Reserving Actuary
About The Position
Munich Re America Services (MRAS) is a shared service organization serving Munich Re’s US P&C companies and other group entities. Its Corporate Reserving team combines quantitative methods and qualitative insights to monitor and analyze loss reserves for Munich Re’s US P&C businesses, assess reserve risk and uncertainty, and contribute to financial reporting under IFRS 17, Solvency II, US GAAP, and Statutory standards. As a member of the US P&C Re Reserving team, the Reserving Actuary partners with business units to support profitable growth. The role applies actuarial expertise and judgment, portfolio knowledge, and market insights while maintaining an independent perspective on reserve adequacy and balance sheet strength. The position works with colleagues and stakeholders across the organization and offers opportunities to expand actuarial and business expertise.
Requirements
- Bachelor’s degree in actuarial science, mathematics, economics, or another quantitative field.
- Relevant actuarial or (re)insurance experience in reserving, pricing, underwriting, risk management, or a related discipline.
- Membership in the Casualty Actuarial Society (ACAS or FCAS); equivalent international credentials will be considered.
- Strong quantitative and analytical skills, with an emphasis on practical application and sound actuarial judgment.
- Effective written and verbal communication skills, including the ability to explain technical concepts clearly to non-technical audiences.
- Excellent organizational and time-management skills and ability to balance competing priorities and multiple projects.
- Demonstrated experience in project management, process optimization, and change management.
Responsibilities
- Build trusted relationships with business unit partners and develop understanding of portfolios, business strategy, and market trends while fostering open communication.
- Conduct actuarial analyses, including reserve reviews, assumption setting, actual-versus-expected analyses, and targeted portfolio assessments, and develop conclusions and recommendations using sound actuarial judgment.
- Translate reserving results into actionable insights, connect key drivers to the broader business context, and explain implications to actuarial and non-actuarial audiences, including senior management.
- Collaborate across the global organization to bring together perspectives and expertise and deliver high-quality reserving insights.
- Identify opportunities to enhance reserving processes, reporting, automation, and data analytics.
Benefits
- Health insurance coverage, with PPO and High Deductible plan options
- Prescription drug coverage
- Vision insurance
- Dental insurance
- Basic life insurance and AD&D coverage at no cost
- Short- and long-term disability coverage
- Supplemental life and AD&D plans available for purchase
- Voluntary accident, critical illness, and hospital indemnity plans
- 401(k) plan with up to a 5% employer match
- 100% company-funded retirement savings plan
- 24 days of paid time off annually at the start, with additional days for service anniversaries
- Yearly company bonus eligibility
- Health and wellness programs at no cost
- Paid time off for eligible family care needs
- Tuition assistance and educational achievement bonuses
- Corporate matching gifts program
- Paid time off to volunteer
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
