Senior Actuary (Technical Professional I/II)

Job Category: Actuarial

Minimum Salary: $138,000.00

Maximum Salary: $254,000.00

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.

It provides an opportunity to progress as employees grow and develop within the role. Some roles may have a corresponding compensation plan which may include commission and/or bonus earnings at varying rates based on multiple factors.

Description:

The Global Actuarial Solutions, within Global Risk Solutions (GRS), is looking for a Cyber Actuary to advance the pricing sophistication and profitability of the line of business. This role will focus on the launch and maintenance of our global rater in support of the new global cyber product.

By leveraging the support of Business Segment Actuaries and the Cyber Product organization, the successful Actuary will drive improved pricing and market sensing that results in profit and appropriate growth throughout GRS. Strong expertise in Cyber, as well as advanced pricing techniques, is desired.

We are open to fill as an Actuary STP I (Grade 19) or Actuary STP II (Grade 20) based on candidate experience.

Responsibilities:

• Serve as an Actuarial partner and adviser to the Global Cyber team and Product Boards to develop product strategies.
• Influence key strategic decisions related to Cyber, such as portfolio design and capital allocation.
• Implement and maintain Global Cyber Rater, including Actuarial support for US filings, in collaboration with key stakeholders.
• Support Cyber product by contributing to initiatives on portfolio improvement and monitoring.
• Coordinate reviews with Cyber Risk Management and Catastrophe Modeling team to formulate Cyber catastrophe loss ratio.
• Synthesize and share competitive intelligence and insights on leading indicators to support market cycle sensing and performance monitoring.
• Partner with Business Segment Actuaries to develop strategies around technical price and global pricing tool.
• Support Product Planning and associated strategic posturing, providing expertise throughout the Financial Planning process.
• Champion Cyber strategies with the relevant Actuarial teams, adjusting to local realities as needed.
• Work with Cyber-focused actuarial leads within GRS businesses to translate global pricing strategies into execution level strategies.
• Responsible for integrated, GRS-level narrative across Pricing, Reserving, and Planning.
• Create and maintain a feedback loop between Business Segment Actuaries, Reserving Actuaries, and other relevant functions.

Qualifications:

• Bachelor's degree required.
• Fellowship in the Casualty Actuarial Society (FCAS) designation.
• Typically 0-2 years post-fellowship experience.
• Strong Cyber pricing expertise, as well as advanced pricing techniques, is desired.
• Minimum of 7-10 years of progressively more responsible experience in an actuarial role, including 1-3 years of Cyber Actuarial experience.
• Requires detailed knowledge of the operations and processes associated with the operational group.
• Strong analytical skills with a solid understanding of all Cyber actuarial techniques, standards, and assumptions.
• This position requires an experienced and knowledgeable actuarial viewpoint in a wide variety of actuarial subjects.
• Knowledge should include data, methodologies, systems, and platforms.
• Advanced to expert knowledge of specialized software, actuarial and statistical methods, tools, and programming languages.
• Able to undertake new processes/analysis based on cutting-edge research and technologies.
• Focus efforts on staying competitive in the market.
• Ability to grasp theoretical concepts.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely.
• Ability to make decisions with incomplete information.
• Ability to establish and build effective relationships within and outside the organization.
• Ability to give effective training and presentations to senior management and other groups.
• Ability to collaborate with Business Segment Actuaries and Office of Underwriting.

Fair Chance Notices:

• California
• San Francisco
• Los Angeles
• Philadelphia