Insurance Risk Actuary

Job Category: Actuarial

Minimum Salary: $117,000.00

Maximum Salary: $225,000.00

Schedule: Full-Time

Flexible Time Off Annual Accrual: 20 days

Pay Philosophy:

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications, and location. The full salary range reflects the competitive labor market value for all employees in these positions across the national market.

Some roles may include commission and/or bonus earnings based on multiple factors set forth in the compensation plan for the role.

Description:

The Global Risk Solutions (GRS) Capital & ERM group is seeking a highly motivated individual to join its Insurance Risk Modeling team within the Capital Modeling & Analytics group.

The GRS Capital Modeling & Analytics team is responsible for designing, developing, and implementing dynamic financial analysis solutions for the Global Risk Solutions organization.

This individual will join a group of modelers responsible for parameterizing and modeling Insurance Risk for the GRS Capital Model, legal entity capital models, and other risk models.

This work includes coordinating with data owners, parameterizing model inputs, developing risk dependencies, model validation, and supporting model uses.

The successful candidate will have some commercial lines actuarial experience, strong analytical abilities, and enjoy developing statistical models and processes.

We encourage commercial lines pricing and reserving actuaries without capital modeling experience to apply for this role.

Global Risk Solutions is a leading provider of commercial, specialty insurance, and reinsurance products, delivering innovative products and strong client engagement worldwide.

Responsibilities:

• Regularly update capital model parameters and assumptions for multiple models
• Run the capital model and validate capital model outputs
• Develop new solutions and improvements for statistical models and processes used to calculate these inputs
• Implement timely and practical solutions to complex problems
• Collaborate with model stakeholders across GRS to better understand the business and reflect that understanding in model parameters
• Collaborate with modeling and risk management teams to improve our understanding and modeling of risk
• Communicate processes and results to stakeholders outside the team

Qualifications:

• Bachelor's degree required; Master’s degree preferred
• Associateship or Fellowship in the Casualty Actuarial Society (ACAS/FCAS) or Society of Actuaries (ASA/FSA) designation preferred
• Minimum 5-7 years relevant experience required
• Strong analytical skills with a solid understanding of core casualty actuarial methods and techniques
• Advanced communication and interpersonal skills with the ability to build relationships
• Ability to motivate and mentor peers and train subordinates
• Expert computing skills (MS Office Excel, SAS, etc.) with the ability to build complex models

Preferred Qualifications:

• Experience working with Visual Basic for Applications (VBA) and Capital modeling software, R, and Python
• Experience with stochastic financial modeling and forecasting