Strategic Actuary - Reserving & Business Insights

Munich Reinsurance America, Inc; Princeton (NJ); On-site; USD 144,600 - 192,800; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays and PTO

Life and disability insurance

Retirement savings plan

Job summary

Munich Re America Services (MRAS) in Princeton, NJ is seeking an Actuary to support the Global Specialty Insurance US Reserving team. The role focuses on reserve analyses, IFRS17 considerations, and collaboration with Claims, Finance, and business units to drive financial results.

The ideal candidate will have a credentialed actuarial background, strong quantitative skills, and experience with insurance data warehouses. This position offers a competitive salary and comprehensive benefits.

Qualifications

• Bachelor's degree in economics, mathematics, actuarial science or a similar qualification with a strong quantitative focus; Masters or MBA preferred
• Credentialed Actuary (CAS or comparable)
• Experience in non-life (re)insurance (reserving, pricing, underwriting, risk management, controlling or similar disciplines)
• Excellent quantitative and analytical skills with emphasis on practical application
• Experience with insurance-related databases and data warehouses preferred
• Strong verbal and written communication skills, including the ability to explain technical concepts to non-technical audiences
• Ability to combine actuarial expertise with business judgment, stakeholder management, and clear communication
• Strong project management, process optimization and change management skills

Responsibilities

• Building trusted relationships with the GSI Business Unit and key stakeholders to foster open communication, align different interests, and enable effective collaboration across a complex global organization
• Acting as the interface between Corporate Reserving and the GSI Business Units, Claims, and Finance functions involved in the actuarial control cycle, both locally and globally
• Enhancing reserve analyses by working with the business unit to understand strategy, portfolio performance, and trends within the marketplace
• Taking ownership of assigned reserve reviews and actuarial analyses, including actual vs. expected comparisons, focused portfolio analyses, assumption setting, documentation, and communication of key drivers
• Translating reserving results into actionable business insights by explaining the combined impact of strategy, portfolio performance, external factors, and reserving decisions on financial results
• Understanding IFRS17 concepts and results at a level sufficient to interpret their relevance for reserving analyses and business discussions
• Identifying and implementing opportunities to improve reserving processes, reporting, automation, and data-driven analytics
• Collaborating in a diverse team with various backgrounds and skills aiming to maximize the quality of Corporate Reserving’s deliverables and the success of the Munich Re Group

Skills

Analytical skills

Verbal and written communication

Business judgment

Project management

Data warehouse experience

Education

Bachelor's degree in economics, mathematics, actuarial science

Masters or MBA preferred

Tools

CAS or comparable credential

Job description

Munich Re America Services (MRAS) in Princeton, NJ is seeking an Actuary to support the Global Specialty Insurance US Reserving team. The role focuses on reserve analyses, IFRS17 considerations, and collaboration with Claims, Finance, and business units to drive financial results.

The ideal candidate will have a credentialed actuarial background, strong quantitative skills, and experience with insurance data warehouses. This position offers a competitive salary and comprehensive benefits.