Actuarial Assistant
Apply NowCompany: TransRe
Location: New York, NY 10025
Description:
About Us
Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:
Integrity Work honestly, to enhance TransRe's reputation
Respect Value all colleagues. Collaborate actively.
Performance We reward excellence. Be accountable, manage risk and deliver TransRe's strengths
Entrepreneurship Seize opportunities. Innovate for and with customers.
Customer Focus Anticipate their priorities. Exceed their expectations.
We have the following job opportunity in our New York City office:
Description
The Actuarial Assistant will work within our Reserving/Financial Reporting and Capital Modeling teams and will report to a Vice President within the Reserving and Financial Reporting area. This is a great opportunity for an early-career professional looking to start their actuarial career in the reinsurance industry. You will participate in the Actuarial study program working towards achieving ACAS/FCAS designations. Responsibilities required of this role include, but are not limited to:
Quarterly Analysis & Year-End Financial reporting
Corporate Reserve Study
Capital Modeling
Requirements
Work Schedule
TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office's practices and preferences, marketplace trends, and TransRe's business objectives. This position is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.
Compensation
In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $80,000 - $95,000. This range is an estimate, and the actual base salary offered for this position will be determined based on certain factors, including the applicant's specific skill set and level of experience.
We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.
Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:
Integrity Work honestly, to enhance TransRe's reputation
Respect Value all colleagues. Collaborate actively.
Performance We reward excellence. Be accountable, manage risk and deliver TransRe's strengths
Entrepreneurship Seize opportunities. Innovate for and with customers.
Customer Focus Anticipate their priorities. Exceed their expectations.
We have the following job opportunity in our New York City office:
Description
The Actuarial Assistant will work within our Reserving/Financial Reporting and Capital Modeling teams and will report to a Vice President within the Reserving and Financial Reporting area. This is a great opportunity for an early-career professional looking to start their actuarial career in the reinsurance industry. You will participate in the Actuarial study program working towards achieving ACAS/FCAS designations. Responsibilities required of this role include, but are not limited to:
Quarterly Analysis & Year-End Financial reporting
- Reviewing profitability of US and worldwide results, including analyzing projected vs actual and document findings.
- Collaborating with property underwriters and claims handlers to track cat losses and associated recoveries from corporate reinsurance.
- Supporting the completion of US Stat (Schedule P) and US GAAP (10K) exhibits.
- Working with the Finance team on initial data gathering and deliverables.
- Collaborating with the team and IT to modernize our Schedule P model.
Corporate Reserve Study
- Utilizing Chain-Ladder and Bornhuetter-Ferguson methods to analyze multiple lines of business and branches.
- Aggregating worldwide results, documenting findings and addressing questions from auditors.
- Assisting in the development and testing of a new reserve study model built internally.
Capital Modeling
- Modeling various economic scenarios based on upcoming calendar year budget.
- Gaining knowledge of the four risk pillars: Reserving, Underwriting, Catastrophe, and Market, and understand how they work together.
- Using Snowflake, Python, and ResQ to analyze and run capital model.
- Assisting in various ad-hoc actuarial projects as needed.
Requirements
- Bachelor's degree in Actuarial Science, Mathematics, Finance or related major
- Experience with actuarial pricing or reserving in the (re)insurance industry
- Successful completion of at least 2 actuarial exams
- Proficiency in Excel
- Experience with PowerBI, Snowflake, SQL, Python is a plus
- Strong written and oral communication skills Strong analytical and problem-solving skills
Work Schedule
TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office's practices and preferences, marketplace trends, and TransRe's business objectives. This position is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.
Compensation
In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $80,000 - $95,000. This range is an estimate, and the actual base salary offered for this position will be determined based on certain factors, including the applicant's specific skill set and level of experience.
We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.