Executive Job Description | The individual in this position will utilize a wide variety of advanced reserving techniques. Lines of business analyzed will include commercial multi-peril, liability, energy, aviation, and D & O .
This position will report to the Senior Actuary. In addition to being technically proficient, this individual must have strong oral and written communication skills. This position requires frequent interaction with senior management, including the Chief Actuary of Corporate Actuarial - Reserving, as well as the Senior Vice President and Corporate Actuarial
Responsibilities:
Assist in the quarterly reserving process and ensuring that the results are accurate and complete. Because of the high severity and low volume of our business, assumptions regarding expected loss ratios and loss development factors in the reserve analysis will often rely upon external data.
Acquire both internal and external qualitative and quantitative data to produce and document loss ratio and development factor studies in order to provide support to our results to both internal and external parties.
Ensure validity of data from various internal data sources, systems and requirements and be a liaison between the IT department and Actuarial department to ensure validity of data
Develop validity checks of data to ensure updates are timely and accurate.
Undertake analysis on various reserving related topics, such as impact on deductibles on loss development patterns, aggregate deductable policies, and ULAE.
Assist in the development of monitoring report and tools that will enable Corporate Actuarial practice to communicate pertinent results to senior management and demonstrate there impact on the corporate financials.
Additional studies and projects as needed.
This position is a range posting for a Grade 16 Senior Actuarial Analyst or a Grade 18 Assistant Actuary based on experience.
Qualifications:
· Strong analytical skill with a solid understanding of actuarial techniques
· Creative problem solving skills
· Strong desire to learn new techniques.
· Modeling experience and data processing skills using tools such as excel, vba or Access is preferred, but not required.
· Strong oral and written communication skills and a proven ability to communicate results at all levels of the organization.
· 4-7 years of individual contributor work in Property and Causality insurance industry with increasing levels of responsibility and ownership of projects and leadership.
· Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
· Completion of at least 5 CAS actuarial exams
· Completion of additional exams or FCAS preferred
Benefits:
We recognize that talented people are attracted to companies that provide competitive pay, comprehensive benefits packages and outstanding advancement opportunities. For this reason we offer a Comprehensive Benefits Plan that includes the following:
401K and Company paid pension plan
Medical coverage
Dental coverage
Paid time-off
Pay-for-Performance
Discounts on automobile and homeowner's insurance
Discount fitness memberships
Flexible spending accounts
Tuition reimbursement
Vision care coverage
Work/Life resources
Credit Union membership
Employee and Dependent life insurance
Disability insurance
Long-term care insurance
Overview:
We believe strongly that commercial success can be achieved in a manner consistent with principles and ideals that bind us together as one company, that set us apart from our competitors, and that in the end will allow us to say we have succeeded commercially by doing the right thing the right way.
We believe that the Company's success is inextricably linked to our employees' satisfaction and success: satisfaction that they work for an industry leader committed to improving safety, satisfaction that they work for a company that does the right thing, and satisfaction that the company will reward them for their contributions and provide opportunities for personal growth and success.
We believe our employees take pride in knowing that they help people live safer more secure lives everyday.
Responsibility. What's your policy?
Job Actuarial
Primary LocationUS-NY-New York
Schedule Full-time
Salary (Pay Basis)
77,400-164,700
Education Level Bachelor's Degree (±16 years)
Shift Day Job
Travel Yes, 10% of the time |
