Associate Actuary, Wholesale & Specialty Pricing

Munich Re Specialty - North America; New York (NY); On-site; USD 102,000 - 170,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid time off 24 days/year

Annual bonus eligibility

Wellness program

Job summary

Munich Re Specialty - North America is seeking an Associate Actuary to support pricing and monitoring for the Wholesale & Specialty Insurance (WSI) lines. You will help launch new products, build pricing tools, and prepare analyses for underwriters and management.

Responsibilities include developing actuarial models, communicating assumptions and results, and collaborating with technical teams. Strong communication and pricing experience are essential.

Qualifications

• Bachelor’s degree in related field.
• Progress toward Casualty Actuarial Society membership via 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/apply actuarial concepts such as exposure adjustments, trend, loss development, exposure rating.
• Excellent communication and interpersonal skills; ability to explain technical concepts to non-technical audiences.

Responsibilities

• Support the launch of new products and expand capabilities of existing products for Wholesale & Specialty Insurance (WSI).
• Develop and maintain pricing tools for account pricing and portfolio steering.
• Prepare pricing analyses including development of rates, ultimate loss projections and communication of results.
• Participate in development/update of actuarial models and databases through formula development and methodology research.
• Support result monitoring, pricing and portfolio management projects for underwriters and management.
• Document and communicate assumptions, results, and alternatives to actuarial staff and internal clients.
• Identify data issues requiring specialized actuarial attention.
• Provide actuarial insight on a Line of Business Expert Group.
• Participate in training of others regarding actuarial analyses and methodologies.

Skills

Actuarial pricing

Communication

Data analysis

Actuarial concepts

Education

Bachelor’s degree

Progress toward CAS

Tools

R

Python

SAS

Job description

Munich Re Specialty - North America is seeking an Associate Actuary to support pricing and monitoring for the Wholesale & Specialty Insurance (WSI) lines. You will help launch new products, build pricing tools, and prepare analyses for underwriters and management.

Responsibilities include developing actuarial models, communicating assumptions and results, and collaborating with technical teams. Strong communication and pricing experience are essential.