Senior Actuarial Analyst - Insurtech Pricing & Modeling

Munich Re Specialty - North America; Princeton (NJ); On-site; USD 84,500 - 140,900; Full time

Benefits offered by this job

Health insurance

Employee wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays and PTO

Bonus eligibility

Job summary

Munich Re Specialty - North America is hiring for actuarial pricing/rating support to assist Insurtech programs. You will analyze, model, and rate potential solutions, and support rate filings while collaborating with underwriters and clients.

The role requires a math-related degree, 4+ years in insurance pricing, ACAS, and four to six actuarial exams, with Python/SAS/R and PowerBI proficiency to drive data-driven decisions.

Qualifications

• Bachelor's degree in Mathematics, Actuarial Science, Economics, Business or related field.
• Passed four to six actuarial exams for Actuarial Analyst Senior level.
• ACAS for Associate Actuary level.
• At least four years of insurance/reinsurance and actuarial pricing experience.
• Good technical actuarial skills.
• Proficient in MS Office Suite, including PowerBI to be used for ratemaking, pricing, modeling stochastic distributions or data analysis.
• Experience in Python, SAS, R or other statistical software in insurance pricing applications.
• Excellent oral and written communication skills and interpersonal skills.

Responsibilities

• Prepare and complete pricing analyses with some guidance, including the development of rates, ultimate loss projections and communication of results.
• Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business.
• Understanding and ability to discuss and apply actuarial concepts involving exposure adjustments, trend, loss development, exposure rating with guidance.
• Identification of data issues requiring specialized actuarial attention
• Provide actuarial insight and expertise as a participant on a Line of Business Expert Group
• Pursue formal education via Casualty Actuarial Society (CAS) exams.
• Participate in training of others regarding actuarial analyses and methodologies.

Skills

Excellent oral and written comms

Interpersonal skills

Strong actuarial technical skills

MS Office Suite including PowerBI

Python

SAS

R

Actuarial pricing experience

Education

Bachelor's degree in Mathematics/Actuarial Science/Economics/Business or related field

ACAS for Associate Actuary level

Passed four to six actuarial exams

Tools

PowerBI

Python

SAS

R

MS Office Suite

Job description

Munich Re Specialty - North America is hiring for actuarial pricing/rating support to assist Insurtech programs. You will analyze, model, and rate potential solutions, and support rate filings while collaborating with underwriters and clients.

The role requires a math-related degree, 4+ years in insurance pricing, ACAS, and four to six actuarial exams, with Python/SAS/R and PowerBI proficiency to drive data-driven decisions.