Actuary — Wholesale & Specialty Pricing & Analytics

Munich Re Specialty - North America; Chicago (IL); On-site; USD 102,000 - 170,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays & PTO

Retirement savings plan

Wellness program

Tuition assistance

Volunteer time off

Job summary

Munich Re Specialty - North America is seeking an Associate Actuary to play a significant role in pricing and monitoring the Wholesale & Specialty Insurance (WSI) business. You will develop pricing tools and analyses, project loss projections, and communicate results to underwriters and management.

You will participate in actuarial model development, data review, and collaborative projects with cross-functional teams.

Qualifications

• Bachelor’s degree in related field.
• Progress toward Casualty actuarial society membership via actuarial exams.
• Four+ years of experience in insurance pricing, preferably commercial or specialty products.
• Ability to discuss/apply actuarial concepts with guidance (exposure, trend, loss development, exposure rating).
• Excellent communication and interpersonal skills.
• Experience in R, Python, SAS or similar statistical software used in pricing.

Responsibilities

• Support the launch of new products and expand pricing capabilities for WSI lines.
• Develop and maintain pricing tools for account pricing and portfolio steering.
• Prepare pricing analyses including rates, loss projections, and communicate results.
• Participate in development and updating of actuarial models/databases; collaborate with technical teams.
• Support result monitoring, pricing and portfolio management projects for underwriters and management.
• Document and communicate assumptions, results, and alternatives to actuarial staff and clients.
• Identify data issues requiring specialized actuarial attention.
• Provide actuarial insight as a participant on a Line of Business Expert Group.
• Train others (underwriters, client managers, risk analysts, accountants, actuaries) in analyses and methodologies.

Skills

Actuarial pricing

Communication skills

Interpersonal skills

Team collaboration

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 significant role in pricing and monitoring the Wholesale & Specialty Insurance (WSI) business. You will develop pricing tools and analyses, project loss projections, and communicate results to underwriters and management.

You will participate in actuarial model development, data review, and collaborative projects with cross-functional teams.