Actuary II

GREATER NEW YORK MUTUAL INSURANCE COMPANY•New York, NY

8d•$122,300 - $235,500•Hybrid

About The Position

The purpose of this job is to develop pricing and underwriting tools, automate ratemaking process and provide strategic pricing recommendations based on in-depth profitability analysis to optimize business profitability and improve pricing accuracy through actuarial methodologies, technologies and rate filings. This job will perform and communicate pricing goals for large accounts, excess and non-admitted business. This job will also perform reinsurance pricing and reserving estimation.

Requirements

Bachelor's degree from an accredited institution in Actuarial Science, Mathematics, Statistics or a related field required.
Minimum 10 years of professional experience specialized in the actuarial field required.
ACAS designation required
Proficient in Excel (VBA), PowerPoint, Word, and SQL or other programming languages (e.g. R and Python) required
Strong ability to quickly learn new programming languages or software.
Strong ability to resolve problems and develop action plans.

Nice To Haves

FCAS designation preferred.
Working knowledge of PowerBI or Tableau preferred.

Responsibilities

Develop and maintain pricing and underwriting tools, such as policy rating models, large account pricing tool to provide pricing accuracy and facilitate data-driven decision-making across functions.
Provide strategic insights and recommendations to inform company pricing strategies and portfolio management, leveraging data such ultimate loss ratio, frequency and severity loss trends, sold to manual ratio and other key performance metrics to optimize profitability outcomes.
Partner with underwriting and product development to analyze and enhance risk selection criteria, policy terms, and rating variables.
Automate ratemaking process and actuarial reporting for operational efficiency
Communicate complex actuarial concepts and findings to non-technical stakeholders, including senior leadership.
Lead special projects and perform additional duties as requested.