Sr. Actuarial Analyst

Munich Re Princeton, NJ
Overview:

A global leader in the P&C primary and reinsurance market, Munich Re is looking to expand our US reserving team with additional analysts. The current reserving department includes two actuarial teams, one focused on strategic analyses and reporting, the other focused on traditional monitoring and reserving. This position will provide analyses on projects and be responsible for reserving recommendations for specific lines of business. The analyst will have access to and work under the guidance and mentoring of talented senior level actuaries and will be encouraged to work more broadly with the entire global team of actuaries within the group. The analyst will be expected to work independently and on teams, will have ownership of their own career path, and be able to influence and develop new processes and analytics to meet the needs of the department. Finally, the company has a competitive and supportive actuarial program and the analyst will be encouraged to continually learn and advance throughout the organization.

Summary:

* Coordinate, prepare and perform actuarial analysis to assist in the development of complex actuarial formulations leading to the recommendations. Communicate results to more senior actuaries.

* Provide consultation and clarification on actuarial models and risk issues. Maintain documentation of actuarial analysis, and may assist in preparing the actuarial responses and reporting.

Position Responsibilities:

* Prepare and complete actuarial analysis with minimal supervision or guidance appropriate for the functional area. May include rate filings, ultimate loss projections, pricing studies, risk capital modeling, portfolio analysis, research projects.

* Participate in the development of actuarial presentations and present results/topics to clients (internal & external) and management as requested

* Create new or modify & enhance existing applications to address special issues, with limited guidance.

* Complete and/or direct the completion of required data preparation, including data input, under general direction. Identify data & operational issues requiring specialized actuarial attention.

* Document and communicate assumptions, results and alternatives to actuarial staff and internal and external clients.

* Coordinate the development of new methodologies/products/procedures with minimal guidance.

* Peer review technical actuarial work and provide constructive feedback as needed. Coach less experienced employees as needed.

* Prepare for and pass Actuarial Exams