Finance Actuary

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.
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.
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.
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 organization
Acting as the interface between Corporate Reserving and the GSI Business Units, Claims, and Finance functions involved in the actuarial control cycle, both locally and globally
Enhancing reserve analyses by working with the business unit to understand strategy, portfolio performance, and trends within the marketplace
Taking ownership of assigned reserve reviews and actuarial analyses, including actual vs. expected comparisons, focused portfolio analyses, assumption setting, documentation, and communication of key drivers
Translating reserving results into actionable business insights by explaining the combined impact of strategy, portfolio performance, external factors, and reserving decisions on financial results
Understanding IFRS17 concepts and results at a level sufficient to interpret their relevance for reserving analyses and business discussions
Identifying and implementing opportunities to improve reserving processes, reporting, automation, and data-driven analytics
Collaborating 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
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
Ability to combine actuarial expertise with business judgment, stakeholder management, and clear communication
Strong project management, process optimization and change management skills
The salary range posted below applies to the Company's Princeton location.
The base salary range anticipated for this position is $144,600 - $192,800 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

Two options for your health insurance plan (PPO or High Deductible).
Prescription drug coverage (included in your health insurance plan).
Vision and dental insurance plans.
Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
Short and Long Term Disability coverage.
Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).
A retirement savings plan that is 100% company funded.
Eligibility to receive a yearly bonus as a Munich Re employee.
Tuition assistance and educational achievement bonuses.
Paid time off to volunteer in your community.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.