Senior Actuarial Analyst – Digital Underwriting & Pricing

Munich Re Specialty - North America; New York (NY); On-site; USD 96,000 - 141,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays and PTO

Yearly bonus

Health and wellness programs

Job summary

Munich Re Specialty - North America seeks a Sr Actuarial Analyst to provide pricing/rating support for Digital Underwriting, covering lines like Excess & Surplus Homeowners, Commercial Property and General Liability.

You will develop rates, loss projections and trend analyses, collaborating with underwriting, data science and engineering to drive profitability and model enhancements in a dynamic environment. NYC-based role with a strong benefits package.

Qualifications

• Bachelor's Degree in Mathematics, Actuarial Science, Economics, Business or related field.
• Passed at least four (4) Casualty Actuarial Society exams.
• At least three (3) years of insurance/reinsurance and actuarial pricing experience.
• Good technical actuarial skills.
• Understanding and ability to discuss and apply actuarial concepts/techniques with guidance.
• Proficient in MS Office Suite, including PowerBI for ratemaking, pricing, modeling or data analysis.
• Experience using R, Python, SAS or other statistical software in insurance pricing is preferred.
• Excellent oral and written communication skills.
• Good judgemental and problem-solving skills.
• Good time management and organizational skills.

Responsibilities

• Partner with the business unit as a trusted advisor to drive pricing excellence for Digital Underwriting across lines including Excess & Surplus Homeowners, Commercial Property and General Liability.
• Prepare and complete pricing analyses, development of rates, loss projections and trend studies with some guidance.
• Participate in development and update of actuarial models and databases through formula development and research on methodologies.
• 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.
• Research relevant competitor rates and industry trends to serve as benchmarks for pricing.
• Provide actuarial insight on assumptions and parameters as part of MRAP group.
• Collaborate with underwriting, data science and engineering to resolve issues during testing and integration of pricing models.

Skills

Analytical skills

Communication

Team collaboration

Problem solving

Time management

Education

Bachelor's degree in Mathematics/Actuarial Science/Economics/Business

Tools

PowerBI

MS Office

R

Python

SAS

Job description

Munich Re Specialty - North America seeks a Sr Actuarial Analyst to provide pricing/rating support for Digital Underwriting, covering lines like Excess & Surplus Homeowners, Commercial Property and General Liability.

You will develop rates, loss projections and trend analyses, collaborating with underwriting, data science and engineering to drive profitability and model enhancements in a dynamic environment. NYC-based role with a strong benefits package.