Actuarial Associate - Pricing

Core Specialty Insurance Holdings, Inc.•Chicago, IL

1d•$95,000 - $130,000•Hybrid

About The Position

The Core Specialty Actuarial team is seeking to expand its Actuarial Pricing function. This individual contributor role will primarily support the Marine, Surety, and Aviation & Aerospace Divisions, with additional support for the Property and Equine Divisions as needed. The role will focus on evaluating the adequacy of pricing for the existing portfolio, developing and maintaining diagnostic tools, and providing actuarial subject matter expertise to key stakeholders.

Requirements

A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
2 or more years of relevant experience
4 or more exams completed
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.

Nice To Haves

Ownership of tasks, parts of project/BU.
Works within deadlines, becoming aware of where sense of urgency is needed.
Able to manage time and prioritize as needed.
Adapts future behaviors based on prior mistakes
Fosters effective relationships with business partners; is considered key resource.
Solicits, accepts, and reacts positively to feedback.
Shares knowledge with team.

Responsibilities

Assists with the development of new rating tools when requested, while supporting existing rating tools
Assist with premium budgeting and loss ratio planning as requested
Supports pricing of new program opportunities and existing programs and product lines with technical pricing, expected loss ratios, indicated capital utilization, and any reinsurance analytics as requested
Assists with preparations of monthly, quarterly, and/or ad-hoc reports as needed, while synthesizing and shaping key messages
Supports rate filings as requested
Applies fundamental actuarial principles in analyzing company and industry data to prepare actuarial analyses
Prepares and may help present summaries of actuarial analyses for distribution to business partners and senior leadership
Participates in the development and documentation of actuarial department processes
Prepares for and progresses in the CAS examinations through on-the-job and home study
Undertake other related duties from time to time as the Company may reasonably require.