Actuary Sr

Munich Reinsurance America, Inc; Princeton (NJ); Hybrid; USD 214,000 - 261,000; Full time

Benefits offered by this job

Health and wellness program

401k matching

Job summary

Munich Re America Services, Inc. in Princeton, NJ is seeking a Sr. Actuary to lead cross-functional IT projects, upgrade legacy actuarial systems, and design scalable solutions for reserve analyses.

You will support quarterly and annual reporting for non-life reinsurance with a focus on accuracy and compliance. The role requires a FCAS or equivalent fellowship, a strong actuarial background in P&C, and hands-on experience with R, SAS, SQL, Python, and data visualization tools.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Engineering or related field with 6 years in P&C actuarial roles.
• FCAS or equivalent actuarial fellowship is required.

Responsibilities

• Lead cross-functional IT initiatives to upgrade legacy actuarial systems and design scalable solutions.
• Perform detailed reserve analyses and ensure accuracy, consistency, and compliance with internal standards.
• Support quarterly and annual closings and reporting for non-life reinsurance business.

Skills

R

SAS

SQL

Python

Power BI

Tableau

Education

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

Fellow of the Casualty Actuarial Society (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.
• Health insurance coverage
• An employee wellness program
• Life and disability insurance
• 401k match
• Retirement savings plan
• Paid holidays
• Paid time off (PTO)