Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Actuary Sr

Location Princeton, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 14124 Company Munich Re America Services Employment type Regular Area of expertise Actuarial & Risk Management
Apply Now

Company: Munich Re America Services, Inc.

Position: Actuary Sr.

Location: Princeton, New Jersey

Job Type: Full-Time

Salary Range: $237,250 to $237,250 per year

Duties: Lead cross-functional initiative with IT to streamline and upgrade legacy actuarial systems by designing and implementing automated, scalable and efficient solutions.           Conduct detailed reserve analyses across various actuarial segments, ensuring accuracy, consistency, and compliance with internal standards. Perform peer reviews of reserving analyses prepared by other team members. Support the quarterly and annual closing and reporting processes for the non-life reinsurance business. Ensure compliance with Statutory, GAAP, Solvency II, and IFRS reporting requirements. Work with Central Reserving, Business Units, Accounting, IT and other internal stakeholders to streamline actuarial and reserving operations that align with overall business goals.

Requirements: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Engineering or a closely related field plus 6 years as an Actuary, Actuarial Associate, Actuarial Analyst or closely related position in the property & casualty (P&C) insurance industry. Alternatively, will accept Master’s degree in same fields plus 4 years of work experience in same positions. Must be a Fellow of the Casualty Actuarial Society (FCAS) or other comparable actuarial society. Prior work experience must include: Evaluating loss emergence, conducting actuarial assessments and ensuring accuracy and consistency across segments; Implementing technology-enabled workflows that combine actuarial methods with IT development practices by collaborating with IT teams in projects involving enhancements of the legacy systems; Integrating actuarial models and operational processes within enterprise business workflows to streamline loss estimation, reporting and data preparation tasks; Identifying any data anomalies, investigating discrepancies, and reconciling inconsistencies across multiple sources; Ensuring that actuarial data reporting is accurate, compliant and reasonable to support sound business decision making process; Performing actuarial analyses, building actuarial models and automating systems; Analyzing loss trends, loss emergence, model outputs to support data-driven decision making; Using statistical programming languages and tools including R, SAS, SQL, Python; and, building dashboards for actuarial KPIs using data visualization tools such as Power BI, Tableau. May telecommute but must have ability to report to the Princeton, NJ office 2 times per week.

Benefits: Opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

Apply Now

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.