Title:  Actuarial Analyst

Actuarial Analyst

Hiring Manager:  Jennifer Rehbit

Recruiter:  Jessica Pruiti 

Level 6

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional

The Opportunity

Future focused and always one step ahead!

Corporate Reserving employs quantitative and qualitative methods to perform and oversee the loss reserve analyses for Munich Re’s property and casualty business in the US. This involves continuous monitoring of the reserve position, and the further development of actuarial methods, the underlying systems, and tools to support this.  Additional responsibilities are the assessment of reserve uncertainty and risk, and financial reporting on non-life technical provisions under IFRS17, Solvency II, US GAAP and Statutory standards. 

In addition, you will provide analytic support to more senior actuarial roles within Corporate Reserving in various analyses providing many opportunities for mentoring.  

Responsibilities

• Collaborate 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

• Establish key relationships with the GC/NA Business Unit to create a trusting environment that facilitates open and honest communication

• Communicate and act as an interface between Corporate Reserving and the GC/NA Business Unit team, Global Reserving team, as well as Controlling, Planning, Accounting and Claims staff locally and globally

• Perform actuarial analyses including reserve review, actual vs. expected comparisons, and focused portfolio analyses

• Provide quality assurance and analysis of IFRS17 data and results

• Enhance reserve analyses by working with the business unit to understand strategy, portfolio performance, and trends within the marketplace

• Participate and create actuarial presentations and present results/topics to both actuarial and non-actuarial audiences, including management

• Provide the business unit understanding and insight into their results due to the combined impact of their strategy, portfolio performance, external factors, and reserving decisions

• Build trusted relationships and aligning different interests in a complex organization

Qualifications

• Bachelor’s degree in mathematics, actuarial science, economics, business or a related field requiring modeling, programming, or quantitative analysis.

• Striving to become a credentialed Actuary (CAS or comparable), with 1+ exams passed

• Excellent quantitative and analytical skills with emphasis on practical application

• Strong oral and written communication skills, including the ability to explain technical concepts to non-technical audiences

• Good time management and organizational skills include managing conflicting priorities and completing multiple tasks and projects

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.