Senior Actuary

About the role

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, developing a core understanding of the GSI US portfolio, and communicating the impact of reserving analyses and decisions on the financial results of GSI US. As part of the GSI Reserving team, your role is to become a strategic partner with our business unit utilizing actuarial expertise, while broadening and deepening portfolio knowledge accompanied with market trends to provide business insights to support profitable growth. This partnership should be built on trust and collaboration, while preserving independent actuarial judgment and a clear focus on the balance sheet strength of Munich Re.

Responsibilities

• Own and lead the reserving process for an assigned insurance portfolio, from data readiness and actuarial analysis through closing, reporting, governance, documentation, and communication of results.
• Act as a trusted interface between Corporate Reserving and business partners across actuarial, underwriting, claims, finance, accounting, and reporting teams, locally and globally.
• Develop deep portfolio knowledge across exposure, pricing, underwriting, claims, market, aggregation, and emerging-risk dynamics, and translate insights into sound reserving judgments and business decisions.
• Continuously improve reserving processes, controls, data flows, methods, and tools for an evolving portfolio.
• Lead cross-functional projects and team collaboration, coordinating contributors and deliverables across groups without relying on direct reporting relationships.
• Prepare and present actuarial results, key judgments, trends, risks, and recommendations clearly to actuarial and non-actuarial audiences, including senior management.

Qualifications

• Bachelor's degree in economics, mathematics, actuarial science, or a related quantitative field; master's degree or MBA preferred.
• Credentialed actuary, preferably ACAS, FCAS, or comparable.
• At least five years of actuarial experience in cyber (re)insurance, with strong knowledge of loss drivers, portfolio dynamics, and reserving challenges.
• Proven ability to own end-to-end actuarial processes and deliver high-quality results within reporting timelines.
• Strong stakeholder management and communication skills, with the ability to influence, build trust, and explain technical concepts and business implications clearly.
• Strong organizational and project management skills, including the ability to manage competing priorities, optimize processes, and coordinate contributors across teams.
• Excellent quantitative and analytical skills, with sound judgment and clear documentation of assumptions and conclusions.

Pay

The base salary range anticipated for this position is $180,600 - $247,700 plus opportunity for company bonus based upon a percentage of eligible pay.

Benefits

• Two options for health insurance plan (PPO or High Deductible) with prescription drug coverage included.
• 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 (spouse/domestic partner and children).
• Voluntary Benefit plans (Accident, Critical Illness and Hospital Indemnity).
• 401k plan with up to 5% employer match.
• Retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with additional days at 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.

Schedule

The Company is open to considering candidates in Princeton, NJ.