Actuarial Analyst Sr - Insurtech Programs

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face.

About the role

This position provides actuarial pricing/rating support for MRS-NA Insurtech Programs. This person will support the program business in meeting its goals by analyzing, evaluating, modeling, and rating potential competitive solutions for our clients, as well as supporting rate filings.

Responsibilities

• Prepare and complete pricing analyses with some guidance, including the development of rates, ultimate loss projections, and communication of results.
• Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration with technical teams.
• Support result monitoring, pricing, and portfolio management projects that will assist underwriters and management in managing and steering business.
• Document and communicate assumptions, results, and alternatives to actuarial staff and internal and external clients.
• Understand and apply existing & new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.
• Identify data issues requiring specialized actuarial attention.
• Provide actuarial insight and expertise as a participant on a Line of Business Expert Group.
• Pursue formal education via Casualty Actuarial Society (CAS) exams.
• Participate in training of others (underwriters, client managers, risk analysts, accountants, and actuaries) regarding actuarial analyses and methodologies.

Requirements

• Bachelor’s degree in Mathematics, Actuarial Science, Economics, Business, or related field.
• Passed four (4) to six (6) actuarial exams for Actuarial Analyst Senior level.
• ACAS for Associate Actuary level.
• At least four (4) years of insurance/reinsurance and actuarial pricing experience.
• Good technical actuarial skills.
• Proficient computer skills in MS Office Suite, including PowerBI for ratemaking, pricing, modeling stochastic distributions, or data analysis.
• Experience in use of Python, SAS, R, or other statistical software in insurance pricing applications.
• Excellent oral and written communication skills and interpersonal skills.

Benefits

• Two options for health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Basic life insurance equal to 1x annual salary and AD&D coverage equal to 1x annual salary (provided at no cost).
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans (Accident, Critical Illness, and Hospital Indemnity).
• A robust 401k plan with up to a 5% employer match.
• A retirement savings plan that is 100% company funded.
• Paid time off starting at 24 days each year, with additional days added for milestone service anniversaries.
• Yearly bonus eligibility.
• Health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• Corporate matching gifts program for charitable donations.
• Paid time off to volunteer in your community.

Pay

The base salary range for this position is $84,500 - $140,900, plus opportunity for a company bonus based on a percentage of eligible pay. The salary range reflects market variations across locations, with offers adjusted per geography.