Job summary
Job post source
This job is directly from Munich Re Specialty - North America
Job overview
The Actuary - Pricing Tools role at Munich Re Specialty - North America focuses on leading the development and modernization of pricing tools to enhance underwriting and pricing capabilities across multiple insurance lines.
Responsibilities and impact
The candidate will lead pricing tool development, collaborate with actuarial, underwriting, IT, and operations teams, drive integration across business units, support new product launches, and improve existing product capabilities.
Compensation and benefits
The position offers a base salary range of $141,800 to $226,100 depending on location, plus company bonuses, health insurance, wellness programs, life and disability insurance, 401k match, retirement plans, paid holidays, and PTO.
Experience and skills
Candidates should have 5+ years in insurance pricing or actuarial roles, a related bachelor's degree, ACAS or FCAS membership, experience with pricing tools especially cloud platforms, and strong skills in Python, R, or SAS, along with excellent communication and interpersonal abilities.
Career development
The role offers opportunities to lead innovation in pricing tools and collaborate across departments, supporting professional growth in actuarial leadership and technical expertise within a global specialty insurance firm.
Work environment and culture
Munich Re Specialty values diversity, equity, and inclusion, fostering an inclusive culture where employees feel respected, valued, and empowered to perform their best in a dynamic and experienced organization.
Company information
Munich Re Specialty - North America is a leading specialty insurance provider offering casualty, professional lines, property, surety, and public entity coverages with strong financial backing and a global presence.
Team overview
The candidate will join a diverse team of experts focused on innovative solutions, working closely with actuarial colleagues, underwriting, IT, and operations teams across multiple locations.
Job location and travel
The role is based in one of several locations including Princeton, NJ; Philadelphia, PA; New York City, NY; or Hartford, CT, with salary adjusted for geographic market differences.
Unique job features
This role is distinguished by its leadership in modernizing pricing tools using cloud platforms and fostering interconnectivity across business units within a major global specialty insurer.
Company overview
Munich Re Specialty - North America is a division of Munich Re, a global leader in reinsurance, primary insurance, and insurance-related risk solutions. This division focuses on providing specialty insurance products and services tailored to the unique needs of clients in North America. They generate revenue by underwriting a diverse portfolio of specialty risks, including cyber, marine, and energy, among others. The company has a rich history rooted in Munich Re's longstanding reputation for innovation and financial stability in the insurance industry. Candidates should be aware of their commitment to leveraging advanced analytics and technology to deliver customized risk management solutions.
How to land this job
Position your resume to clearly highlight your actuarial expertise in pricing tool development, especially emphasizing experience with cloud-based platforms and proficiency in Python, R, or SAS, as these are key to the role at Munich Re Specialty - North America.
Focus on demonstrating leadership in modernizing pricing tools, collaboration with underwriting, IT, and operations teams, and your ability to drive innovative solutions within established insurance environments.
Apply through multiple channels including the official Munich Re Specialty - North America corporate careers page, LinkedIn job postings, and relevant insurance industry job boards to maximize your application visibility.
Connect on LinkedIn with current actuaries, underwriting leaders, and IT professionals at Munich Re Specialty - North America. Use ice breakers like commenting on recent company innovations, asking about their experience with pricing tool modernization, or expressing enthusiasm about Munich Re’s commitment to diversity and innovation.
Optimize your resume for ATS by incorporating keywords from the job description such as 'pricing tools development', 'cloud-based actuarial platforms', 'Python', 'R', 'SAS', 'Casualty Actuarial Society', and 'innovative underwriting solutions' to improve screening success.
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