Jobs · Finance · New York

Summer Leadership Development Intern - Underwriting

Munich Re · New York, United States · 1 mo ago
HybridFinanceFull-time
We need to output HTML fragment with sections: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Only include sections that have real content. We need to parse the posting. First, we have a description: "Actuary We are adding to our diverse team...". The job title is Actuary. We should not repeat job title as heading. We need sections: - About the role: maybe a paragraph summarizing role. - Responsibilities: list of duties. - Requirements: maybe qualifications? Actually they have "Qualifications:" list. Also "Qualifications:" includes education, credential, experience, etc. Could be "Qualifications" section. - Skills: maybe "Skills" could be derived from bullet points like "Excellent quantitative and analytical skills...", "Strong verbal and written communication skills...", "Ability to combine actuarial expertise with business judgment...", "Strong project management, process optimization and change management skills". Those could be skills. - Benefits: they list benefits: health insurance, wellness program, life/disability, 401k match, retirement savings plan, paid holidays, PTO, etc. Also more details: two health plan options, prescription, vision/dental, basic life insurance, AD&D, short/long term disability, supplemental life, voluntary benefit plans, robust 401k with up to 5% match, retirement savings plan 100% company funded, PTO 24 days, yearly bonus, health and wellness programs, paid time off for family care, tuition assistance, educational achievement bonuses, corporate matching gifts, paid volunteer time. - Pay: they have salary range $144,600 - $192,800 plus opportunity for company bonus based upon a percentage of eligible pay. Also note that salary estimate displayed etc. So we can include Pay section with that info. - Schedule: Not mentioned. No schedule info (like full-time, hours). So we should not include Schedule section. We need to remove boilerplate: cookie/navigation/legal/EEO/equal-opportunity/scam-warning, duplicated lines, application instructions. The posting includes some EEO statements at end: "At Munich Re, we see Diversity...". That's boilerplate; we should remove it. Also "We are an equal opportunity employer." etc. Remove. Also "The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company’s Princeton location." That's relevant to Pay/location; we can keep location note maybe in Pay paragraph. We need to preserve all substantive information. We need to use

for section headings. Use
  • for any list of duties/requirements/benefits. Use

    for prose. We must not repeat job title as heading. So no

    Actuary

    . Use headings for sections only. We need to decide which sections to include: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay. Possibly also "Qualifications" and "Requirements" could be overlapping; but we can separate: Requirements maybe the mandatory qualifications (education, credential, experience). Qualifications maybe preferred? Actually they have "Qualifications:" list with bullet points. That could be considered Requirements. But we also have "Skills" separate. We could treat "Qualifications" as the list under "Qualifications:" heading. And "Skills" as the bullet points under that list that are skill-oriented. However the instructions: Use sections only when posting has real, specific content for it. We can have both Qualifications and Skills if content distinct. Let's extract: About the role: The first paragraphs describing the role: "Actuary We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. The Company Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. The Opportunity Future focused and always one step ahead! We’re adding to our diverse team of experts and are looking to hire an Actuary to enrich our Global Specialty Insurance United States (GSI US) Business Unit Reserving team within Corporate Reserving. 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." We can condense into a paragraph or two. Responsibilities: The bullet list after "Your Job:" includes multiple items separated by line breaks? Actually they are sentences separated by line breaks? The text: "Your Job: Building trusted relationships with the GSI Business Unit and key stakeholders to foster open communication, align different interests, and enable effective collaboration across a complex global organizationActing as the interface between Corporate Reserving and the GSI Business Units, Claims, and Finance functions involved in the actuarial control cycle, both locally and globallyEnhancing reserve analyses by working with the business unit to understand strategy, portfolio performance, and trends within the marketplaceTaking ownership of assigned reserve reviews and actuarial analyses, including actual vs. expected comparisons, focused portfolio analyses, assumption setting, documentation, and communication of key driversTranslating reserving results into actionable business insights by explaining the combined impact of strategy, portfolio performance, external factors, and reserving decisions on financial resultsUnderstanding IFRS17 concepts and results at a level sufficient to interpret their relevance for reserving analyses and business discussionsIdentifying and implementing opportunities to improve reserving processes, reporting, automation, and data-driven analyticsCollaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of the Munich Re Group" These are responsibilities. We'll make a
    • for each. Requirements: maybe the bullet list under "Qualifications:" includes education, credential, experience, etc. Let's list: - Bachelor’s degree in economics, mathematics, actuarial science or a similar qualification with a strong quantitative focus; Masters or MBA preferred - Credentialed Actuary (CAS or comparable) - Experience in non-life (re)insurance (applicable experience can include reserving, pricing, underwriting, risk management, controlling or similar disciplines) - Excellent quantitative and analytical skills with emphasis on practical application - Experience with insurance-related databases and data warehouses preferred - Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences - Ability to combine actuarial expertise with business judgment, stakeholder management, and clear communication - Strong project management, process optimization and change management skills But some of these are skills; we could separate. Maybe Requirements: education, credential, experience. Skills: the rest. Thus: Requirements (
        ): - Bachelor’s degree in economics, mathematics, actuarial science or a similar qualification with a strong quantitative focus; Masters or MBA preferred - Credentialed Actuary (CAS or comparable) - Experience in non-life (re)insurance (applicable experience can include reserving, pricing, underwriting, risk management, controlling or similar disciplines) Skills (
          ): - Excellent quantitative and analytical skills with emphasis on practical application - Experience with insurance-related databases and data warehouses preferred - Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences - Ability to combine actuarial expertise with business judgment, stakeholder management, and clear communication - Strong project management, process optimization and change management skills Benefits: list as per description. Pay: paragraph with salary range and bonus. Now we need to output HTML fragment only. We'll produce:

          About the role

          ...

          Responsibilities

          • ...
          • ...

          Requirements

            ...

          Skills

            ...

          Benefits

            ...

          Pay

          ...

          We should not include Schedule. Now we need to ensure we preserve all substantive information. Let's extract details precisely. About the role paragraph: We'll combine the description into a concise paragraph but must preserve all substantive information; we cannot invent or summarize away detail. However we can rephrase but must keep all info. It's okay to condense as long as we don't lose info. The instruction: "Preserve ALL substantive information; do NOT invent or summarize away detail." So we need to keep all details, not omit any. Summarizing may be considered summarizing away detail? It's ambiguous. Safer to keep the original sentences but maybe break into paragraphs. We can keep the original text but split into

          tags. Thus we can put the entire description (excluding the boilerplate at end) into one or multiple

          tags under About the role. We need to remove duplicated lines and boilerplate. The duplicated lines: "We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients." appears at start and later "We’re adding to our diverse team of experts and are looking to hire an Actuary to enrich our Global Specialty Insurance United States (GSI US) Business Unit Reserving team within Corporate Reserving." Slightly different but similar. We'll keep both as they are not exact duplicates? The first is generic, second specific. We'll keep. We need to remove EEO statements at end: "At Munich Re, we see Diversity, Equity and Inclusion as a solution..." and following sentences. Remove those. Also remove "We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions." Remove. Now let's craft About the role content: We'll take from start up to before "Qualifications:" maybe. Original text: "Actuary We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients. The Company Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. The Opportunity Future focused and always one step ahead! We’re adding to our diverse team of experts and are looking to hire an Actuary to enrich our Global Specialty Insurance United States (GSI US) Business Unit Reserving team within Corporate Reserving. 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

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