Actuary Sr

Munich Re Group • New York, NY

151d • $170,900 - $230,300

About The Position

We are adding to our diverse team of experts and are looking to hire a Senior Actuary to enrich the MRAS Corporate Reserving Team. 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 of reserve uncertainty and reserve risk, as well as financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP and Statutory standards.

Requirements

• Bachelor's degree in economics, mathematics, actuarial science or a similar qualification with a strong quantitative focus; Masters, or MBA preferred.
• ACAS or FCAS (or comparable credential) preferred.
• Experience in non-life (re)insurance including reserving, pricing, underwriting, risk management, accounting, reporting and/or controlling.
• Excellent quantitative and analytical skills with emphasis on practical application.
• Strong leadership and interpersonal skills with the ability to influence and negotiate.
• Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences.
• Familiarity with IFRS17, Solvency II, US GAAP and Statutory standards.
• Project management, process optimization and change management experience.
• Experience with insurance-related databases and data warehouses is of advantage.

Responsibilities

• Lead actuarial analyses and closing processes for the business written by NEXT Insurance.
• Ensure smooth processes and manage the relationship with actuarial and finance teams across Munich Re Group's various stakeholder groups.
• Collaborate in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving's deliverables.
• Communicate and act as an interface in Corporate Reserving for Central Reserving (Group), FMR, NEXT Insurance and ERGO Group.
• Develop trusted relationships and align different interests in a complex organization.
• Complete actuarial analyses including ultimate loss projections, monitoring of loss development, quantitative and qualitative portfolio analysis, and research projects.
• Ensure quarterly and annual internal and external closing and reporting processes for Next Insurance business are concluded with high quality.
• Achieve integral collaboration with the NEXT and ERGO teams to ensure a deep understanding of the markets.

Benefits

• Health insurance coverage
• Employee wellness program
• Life and disability insurance
• 401k match
• Retirement savings plan
• Paid holidays
• Paid time off (PTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree