Associate Actuary - Reinsurance Pricing

UFG Insurance•,

4d•$123,865 - $163,368•Remote

About The Position

UFG is looking for a highly skilled actuarial professional striving to make a difference at a growing, innovative company. As an Associate Reinsurance Actuary, you will apply advanced actuarial techniques and professional judgment to evaluate complex reinsurance opportunities, influence underwriting strategy, and support portfolio management objectives. In partnership with underwriting, catastrophe modeling, claims, and business leaders, you will provide actuarial insights that drive profitable growth and informed decision-making across the organization. In addition to leading complex pricing analyses, this role provides technical leadership through the review of work prepared by other actuarial team members, mentorship of developing professionals, and contributions to pricing methodologies, tools, and best practices. The Associate Reinsurance Actuary is expected to operate with a high degree of independence, influence business decisions through actuarial expertise, and serve as a trusted advisor to both technical and non-technical stakeholders. This role also offers participation in UFG’s Actuarial Student Program to allow for further development.

Requirements

Bachelor’s degree in actuarial science, mathematics, statistics, or related field
ACAS designation strongly preferred OR near completion of ACAS with demonstrated ability to perform work requiring advanced actuarial judgment
6+ years of Commercial Insurance or Reinsurance pricing experience; Reinsurance pricing experience preferred.
Strong technical skills.
Excellent verbal and written communication skills.
Ability to translate mathematical models into strategic advice is critical in this role
Experience with pricing tools at a large reinsurance company or broker

Nice To Haves

Proficiency with SQL, Python and/or R a plus.
Knowledge of R, Python, SQL and data visualization software a plus

Responsibilities

Perform pricing reviews for complex new and renewal reinsurance business to support the UFG growth plan, including:
Work with underwriters to develop timely and accurate pricing analyses and recommendations.
Peer review work of other actuaries on the Reinsurance Pricing Team.
Mentor analysts on the Reinsurance Pricing Team
Make informed actuarial recommendations based on professional judgment and experience
Lead in the development, governance, and enhancement of best-in-class experience and exposure rating tools for the business.
Perform premium forecasting in support of the quarterly reserving and planning process.
Support UFG’s portfolio steering efforts through analysis of industry exposures and the relationship between UFG and industry results.
Partner with underwriting leadership to identify portfolio opportunities, concentration risks, and product strategies