY PROVIDE DOCUMENTARY EVIDENCE BEARING ON THE APPLICATION TO THE CERTIFYING OFFICER OF THE U.S. DEPARTMENT OF LABOR AT THE FOLLOWING ADDRESS:

U.S. Department of Labor

Employment and Training Administration

Office of Foreign Labor Certification

200 Constitution Avenue NW, Room N-5311

Washington, DC 20210

NOTICE OF FILING

Munich Re America Services, Inc. seeks an Actuarial Analyst Sr. for its Princeton, NJ location. Applicants interested in this role must apply through recruiting@munichre.com and reference job code: 872800.

Duties: Ownership of all analyses pertaining to the Specialty Insurance business unit, with a focus on the quarterly results monitoring meetings with business unit. Completion of Basic Loss reserve reviews, with minimal supervision and relying on working knowledge of Ocean Marine, Credit, and Auto Liability lines of business including current industry trends. Create Specialty Lines reserve review touch point presentations and present findings and results to business unit, using effective communication skills and demonstration of good understanding of actuarial concepts and techniques. Respond to business unit inquiries in a timely manner, showing ability to apply judgment and problem-solving skills for complex issues, where necessary. Create Specialty Lines portion of quarterly results monitoring presentation and present findings, using effective communication skills and demonstration of good understanding of actuarial concepts and techniques. Review and communication preparation for local senior management of quarterly Actual vs. Expected analysis for Core Reinsurance, using effective communication skills and demonstration of good understanding of actuarial concepts and techniques. Analysis and documentation of both quarterly data definition and booked Ultimate Loss Ratio changes, including Incurred Basic Loss impacts and communication to local management when necessary. Support technical process of financial close, including delivering Ultimate Loss Ratios and subsequent nominal adjustments where necessary, prior Accident Year incurred loss evaluation, and forecast incurred loss adjustments with minimal supervision. Participation in global projects to align local reserving process and systems with global products.

Requirements: Bachelor's degree Actuarial Science, Data Science, Mathematics, Statistics, Economics, Finance or a closely related quantitative field plus 2 years of work experience in an actuarial role. Must have passed at least 3 CAS/SOA exams. Must have passed at least 3 CAS/SOA exams. Candidate's prior work experience must include: Participation in Loss Reserve reviews by analyzing triangles, picking development factors, projecting said triangles and evaluating the result; Applied knowledge of different accounting standards, namely IFRS17, Solvency II, Statutory, or US-GAAP; Applied knowledge of Property & Casualty Reinsurance; Using statistical programming, BI software and/or databases (e.g., R, Python, PowerBI, SAS, SQL, TM1); and, development of actuarial projections, benchmarking or specific actuarial data science methods. May telecommute but must have ability to report to Princeton, NJ office 2 times per week. The base salary range anticipated for this position is $113,490 to $113,490 per year 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). 40 hrs/wk; Qualified Applicants must send resumes to recruiting@munichre.com ref: 872800. Direct applicants only.