Senior Actuary

  • 34821
  • Non-Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Mar 6, 2019
Reinsurance
RESPONSIBILITIES
  • Research, evaluate, recommend and develop for implementation appropriate methodologies and benchmark assumptions appropriate to price business in the niche market segments in which Specialty Markets operates.
  • Develop rating plans for those segments, including supporting rate filings as needed.
  • Apply both actuarial and analytic techniques in research. Requires strong knowledge and understanding of rating models and ability to discuss and apply existing and new techniques/concepts associated with insurance pricing.
  • Document and communicate findings and recommendations for implementation.
  • Develop and maintain pricing models and databases to drive efficient pricing process and effective data capture.
  • Develop a deep understanding of our data, systems, and processes to effectively represent and advocate for SM Actuarial and Analytics in data and systems initiatives.
  • Support results monitoring, pricing, planning, and portfolio management projects that will assist underwriters and management in managing and steering business.
  • Collaborate with others to ensure recommended solutions can be reasonably implemented and are market appropriate.
  • Take a lead role on specific accounts/projects, as needed.
  • Provide peak season pricing support and complete peer reviews on an as needed basis. Strong understanding and ability to discuss and apply the use of existing & new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al.
  • Participate in training of others regarding analyses and methodologies.
  • Pursue formal education in reinsurance/insurance and actuarial science or advanced analytics.
QUALIFICATIONS
  • Bachelor’s Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field requiring modeling, programming or quantitative analysis.
  • Membership in the Casualty Actuarial Society or Society of Actuaries with the attainment of Fellowship and membership in the American Academy of Actuaries or a minimum of 6 years of experience as an ACAS.
  • Ten or more years of insurance/reinsurance actuarial/analytics experience.
  • Strong technical actuarial/analytic skills.
  • Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.
  • Excellent computer skills including model building and data capture.
  • Excellent oral and written communication skills.