Position Specific Description
This role will provide pricing support for a wide range of Excess and Surplus Lines products at an expanding P&C insurance company:
- Assist in evaluation of rating plans and pricing models from a variety of property, professional lines, and specialty lines MGUs.
- Support the evaluation of new program and reinsurance opportunities, including the selection and documentation of loss picks, trend factors, development patterns, and other relevant metrics
- Integrate pricing assumptions with the reserving and ERM functions
- Assist with monitoring the composition and profitability of specific products along with the overall portfolio
- Perform other job-related duties as assigned in support of the overall actuarial and risk management functions
The ideal candidate has a strong understanding of probability and statistics, excellent communication skills, and enjoys fostering collaborative relationships.
Job Overview
This position is an integral component of the actuarial functions of a Property and Casualty insurance company. This role is designed for the person working towards their actuarial designation with the Casualty Actuarial Society. This employee will support other actuarial team members in solving various business problems and take the lead on some projects.
Job Duties & Responsibilities
- Gathers and analyzes data in support of actuarial functions
- Works with the actuarial team in developing and implementing actuarial models
- Develops reports facilitating the monitoring and management of various insurance products
- Researches, analyzes, and communicates ongoing changes in the market and emerging trends (e.g., new modeling techniques, validation trends, etc.)
- Collaborates with underwriters, catastrophe modelers, finance, and the rest of the actuarial team to support the expanding Property and Casualty insurance company
- Continues to work toward an actuarial designation by studying and sitting for actuarial exams
- Performs other job-related duties as assigned
Required Qualifications
- Bachelor's Degree in Mathematics, Actuarial Science, or similar field
- Experience: 2+ years’ experience
- Actuarial exam progress with successful completion of at least one exam with the intention to achieve a credentialed status
Preferred Qualifications
