Assistant Actuarial Analyst, Reserving

Aegis•Jersey City, NJ

2d•$70,000 - $80,000•Hybrid

About The Position

AEGIS Insurance Services, Inc. (“AEGIS”) has an immediate opening for an Assistant Actuarial Analyst, Reserving to support the development, maintenance, and enhancement of models, collaborate cross-functionally with internal stakeholders such as Claims, Underwriting, and IT, and contribute to rate monitoring and adequacy analyses. The ideal candidate is analytically strong, a clear communicator, and actively pursuing membership in the Casualty Actuarial Society (CAS).

Requirements

Actuarial internship or relevant experience in the insurance industry desired
Undergraduate degree in Actuarial Science, Mathematics, Statistics, or a related discipline
Completion of at least 1 CAS exam desired
Proficiency in Microsoft Excel, including advanced functions and data analysis tools
Demonstrated ability to think programmatically and apply problem-solving skills
Exposure to programming languages such as SAS, R, Python, SQL, and/or VBA is desired, with the ability to manipulate data, automate processes, and support model development

Nice To Haves

Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
Proactively addresses opportunities to enhance AEGIS’ people, processes, products, and services, takes ownership for one’s responsibilities by acting with integrity and in the best interest of the organization and stakeholders
Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers

Responsibilities

Support reserve analyses across various lines of business
Assist in producing quarterly reserving analyses, identifying trends and the underlying factors contributing to movements
Contribute to the semi-annual reviews of reserve adequacy and support the development of reserving strategies by analyzing historical performance, trend studies, industry benchmarks, and emerging risks to evaluate reserving effectiveness and inform strategic decision-making
Support the development, maintenance, and enhancement of actuarial reserving models to support reserving requests and improve reserving precision
Contribute to the development and implementation of predictive analytics tools to enhance reserving precision and identify new risk signals
Assist in maintaining thorough documentation of model assumptions, methodologies, and updates to ensure transparency and reproducibility
Validate and reconcile data inputs to ensure the integrity of reserving analyses and model outputs
Assist in the preparation of internal and external reports in a timely and accurate manner, identifying trends, potential questions, and areas for further exploration
Collaborate with IT and Data teams to ensure data integrity and support automation of actuarial processes
Collaborate closely with Claims and other business units to ensure reserving recommendations are well-informed and actuarially sound
Build and maintain strong working relationships with non-actuarial functions to enhance cross-functional understanding and alignment
Assist in the presentation and explanation of actuarial results using sound judgment and discretion, tailoring content to the audience and business context
Communicate complex actuarial concepts clearly and concisely to non-technical stakeholders, supporting informed decision-making
Maintain steady progress toward CAS credentials and actively participate in internal training, knowledge-sharing sessions, and industry learning opportunities
Stay current with emerging actuarial tools, techniques, and industry trends to continuously improve analytical capabilities