Reinsurance Actuary

  • 40879
  • Non-Life - Actuarial
  • |
  • Connecticut, United States
  • |
  • Apr 19, 2024
RESPONSIBILITIES
  • · The Pricing Actuary collaborates with client data to aid underwriters and account executives in assessing and pricing different treaty coverage lines and arrangements. They also interact with clients to analyze trends, pricing adequacy, and address business challenges. Ideal candidates should be interested in expanding into treaty underwriting roles.
  • · The Treaty Underwriter's main duty is to evaluate, underwrite, price, and structure new and renewed treaty business in line with client’s risk tolerance and profit expectations. On-the-job training is provided.
  • · Desired candidate traits include high energy, urgency in response, attention to detail, commitment to quality, intellectual curiosity, effective written and verbal communication across technical levels, open-mindedness paired with the ability to defend conclusions, maintaining analytical rigor even in judgment-based situations, comfort with uncertainty and incomplete data, eagerness for learning, and adaptability to changing business needs.
  • · Primary responsibilities entail showcasing technical skills like assessing loss exposure, understanding primary insurance policies and rates, evaluating client and product experience, interpreting reinsurance treaty language and intent, determining reinsurance pricing through model outputs and team collaboration, understanding insurance company financial statements in relation to reinsurance decisions, conducting pricing analysis across various treaty reinsurance lines, and developing data analytics to enhance understanding.
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QUALIFICATIONS
  • · ACAS or FCAS
  • · Knowledge of/ experience with catastrophe models is a plus.
  • ->SALARY: 120-180k
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