Senior Actuarial Associate - Pricing
About The Position
The Core Specialty Actuarial Pricing Team is looking for an Actuarial Associate or Senior Actuarial Associate. This dynamic role will primarily be responsible for supporting Errors & Omissions and Directors & Officers lines of business during an exciting time of growth. The role will primarily focus on monitoring the existing portfolio, evaluating prospective opportunities, performing studies to update pricing tool assumptions, and supporting business partners. Actuarial Associate or Senior Actuarial Associate title will depend on candidate’s qualifications such as years of experience and exam progress. Key Accountabilities/Deliverables: Ability to effectively communicate assumptions and results of analyses Assisting with the building and maintenance of pricing tools; including assisting with studies to update rating parameters Assisting with the loss ratio planning and premium budgeting process; monitoring actuals against plan assumptions; and providing summaries to Underwriting Management and Reserve Committee Assisting with the building and maintenance of tools to monitor pricing metrics, mix of business, and loss drivers of the portfolio Opportunity to evaluate new program opportunities through profitability analysis, return on capital, and other key metrics to inform senior leadership decisions Opportunity to work on a variety of business and with a variety of partners, including brokerage business, MGA-written program business, and business ceded to reinsurance treaties. In addition to the above key responsibilities, you may be required to undertake other duties from time-to-time as the Company may reasonably require.
Requirements
- Ability to work collaboratively with a variety of individuals in a variety of functions (e.g. Finance, Claim, Underwriting, Actuarial, Operations)
- Comfortable making judgements, yet open minded to hearing other opinions
- Strong communication skills
- Ownership of tasks, parts of project
- Education – Bachelor’s degree required, prefer degree in Actuarial Science, Computer Science, Business, Math, or Statistics
- 5+ Years Experience in Pricing and/or Reserving for Property & Casualty business
- Experience with effectively communicating results of analyses to business partners
- High proficiency in MS Office suit (Excel, PowerPoint, Word, etc.)
- A candidate having or currently pursuing ACAS or FCAS and taking actuarial exams
Nice To Haves
- Working knowledge of data visualization software (Power BI, Alteryx, etc.) preferred
Responsibilities
- Effectively communicate assumptions and results of analyses
- Assisting with the building and maintenance of pricing tools; including assisting with studies to update rating parameters
- Assisting with the loss ratio planning and premium budgeting process; monitoring actuals against plan assumptions; and providing summaries to Underwriting Management and Reserve Committee
- Assisting with the building and maintenance of tools to monitor pricing metrics, mix of business, and loss drivers of the portfolio
- Evaluate new program opportunities through profitability analysis, return on capital, and other key metrics to inform senior leadership decisions
- Work on a variety of business and with a variety of partners, including brokerage business, MGA-written program business, and business ceded to reinsurance treaties
Benefits
- At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.
- We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
