Associate Actuary — Wholesale & Specialty Pricing

Munich Reinsurance America, Inc; Chicago (IL); On-site; USD 102,000 - 170,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays and PTO

Tuition assistance

Wellness program

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 support product launches, build pricing tools, and contribute to actuarial models and data sources across multiple lines of business.

The role requires a bachelor’s degree, progress toward CAS membership, and 4+ years of insurance pricing experience.

Qualifications

• Bachelor's degree in related field.
• Progress toward membership in the Casualty Actuarial Society, as 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/techniques with some guidance.
• Excellent communication and interpersonal skills.
• Experience in R, Python, SAS, or other statistical software in insurance pricing applications.
• Excellent oral and written communication skills.

Responsibilities

• Support the launch of new products and expand capabilities for Wholesale & Specialty Insurance lines.
• Develop and maintain pricing tools for account pricing and portfolio steering.
• Prepare pricing analyses, including rates, loss projections, and communicating results.
• Develop and update actuarial models and databases through formula development and research.
• Support result monitoring, pricing and portfolio management projects for underwriters and management.
• Document and communicate assumptions, results, and alternatives to actuarial staff and clients.

Skills

Actuarial pricing

Communication

Statistical software

Education

Bachelor's degree

CAS exams in progress

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 support product launches, build pricing tools, and contribute to actuarial models and data sources across multiple lines of business.

The role requires a bachelor’s degree, progress toward CAS membership, and 4+ years of insurance pricing experience.