Company: Munich Re America Services, Inc.
Position: Actuary Sr.
Location: Princeton, New Jersey
Job Type: Full-Time
Salary Range: $237,250 to $237,250 per year
Duties:
- Lead cross-functional initiative with IT to streamline and upgrade legacy actuarial systems by designing and implementing automated, scalable and efficient solutions.
- Conduct detailed reserve analyses across various actuarial segments, ensuring accuracy, consistency, and compliance with internal standards.
- Perform peer reviews of reserving analyses prepared by other team members.
- Support the quarterly and annual closing and reporting processes for the non-life reinsurance business.
- Ensure compliance with Statutory, GAAP, Solvency II, and IFRS reporting requirements.
- Work with Central Reserving, Business Units, Accounting, IT and other internal stakeholders to streamline actuarial and reserving operations that align with overall business goals.
Requirements:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Engineering or a closely related field plus 6 years as an Actuary, Actuarial Associate, Actuarial Analyst or closely related position in the property & casualty (P&C) insurance industry.
- Alternatively, will accept Master’s degree in same fields plus 4 years of work experience in same positions.
- Must be a Fellow of the Casualty Actuarial Society (FCAS) or other comparable actuarial society.
Prior work experience must include:
- Evaluating loss emergence, conducting actuarial assessments and ensuring accuracy and consistency across segments;
- Implementing technology-enabled workflows that combine actuarial methods with IT development practices by collaborating with IT teams in projects involving enhancements of the legacy systems;
- Integrating actuarial models and operational processes within enterprise business workflows to streamline loss estimation, reporting and data preparation tasks;
- Identifying any data anomalies, investigating discrepancies, and reconciling inconsistencies across multiple sources;
- Ensuring that actuarial data reporting is accurate, compliant and reasonable to support sound business decision making process;
- Performing actuarial analyses, building actuarial models and automating systems;
- Analyzing loss trends, loss emergence, model outputs to support data-driven decision making;
- Using statistical programming languages and tools including R, SAS, SQL, Python; and,
- Building dashboards for actuarial KPIs using data visualization tools such as Power BI, Tableau.
May telecommute but must have ability to report to the Princeton, NJ office 2 times per week.
Benefits:
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).
