Actuary Sr

Next Insurance, Inc.; Princeton (NJ); Hybrid; USD 214,000 - 261,000; Full time

Benefits offered by this job

Bonus eligibility

Health insurance

401k match

Paid holidays

PTO

Job summary

Munich Re America Services, Inc. is seeking an Actuary Sr. to lead IT-enabled enhancements of the legacy actuarial systems while performing detailed reserve analyses for non-life reinsurance.

The role requires FCAS or comparable certification, a strong background in P&C actuarial methods, and proficiency with R, SAS, SQL, Python, and data visualization tools. Telecommuting is possible with in-office reporting twice weekly in Princeton, NJ.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Engineering or related field.
• FCAS or equivalent actuarial society membership.
• 6 years in actuarial roles in P&C insurance; or 4 years with Master’s degree.

Responsibilities

• Lead cross-functional IT initiative to upgrade legacy actuarial systems.
• Perform detailed reserve analyses across actuarial segments.
• Peer review of reserving work by team members.
• Support quarterly and annual close/reporting for non-life reinsurance.
• Ensure compliance with Statutory, GAAP, Solvency II and IFRS.
• Collaborate with stakeholders to streamline actuarial operations.

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Engineering or closely related field

FCAS or other comparable actuarial society

Tools

R

SAS

SQL

Python

Power BI

Tableau

Job description

Company

Munich Re America Services, Inc.

Position

Actuary Sr.

Location

Princeton, New Jersey

Job Type

Full-Time

Salary Range

$237,250 to $237,250 per year

Duties

Lead cross-functional initiative with IT to streamline and upgrade legacy actuarial systems by designing and implementing automated, scalable and efficient solutions. Conduct detailed reserve analyses across various actuarial segments, ensuring accuracy, consistency, and compliance with internal standards. Perform peer reviews of reserving analyses prepared by other team members. Support the quarterly and annual closing and reporting processes for the non-life reinsurance business. Ensure compliance with Statutory, GAAP, Solvency II, and IFRS reporting requirements. Work with Central Reserving, Business Units, Accounting, IT and other internal stakeholders to streamline actuarial and reserving operations that align with overall business goals.

Requirements

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Engineering or a closely related field plus 6 years as an Actuary, Actuarial Associate, Actuarial Analyst or closely related position in the property & casualty (P&C) insurance industry. Alternatively, will accept Master’s degree in same fields plus 4 years of work experience in same positions. Must be a Fellow of the Casualty Actuarial Society (FCAS) or other comparable actuarial society. Prior work experience must include: Evaluating loss emergence, conducting actuarial assessments and ensuring accuracy and consistency across segments; Implementing technology-enabled workflows that combine actuarial methods with IT development practices by collaborating with IT teams in projects involving enhancements of the legacy systems; Integrating actuarial models and operational processes within enterprise business workflows to streamline loss estimation, reporting and data preparation tasks; Identifying any data anomalies, investigating discrepancies, and reconciling inconsistencies across multiple sources; Ensuring that actuarial data reporting is accurate, compliant and reasonable to support sound business decision making process; Performing actuarial analyses, building actuarial models and automating systems; Analyzing loss trends, loss emergence, model outputs to support data-driven decision making; Using statistical programming languages and tools including R, SAS, SQL, Python; and, building dashboards for actuarial KPIs using data visualization tools such as Power BI, Tableau. May telecommute but must have ability to report to the Princeton, NJ office 2 times per week.

Benefits

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).