Senior Actuarial Analyst (Reinsurance Treaty Pricing) (Multiple Positions)
About The Position
Independently analyze and price reinsurance submissions and provide recommendations. Work closely with underwriters to help them understand the conclusions and the key assumptions built into the pricing analysis. Effectively communicate findings and results to internal and external stakeholders and all levels of management as required. Present pricing findings to the company President and serve as a key member in the referral process. Develop, maintain and enhance actuarial pricing tools and parameters. The role will focus on the reinsurance treaty pricing function, but will also participate in other functions with the department, including reserving, CAT modeling, and ERM. Perform CAT modeling and treaty profitability simulation analysis using ReMetrica or MetaRisk. Program using VBA or SQL to develop actuarial models or data manipulation. Develop actuarial pricing models with Excel to price reinsurance treaties. Train, mentor and develop junior staff. Support reserving, financial reporting and management reporting functions, as needed. Some telecommuting permitted.
Requirements
- Master's degree in actuarial science, operations research, applied analytics, or related
- Two (2) years of experience as an actuarial analyst, credit analyst or related
- Must have passed at least 5 Casualty Actuarial Society (CAS) exams.
- Hands-on experience with pricing reinsurance treaties
- Develop actuarial pricing models with Excel to price reinsurance treaties
- CAT modeling and performing treaty profitability simulation analysis using ReMetrica or MetaRisk
- Programming using VBA or SQL to develop actuarial models or data manipulation within pricing reinsurance
Responsibilities
- Independently analyze and price reinsurance submissions and provide recommendations.
- Work closely with underwriters to help them understand the conclusions and the key assumptions built into the pricing analysis.
- Effectively communicate findings and results to internal and external stakeholders and all levels of management as required.
- Present pricing findings to the company President and serve as a key member in the referral process.
- Develop, maintain and enhance actuarial pricing tools and parameters.
- The role will focus on the reinsurance treaty pricing function, but will also participate in other functions with the department, including reserving, CAT modeling, and ERM.
- Perform CAT modeling and treaty profitability simulation analysis using ReMetrica or MetaRisk.
- Program using VBA or SQL to develop actuarial models or data manipulation.
- Develop actuarial pricing models with Excel to price reinsurance treaties.
- Train, mentor and develop junior staff.
- Support reserving, financial reporting and management reporting functions, as needed.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Insurance Carriers and Related Activities
Number of Employees
5,001-10,000 employees
