I have a NetCDF file of total monthly precipitation (precip.mon.total.v7.nc) spanning from 1901-2013 downloaded from 
https://www.esrl.noaa.gov/psd/data/gridded/data.gpcc.html and I need to derive the annual maximum monthly precipitation total for each pixel for each year in this timeseries. 

How can I do this using ArcGIS Desktop?