Data Analytics, Data Science, Predictive Analytics
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.
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.
Within Munich Reinsurance America, Inc., Specialty Markets provides customized risk transfer solutions that meet the needs of clients other than traditional insurance companies. Our clients include self-insurers, risk retention groups, pools, trusts and reciprocals as well as insurance intermediaries such as program administrations and wholesale brokers. Specialty Markets offers reinsurance as well as admitted and non-admitted insurance products to meet our clients’ specific needs. Our deep understanding of insurance and reinsurance, coupled with our unmatched experience in the alternative market, assures that our clients receive superior service from our best-in-class professionals.
Future focused and always one step ahead
As a member of our team, you will be responsible for coordinating analytical efforts to improve pricing and profitability through the use of predictive analytics to identify opportunities, refine rating plans and streamline processes. You will also be responsible for researching and analyzing insurance data for industry trends and key pricing attributes.
Key to the achievement of our goals to become a digital enterprise which leverages data analytics in order to make decisions about current and future risks, you’ll be empowered and expected to support and add to our culture of innovation and the data vision for the future.
Major responsibilities include:
Work with stakeholders to obtain a greater understanding of the needs of the business and the types of analysis that supports business goals.
Coordinate, prepare and perform predictive analytics analyses and modeling services to help improve the business results. Communicate results to other business units.
Provide consultation & clarification on predictive analytics & modeling techniques, methodologies, models & risk issues.
Manage documentation of analyses, and assist in preparing the business communication and services directly to other business units.
Develop insurance business solutions based upon insight discovered from data.
Determine and implement requirements for development of standard data sets that will be used for data analysis.
Develop and maintain databases and programs to manage data analysis efforts.
Perform data analysis and data mining to support various projects and build complex reports utilizing strong data visualization skills
Ensure data integrity to verify the accuracy of the datasets managed by organization.
Perform sensitivity analyses of key model parameters and assumptions.
Work with business units to develop training programs with a focus on knowledge sharing of analytical techniques
Successful candidates will possess the following skills/capabilities:
6+ years data and analytics experience including business intelligence, data mining, modeling and using predictive analytics tools. (Including 4+ years of applicable insurance experience).
Master's degree in Math, Statistics, Actuarial or related field.
Requires very strong abilities in problem solving including managing data mining and cleansing, with broad knowledge of economics, optimization, machine learning and database science.
Working knowledge of R preferred, but SQL or SAS programming languages acceptable.
Prior experience working with data and analytics programs through lifecycle (gathering data, design, recommendations, testing, implementation, communication, revisions)
Strong analytics and problem-solving capabilities required, including advanced skills in statistical analysis.
Strong communication and business relationship skills to effectively explain analysis, both verbally and in writing, to others and translate analysis into a clear business plan
Strong time management and organizational skills to gather and make use of data (both internal and external).
Pursuing Actuarial exams or continuing education via MOOC or other.
Strong understanding of actuarial knowledge and techniques, and various aspect of Property & Casualty insurance operations
Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company – that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.
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 you stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.