Risk Analyst

Knight Insurance Group•Los Angeles, CA

1d•Onsite

About The Position

Knight Insurance Group is a privately-owned property & casualty Insurance company with total assets of over $1.7 billion. Part of their mission is to encourage creativity at all levels and embrace new technology, striving to provide dependable insurance solutions through commitment to innovation, technology, and efficiency. Knight Insurance Group is seeking a Risk Analyst to join their team in Los Angeles. The Risk & Data team is looking for an individual who demonstrates attention to detail to evaluate risk, estimate losses, and assist in quantitative review of Knight’s rates across various programs. The individual should be self-motivated, organized, and possess strong quantitative skills. The candidate will need to understand various actuarial methods to estimate loss and be able to use industry data to make projections on lifetime loss.

Requirements

Bachelor’s degree in mathematics, actuarial science, statistics, or some other analytical field.
Knowledge of statistics, probability, and calculus
Strong written and verbal communication skills to clearly relay information to other employees at the company or the client
Analytical skills to determine specifics of insurance policies and avoid any errors that would lead to negative consequences
Experience with computers and statistical modeling software
Knowledge of business and financial concepts
Organizational skills to keep track of multiple projects or cases at a time

Nice To Haves

Prior experience in insurance preferred

Responsibilities

Studying statistical data for the purpose of creating an analysis
Creating estimates of probability and likely costs for a given event such as death, natural disaster, or sickness.
Calculating how insurance policies for different types of coverage are likely to pay out
Generating charts and presenting them at meetings along with explaining the information
Analyzing reports to determine next steps for the company or client
Preparing actuarial proposals for management and business partners
Developing recommendation on rates and rating plan to satisfy financial objectives of the organization
Review pricing algorithms, understand key underwriting metrics, engage with, identify with the risk team and external actuaries to assist in quantifying Knight's reserve adequacy.

Benefits

Medical, Dental, and Vision benefits.
Supplemental life insurance policies for you and your dependents
Long term disability insurance
Flexible Spending Account (FSA)
Employer paid life insurance
Retirement plans: Employer match, 401(k) and Employee Stock Ownership Plan (ESOP)
Metro-link Reimbursement
Career Path Opportunities
Onsite Gym with group Yoga and Pilates; classes
UKG Wallet (access to your pay before payday)
Tickets at Work- Discounts on parks, museums, movie tickets and much more
AT&T Wireless Discounts
Midway Rent a Car- Rental car Discounts
Dell Member Purchase Program