Job Description
About the position The Core Specialty Actuarial team is looking to grow the team supporting our Actuarial Pricing function. This individual contributor role will primarily be responsible for supporting analytics of ceded reinsurance and capital model during an exciting period of growth. The role will primarily focus on evaluating ceded reinsurance purchases, risk transfer analyses, developing and maintaining appropriate diagnostic tools, and providing actuarial subject matter expertise as needed to key stakeholders. Responsibilities • Develop risk analysis models specific to the reinsurance purchase while maintaining consistency between the different lines of business. • Perform any risk transfer testing analyses as required. • Perform rating agency capital utilization on a company-wide basis, and by individual product basis. • Support loss ratio planning in evaluating ceded loss ratios and monitor loss emergence against plan assumptions • Support the compilation of monthly and quarterly pricing reports, including key performance indicators and key risk indicators, while synthesizing and shaping key messages. • Assist with the evaluation of new program opportunities, and existing programs with rating agency capital utilization, and any reinsurance/collateral analytics as appropriate. • Provide actuarial peer review as appropriate. Requirements • A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required • Solid understanding and consistent demonstration of actuarial principles, techniques, and standards • 5 or more years of relevant experience; prior experience in Pricing and/or Reserving for Property & Casualty business • ACAS designation or higher • Actuarial analytical skills necessary to appropriately analyze and evaluate a wide variety of differing lines of business. • Demonstrable aptitude in areas such as business and technical communication, data analysis, leveraging technology, and strategic thinking. • Ownership of process, project. • Identifies opportunities for improvement. • Meets deadlines, knows appropriate level of urgency needed. • Early warnings brought forward. • Recognizes top priorities, assists with guiding priorities for the team. • Leverages relationships and establishes trust beyond the immediate team. • Solicits and reacts positively to feedback, provides feedback upon request. • Shares knowledge with broader actuarial group. • 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. • Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position. 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 Apply tot his job
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