Associate Actuary / Actuary

  • 33547
  • Life - Actuarial
  • |
  • New York, United States
  • |
  • 4 days ago
Reinsurance
RESPONSIBILITIES
  • Pricing responsibilities and oversight of the analysis, modelling, and underwriting in preparation of quotes and renewals as well as documentation of the work for the lines of business.
  • Works with the Actuarial team in the reserving for Medical Stop Loss line of business. Assist with reserving all other lines of business (IBNR).
  • Participates in review of inforce business to assure continued profitability.
  • Assist with pricing write ups on new and renewal programs for the marketing library.
  • Works with Actuarial team in performing underwriting audits of medical stop loss programs.
  • Assist AVP and Actuary team with the transfer of information on recently accepted Health & Special Risk quotes to the accounting, administrative, and corporate actuarial areas.
  • Participates in development of actuarial pricing assumptions allowing the company to compete on a profitable basis in a highly competitive market.
QUALIFICATIONS
  • Bachelor’s Degree in Actuarial Science, Mathematics or related.
  • 3 or more years of Insurance and/or Reinsurance Company experience in Health, Accident, group life or special risk product pricing also desired.
  • Minimum of 3 exams, ASA designation in the Society of Actuaries or FSA.
  • Membership in the American Academy of Actuaries or its equivalent.
  • Proficiency in Microsoft PC software: Excel, Word, Access, Outlook.
  • Experience working with complicated spreadsheet applications.
  • Strong organizational skills.
  • Must possess excellent verbal, written and interpersonal communication and presentation skills.
  • Self-motivated.
  • Ability to read, analyze, manipulate, and interpret complex, technical documents and data. Ability to respond effectively to the inquiries from clients and management
  • Ability to analyze large amounts of information in an organized manner, identify issues or inconsistencies, fill in any information gaps and draw accurate sound conclusions. Needs to quickly determine the most efficient design for a complicated deal based on product design and potential retrocession.
  • Ability to communicate clearly internally and externally with brokers and clients.