Pricing Actuary

Ryan Specialty • Chicago, IL

6d • $92,000 - $115,000 • Hybrid

About The Position

This role will provide actuarial pricing support for the Ryan Alternative Risk. This position is part of a team in an area of strategic importance within Ryan Alternative Risk and Ryan Specialty. This role will collaborate with actuaries, underwriters, and brokers across the organization. This position follows a hybrid schedule, requiring on-site work 3–4 days per week. The role can be based at either of the following offices: Chicago, IL; Walnut Creek, CA; Media, PA; New York, NY.

Requirements

• Minimum of 3+ years of actuarial experience. Preferably in pricing
• Bachelor's degree in actuarial science, mathematics, finance, statistics, economics, or related field
• Actively taking and passing actuarial exams
• Strong technical aptitude including: Actuarial/quantitative/statistical skills Technology skills – Microsoft Office (excel, word, PowerPoint), programming/data manipulation (SQL, Python/R), presentation tools (Tableau/PowerBI, etc)., preferably experience with simulation tools (@Risk, etc.).
• Demonstrated strong understanding of the insurance business.
• Solid interpersonal, presentation, and communication skills
• Committed team player, client-focused, highly-motivated
• Strong attention to detail, ability to multi-task and meet deadlines in a fast-paced transactional environment.
• Ability to solve problems by asking questions and exploring solutions
• Willingness to get involved at all levels / all aspects of the process as necessary
• Ability to manage workload with minimal supervision.
• Experience working with large data sets and instances of incomplete/inconsistent data.
• Ability to think flexibly and react nimbly during critical moments.

Nice To Haves

• ACAS designation preferred, but not required

Responsibilities

• Pricing support for alternative risk transfer (structured/fronting), long-term care and physician/hospital liability programs, and commercial auto excess programs.
• Support profitability studies across all programs
• Support rater-built efforts for existing and new launched programs.
• Ad hoc actuarial analyses of industry data to develop Benchmarks to supplement account level pricing data.
• Provide actuarial support for product and tool development in support of new and existing initiatives.
• Support portfolio management for Ryan Alternative Risk.
• Collaboration with other actuaries and groups within Ryan Specialty.
• Consistent and efficient communication with key stakeholders throughout Ryan Alternative Risk
• Consistent and efficient communication with insurance partners and external actuarial teams
• Other relevant duties as assigned.

Benefits

• In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
• For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level