Actuary, Wholesale & Specialty Insurance — Pricing & Growth

Munich Reinsurance America, Inc; New York (NY); On-site; USD 102,000 - 170,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid time off (PTO)

Job summary

Munich Re Specialty - North America is seeking an Associate Actuary to play a key role in pricing and monitoring for Wholesale & Specialty Insurance. The role focuses on developing pricing tools, preparing analyses, and supporting model enhancements with cross-functional teams across multiple US locations.

The position requires a Bachelor's degree and progress toward CAS, with 4+ years in insurance pricing. Strong communication and software skills in R/Python/SAS are essential.

Qualifications

• Bachelor's degree in related field.
• Progress toward CAS membership demonstrated by passing actuarial exams.
• Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.
• Strong understanding and ability to discuss and apply actuarial concepts involving exposure adjustments, trend, loss development, exposure rating with some guidance.
• Excellent communication and interpersonal skills, able to explain complex concepts to non-technical audiences.
• Experience in R, Python, SAS, or other statistical software in insurance pricing applications.

Responsibilities

• Support the launch of new products and expand capabilities of existing products for the Wholesale & Specialty Insurance lines of business.
• Develop and maintain pricing tools for account pricing and portfolio steering.
• Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.
• Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.
• Support result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business.
• Document and communicate assumptions, results, and alternatives to actuarial staff and internal clients.
• Identify data issues requiring specialized actuarial attention.
• Provide actuarial insight and expertise as a participant on a Line of Business Expert Group.
• Participate in training of others regarding actuarial analyses and methodologies.

Skills

Communication skills

Interpersonal skills

Actuarial concepts understanding

Education

Bachelor's degree in related field

Tools

R

Python

SAS

Job description

Munich Re Specialty - North America is seeking an Associate Actuary to play a key role in pricing and monitoring for Wholesale & Specialty Insurance. The role focuses on developing pricing tools, preparing analyses, and supporting model enhancements with cross-functional teams across multiple US locations.

The position requires a Bachelor's degree and progress toward CAS, with 4+ years in insurance pricing. Strong communication and software skills in R/Python/SAS are essential.