The Actuarial Manager Senior will lead a team of actuarial professionals who provide actuarial pricing services to MRSI’s Public Entity Risk Solutions (PERS) business. Direct the development and application of pricing tools, algorithms and parameters and leveraging data and analytics to support the business’s profitability and growth goals.
Prioritize and lead actuarial and pricing analytics activities of team, while balancing potentially conflicting demands, and partner with business unit to monitor and steer portfolio to meet profitability and growth goals.
Lead the development of new methodologies, products and procedures, integrating traditional actuarial techniques and advanced analytics. Lead the development, maintenance and enhancement of actuarial models which support the business plan and develop written specifications as needed. Lead efforts to streamline processes and workflow.
Maintain current knowledge of trends and products in the (re)insurance industries, with a focus on the public entity sector, and ensure reflection in pricing guidelines, practices, parameters and models, as appropriate.
Complete peer reviews on actuarial work and provide constructive feedback, as needed, ensuring actuarial work products comply with applicable standards of practice.
Interact with internal and external contacts to improve quality and knowledge of work product.
Participate in client visits or audits as needed. Act as liaison on actuarial/analytics-related discussions.
In collaboration with actuarial colleagues, participate in defining appropriate actuarial polices, practices, and standards across the division.
Assess training needs and ensure the technical and professional development of the team. Lead the team in the training of underwriters, Client managers and underwriting assistants regarding actuarial analyses and methodologies. Actively manage exam study-time and continuing education and training of team.
Successful candidates will possess the following experience/skills/qualifications:
Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field requiring modeling, programming, or quantitative analysis.
Membership in the Casualty Actuarial Society with the attainment of Fellowship (FCAS) and membership in the American Academy of Actuaries (MAAA).
Twelve (12) years of insurance/actuarial experience with at least five (5) year in commercial insurance pricing.
Five (5) years of management experience (direct and/or non-direct reports).
Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.
Strong technical skills including model building and data capture.
Knowledge of advanced analytics.
Excellent oral and written communication skills.
Internal Number: 4530BR
About Munich Re
The Insurance Operations
Munich Re US recently launched a new insurance operations described as Munich Re Specialty Insurance (MRSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded.
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 reinsurance coverages, to niche and specialty reinsurance and insurance products.
At Munich Re US, we see Diversity 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 an...d 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.