Associate Actuary, Wholesale & Specialty Pricing

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

Benefits offered by this job

Health insurance

401(k) plan match

Paid time off 24 days

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 develop pricing tools, prepare analyses, and collaborate with underwriters and management to steer portfolios.

The role requires a four-plus years pricing background in insurance, strong communication, and actuarial software proficiency. Multiple U.S. locations possible.

Qualifications

• Bachelor’s degree in a related field is required.
• Progress toward Casualty Actuarial Society membership is expected.
• Four or more years of pricing experience in insurance, preferably commercial or specialty.
• Strong communication skills and ability to explain complex concepts to non-technical audiences.

Responsibilities

• Support the launch of new products and expand pricing capabilities for WSI.
• Develop and maintain pricing tools for account pricing and portfolio steering.
• Prepare pricing analyses including rates and loss projections.
• Develop and update actuarial models and databases with researchers.
• Support result monitoring, pricing and portfolio management for underwriters.
• Document assumptions, results, and alternatives for actuarial staff.
• Identify data issues requiring actuarial attention.
• Provide actuarial insight as a participant on a Line of Business Expert Group.
• Participate in training of underwriters and analysts on analyses and methodologies.

Skills

Actuarial concepts

Pricing analytics

Communication skills

Statistical software

Education

Bachelor’s degree in related field

Progress toward Casualty Actuarial Society membership

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 develop pricing tools, prepare analyses, and collaborate with underwriters and management to steer portfolios.

The role requires a four-plus years pricing background in insurance, strong communication, and actuarial software proficiency. Multiple U.S. locations possible.