Associate Actuary – Wholesale & Specialty Pricing

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

Benefits offered by this job

Health insurance

Wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays

PTO

Job summary

Munich Re Specialty - North America is seeking an Associate Actuary to support pricing and monitoring for Wholesale & Specialty Insurance. You will develop pricing tools, perform analyses, and contribute to actuarial models and data integrity in a collaborative environment.

We offer competitive compensation, comprehensive benefits, and a hybrid work model across multiple locations including Princeton, Philadelphia, New York, Chicago and Hartford. Join a diverse team focused on innovation.

Qualifications

• Bachelor's degree required.
• Progress toward Casualty Actuarial Society membership demonstrated by passing exams.
• 4+ years of experience in insurance pricing, preferably for commercial or specialty products.
• Ability to discuss/apply actuarial concepts/techniques with guidance.
• Excellent communication and interpersonal skills.

Responsibilities

• Support the launch of new products and pricing enhancements for Wholesale & Specialty Insurance lines.
• Develop and maintain pricing tools for account pricing and portfolio steering.
• Prepare pricing analyses including rates, loss projections, and results communication.
• Contribute to actuarial models and databases through methodology research and development.
• Support monitoring, pricing, and portfolio management projects for underwriters and management.
• Document assumptions, results, and alternatives to actuarial staff and clients.
• Identify data issues requiring specialized actuarial attention.
• Provide actuarial insight on a Line of Business Expert Group.
• Participate in training of underwriters, managers, analysts and actuaries on analyses and methods.

Skills

Communication skills

Statistical software (R, Python, SAS)

Education

Bachelor's degree in related field

Casualty Actuarial Society exams in progress

Tools

R

Python

SAS

Job description

Munich Re Specialty - North America is seeking an Associate Actuary to support pricing and monitoring for Wholesale & Specialty Insurance. You will develop pricing tools, perform analyses, and contribute to actuarial models and data integrity in a collaborative environment.

We offer competitive compensation, comprehensive benefits, and a hybrid work model across multiple locations including Princeton, Philadelphia, New York, Chicago and Hartford. Join a diverse team focused on innovation.