[ Senior Pricing Actuary, Munich Re Facultative and Corporate Company Munich Re America Location Princeton , United States

Senior Pricing Actuary, Munich Re Facultative and Corporate

We will consider candidates located in NYC, Princeton, NJ and Chicago, IL.

We're 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. We will consider a range of experience for this role and the offer will be commensurate with that.

The Company

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.

Munich Re Facultative and Corporate (MR F&C) was created to bundle Munich Re's facultative and corporate business into one global unit. We believe that by aligning our single risk business in one unified team we will better position Munich Re to provide a holistic suite of products and services that meet the growing demands of our clients and broker partners.

The Opportunity

The Senior Pricing Actuary will analyze, evaluate, model, and rate potential competitive solutions for Munich Re Facultative & Corporate (North America) property/casualty insurance as well as facultative & program reinsurance accounts. They will further be responsible for ultimate loss projections, pricing studies, portfolio analysis and research projects across all MRF&C (NA) facultative and corporate units, dealing with risks written on an admitted as well as non-admitted or facultative reinsurance basis.

This position will determine the actuarial needs of all MRF&C (NA) business units and will be responsible for the development, maintenance, enhancement and streamlining of pricing tools used locally and/or on an MRF&C-wide basis in close cooperation with MRF&C Munich. In this context, the Pricing Actuary will manage and/or lead communication and resolution of information, technical issues, projects and activities with MRF&C Munich.

Key Responsibilities of this position include:

• Determine the actuarial needs of the business units. Possess the ability to develop, build, enhance and maintain complex models and pricing tools including written specifications for IT.
• Complete and prioritize actuarial analyses appropriate for the functional area. May include ultimate loss projections, pricing studies, portfolio analysis, research projects.
• Prepare and deliver rating plans, rating rules, schedules, rating manuals and/or rating classifications for the purpose of rate and form filings
• Lead projects/analyses requiring multiple resources including those who are not direct reports.
• Create and deliver actuarial presentations to internal & external clients and all levels of management as requested.
• Lead the communication, documentation and coordination of information, technical issues, and activities between actuarial departments as well as with internal & external colleagues and clients.
• Understand, discuss and apply the use of standard actuarial concepts/techniques involving experience rating, exposure adjustments, trend, loss development, exposure rating, VBM, rate change, target pricing, et al.
• Lead and/or manage the completion of required data preparation, including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
• Actively participate and serve as a key member in the MRF&C (NA) planning process. Analyze, evaluate and model potential solutions using actuarial methods and processes in support of the business goals of MRF&C.
• Maintain monthly monitoring reports and ensure accuracy of the reports through reconciliation process and working directly with underwriters and Underwriting Analysts to ensure accuracy of final pricing models
• Provide peer review and training for underwriters and Underwriting Analysts.

Qualifications:

• 10+ years of (re)insurance/actuarial experience preferred.
• Bachelor's Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field requiring modeling, programming, or quantitative analysis required.
• Membership in the Casualty Actuarial Society or Society of Actuaries with the attainment of Fellowship (FCAS) and membership in the American Academy of Actuaries (MAAA) or a minimum of 6 years of experience as an ACAS.
• Strong interpersonal skills. Influence and negotiate with others at all levels and create acceptance for proposals.
• Excellent communication skills (oral, written & presentation) including the ability to effectively communicate technical issues to non-technical people (both internal & external).
• Strong analytical skills. Ability to be innovative and decisive to develop unique and more advanced solutions to technical problems.
• Strong organizational, project management and people skills
• Sound judgment and strong problem-solving skills
• Expert level computer skills and application of MS Office Suite. SharePoint experience a plus.

The Company is open to considering candidates in numerous locations, including NYC. The salary range posted below applies to the Company's NYC location.

The base salary range anticipated for this position is $188,300- $276,200 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).

At Munich Re, we see Diversity 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. ]