Risk Analyst
About The Position
Knight Insurance Group is a leading insurance carrier seeking a Risk Analyst to join our team in Los Angeles. The Risk & Data team are 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 have great 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. The Risk Analyst will report to the VP of Risk. The Risk & Data team conducts complex analyses of insurance industry data to identify trends, patterns, and insights. The team often meets to discuss questions or concerns in order to meet objectives and accomplish tasks/projects.
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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
