Actuary Sr

Munich Re • Princeton, NJ

164d • $197,900 - $290,300

About The Position

The position involves collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving's deliverables and the success of Munich Re Group. The role requires effective communication and acting as an interface in Corporate Reserving for Central Reserving (Group), FMR, NEXT Insurance, and ERGO Group. The candidate will develop these interfaces into trusted relationships and align different interests in a complex organization. Responsibilities include completing actuarial analyses, ensuring smooth quarterly and annual closing and reporting processes, and achieving integral collaboration with the NEXT and ERGO teams to ensure a deep understanding of the markets.

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, or similar disciplines.
• 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 an advantage.

Responsibilities

• Collaborate in a diverse team to maximize the quality of Corporate Reserving's deliverables.
• 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 and portfolio analysis.
• Ensure smooth quarterly and annual closing and reporting processes for Next Insurance business.
• Achieve collaboration with NEXT and ERGO teams to ensure understanding of markets and transparency of reserving insights.

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: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees