Sr. Actuarial Analyst

  • 34453
  • Non-Life - Actuarial
  • |
  • Maryland, United States
  • |
  • Dec 11, 2018
Reinsurance
RESPONSIBILITIES
  • Prepare quarterly financial reports to parent company to insure compliance with Solvency II Technical Provisions and controlling requirements.
  • Provide weekly reports to management regarding filed claim activity.
  • Evaluate case reserves monthly in order to analyze trends within the claims data. Maintain claims databases, run queries on the databases, and produce reports about the data within the databases.
  • Assist in evaluating incurred but not reported reserves monthly to establish a proper level of these reserves by product line.
  • Assist the finance department in the monthly closing of the financial accounts.
  • Assist in completing timely and accurate quarterly reserve reviews that are supplied to management.
  • Provide data and calculations required by the external auditors in support of published financial numbers at each quarter end and year end.
  • Provide data requested by the finance department in support of monthly loss reporting package that is sent to the parent company.
  • Provide support to the finance department in the preparation of the regulatory reporting requirements of the US and Canada.
  • Develop knowledge of the data elements used by the risk capital model of the parent company in order to complete the Solvency II requests.
  • Review historical loss/expense experience in evaluation of new product pricing.
  • Analyze loss experience by business segmentation to develop opinion on underwriting.
  • Travel 1-2 times per year internationally for training and/or department meetings.
QUALIFICATIONS
  • Bachelor’s degree or foreign equivalent in Mathematics, Statistics, Actuarial Science, Finance or a related field.
  • 5 years of experience in the actuarial field or three years of risk management control ling experience involving European Union’s Solvency II Directive.
  • Must have some experience working with Own Risk and Solvency Assessment; calculating credit risk, reserve risk, premium risk, and market value margin; and with risk-based pricing methodologies.
  • Experience in the Property & Casualty field preferred.
  • Knowledge of Solvency II Technical Provisions and reporting requirements preferred.
  • Proficiency with Excel and Access/SAS. Demonstrated working knowledge of loss reserving software and database management.
  • Demonstrated organizational and time management skills.