Actuarial Roles

NY, CO, CA) There are a number of Actuarial roles at various levels available with a growing P&C carrier in their NY headquarters as well as in their locations in CO and CA. The client has been acquisitive over the last few years and is in a post-acquisition integration stage. This stage of the company allows associates the opportunity to get involved in a number of initiatives related to their integration and expansion. This commitment to expansion has driven a number of open opportunities with the company. The company is mid-sized, entrepreneurial in mind set, but with a well thought out internal process and established infrastructure. Some roles are listed below. Compensation is commensurate with experience. A number of additional roles are in the pipeline, so feel free to respond back. 1. Capital Management Department Actuary (New York)

• The Capital Management Department prepares Economic Capital, Regulatory and Rating Agency capital requirements for all of Client's operations in the North America.
• The successful candidate will be a key member of the client team, and will have excellent career growth opportunities.
• Capital modeling responsibilities for Client. Responsibilities will span across all lines of business written by Client.
• Capital allocation responsibilities for Client spanning all lines of business.
• Risk Transfer Analysis responsibilities on ceded reinsurance contracts.
• Maintenance and preparation of documentation of the capital modeling processes.
• Liaising with other departments to get expert feedback parameters for underwriting risk, reserving risk, operational risk and credit risk.
• Performance of convergence analyses, stress and scenario tests.
• Utilization of the economic capital model in reinsurance analysis.
• Comparisons of BCAR, RBC and S&P capital numbers with internal economic capital assessments

The ideal candidate:

• Will be working toward their FCAS designation with a minimum of 4 actuarial exams/significant practical experience in quantitative finance.
• Will have experience working in the property/casualty industry for 3-5 years.
• Economic capital modeling experience is preferred.
• Will be self-driven, detail oriented, highly motivated and accountable for their work product.
• Technical skills including Excel, Access and VBA.
• Experience with SQL and Igloo is preferred.
• Will possess excellent communication/presentation skills.
• Will be willing to teach/learn in a cooperative and dynamic environment.
• Will be knowledgeable in Access, PowerPoint and Word.
• Will have a bachelor's degree, or its equivalent, in a quantitative field.

2. AVP, Senior Actuarial Stat Support Manager (CA)

• Planning, Coordinating, Acquiring, Organizing, and disseminating information from various sources used by the Actuarial Department. Providing required Actuarial reporting
• Proactively identify data needs to support Actuarial business objectives
• Understand company business objectives and how it translates to data needs; work with actuaries and other business users to understand their data needs
• Interact with other data leaders outside of the Actuarial Department to share knowledge and tools
• Coordinate with data experts from across the organization to identify valid data sources to acquire; work with IT to get access to these data sources
• Acquire and organize new data using SAS and other supporting technologies
• Be a leader within the team by collaborating with other technical experts in the group, communicating actively with the group, and creating appropriate documentation
• Identify tools and reports that need to be developed that will enable easy to access to data from end users, using SAS and other related technologies
• Support existing processes and actuarial data stores by standardizing actuarial data management procedures, including documentation of processes, weekly data status reports etc.
• Work with IT to ensure appropriate data governance policies on security, backups etc. are in place.
• Assist all users of Actuarial Data with technical and data related issues

• Bachelor's degree, preferably in a quantitative field
• 5 or more years of related experience with demonstrated achievements and progressive responsibilities in the area of data collection and analysis
• Comprehensive knowledge and understanding of Property & Casualty insurance terminology
• Good knowledge and understanding of technology as it relates to data management
• Proficient skills in SAS and MS Excel
• Proficient in handling large volumes of data; experience using a variety of data file formats and DBMS
• Highly effective verbal and written communication skills
• Ability to manage multiple tasks

3. Associate Actuary (New York)

• This position is responsible for supporting the actuarial and claims departments' needs of the Programs operations for both active and discontinued business. It reports to the senior pricing actuary for the Programs business unit.

• Analyze detailed claims data to detect trends and aberrations by TPA, line of business, class, etc.
• Develop reports on various claim analytics, such as paid losses, case reserves, closure rates, and frequency and severity trends
• Monitor results by TPA to measure performance levels, developing comparative reports as appropriate
• Work with both pricing and reserving actuaries to incorporate findings into respective analysis
• Participate on TPA audits
• Participate in the planning process regarding ULAE charges
• Provides input into the large loss report and/or review the output prior to release
• Respond to queries regarding changes in claims affecting profitability
• Bachelor's degree
• 5-7 years Actuarial experience
• ACAS level
• Proficient in pricing and/or reserving
• Prior work experience with the Claims department
• Experience with Microsoft Access or equivalent

4.Associate Actuary (New York)

• Analyze, draw, and document conclusions and make recommendations to assist actuarial management and other departments with making sound business decisions.
• Produce underwriting and profitability statistics of business units for Actuarial, Finance, and Underwriting that provide accurate management information
• Lead reserve analysis for a designated business segment to produce timely and accurate reserve recommendations and communicate results to management
• Develop high level of knowledge and expertise for at least one of the major actuarial functions: Contribute to the business planning process including collection and analysis of information and development of tools and reports to ensure that best practice is followed
• Lead the analysis of reinsurance options and the support of reinsurance purchases as required to ensure QBE makes best possible use of Reinsurance Purchases
• Perform the forecasting of technical provisions, prudential margins, and reserve uncertainties to support business analysis and provide MI for reports and accounts, business planning, profitability studies, and commutations
• Manage and revise appropriate systems, models, and procedures to ensure accurate data is used in analyses and reviews

5. Associate Actuary (CO)

• This position is responsible for supporting the pricing and analytical needs of the Financial Institutions Actuarial team.

• Gathers the needed data and applies the appropriate actuarial methodologies to prepare pricing reviews and rate level indications
• Work closely with underwriting team, management and other functional areas as necessary to understand business needs and deliver creative solutions
• Gathers the actuarial information for rate filings, indications, and other ad hoc projects requested by the business team
• Responds to requests from insurance departments regarding rate filings
• Keep abreast with latest actuarial trends and techniques
• Build and maintain positive relationship with the Product Management group to improve customer focus
• Build and maintain relationships with both internal and external experts to ensure quality service and exchange of information
• Other duties as requested
• Bachelor's degree, preferably in a quantitative field
• Minimum of 4 actuarial exams passed
• Advanced technical skills including Excel and SAS
• Strong analytical skills
• Effective verbal and written communication skills
• Ability to solve complicated issues and effectively translate complex concepts to user groups