Jobs · New Jersey

ERM Actuary Senior

Munich Re · Princeton, NJ · 4 days ago
Hybrid$186k/yrFull-time

Responsibilities

  • Lead recurring projects in risk capital modeling, portfolio analysis, stress testing, and scenario analysis.
  • Leverage data and expertise from across the organization to assess risk exposures and inform capital management, reinsurance, and other strategic business decisions.
  • Lead or support enterprise risk management processes, including the annual Own Risk and Solvency Assessment (ORSA), Risk Strategy, risk assessments, and risk reporting.
  • Partner with business leaders and executive management to evaluate risks, assess management actions, and support risk-informed decision making.
  • Drive the continued development of the internal economic capital model to improve the identification, measurement, and aggregation of risks, including emerging risks such as cyber, climate, and wildfire.
  • Independently or collaboratively perform model validation activities and evaluate methodologies, assumptions, and implementation against industry standards and best practices.
  • Provide risk and capital expertise to business and executive stakeholders through analysis, presentations, training, and consultation.
  • Translate complex quantitative concepts into actionable insights that support strategic planning, risk management, and business decision making.

Qualifications

  • Ten or more years of experience in (re)insurance, actuarial, risk management, or related analytical disciplines, with demonstrated ability to apply quantitative analysis to business and strategic decision making.
  • Comprehensive knowledge of actuarial and statistical models, analytical techniques, and their practical applications within the insurance industry.
  • Demonstrated ability to develop expertise in new subject areas through self-learning, research, and collaboration with internal and external experts.
  • Experience with statistical programming languages (e.g., R, Python) and data analytics tools and platforms (e.g., SQL, Git, Azure).
  • Broad understanding of (re)insurance company operations, products, risk exposures, financial performance drivers, and the data used to support underwriting, capital management, and business decision making.
  • Demonstrated ability to communicate complex quantitative concepts to both technical and non-technical audiences and influence decision making across a broad range of stakeholders.
  • Bachelor's degree in Mathematics, Actuarial Science, Economics, Finance, Statistics, or another quantitative discipline.
  • Fellow of the Casualty Actuarial Society (FCAS), comparable international actuarial designation, CFA Charter holder, or advanced degree in Actuarial Science, Economics, Finance, Mathematics, Risk Management, or a related field (preferred).

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