Senior Pricing Actuary

  • 35746
  • Non-Life - Actuarial
  • |
  • Missouri, United States
  • |
  • Aug 30, 2019
Insurance
RESPONSIBILITIES
  • Treaty Reinsurance, Pricing Analysis and Technical Support.
  • Analyze reinsurance submissions, calculate the indicated experience and exposure rates for new and renewal risks under various coverage options, calculate expected loss ratios, develop rate and structure recommendations, and communicate and support analyses with the Treaty Underwriters.
  • Participate in the Treaty Reinsurance Pricing Committee, as requested.
  • Participate in the Treaty Reinsurance contract language reviews.
  • Identify profitability problems; make recommendations to Company Management.
  • Design, use, document, and/or maintain pricing models for Treaty Reinsurance Workers Compensation Products.
  • Assist with underwriting and claim audits of client insurers, as requested.
  • Review rate adequacy and catastrophe exposure for special acceptances requested by cedants.
  • Monitor industry current events and analyze data to identify new profitable business opportunities.
  • Assist with strategic planning and SWOT analysis for Treaty Reinsurance.
  • Assist with development and pricing of Treaty Reinsurance Workers Compensation products.
  • Peer review the analyses produced by other Pricing Actuaries.
  • Analyze underwriting results and assist with management information reports.
  • Assist with development and maintenance of parameters for Treaty Re Workers Compensation pricing models.
  • Assist with the construction and maintenance of a data warehouse for Treaty lines of business.
  • Conduct special profitability studies for Workers Compensation.
  • Assist with development, maintenance and peer review of Management Information Reports.
  • Create and maintain documentation and procedures necessary to comply with corporate policies regarding reporting, data security, backup requirements, and proper controls.
QUALIFICATIONS
  • College graduate.
  • Associate or Fellow of Casualty Actuarial Society.
  • 5+ years of experience in Treaty or Loss Sensitive Workers Compensation Pricing.
  • Understanding of generally accepted actuarial pricing procedures for primary and reinsurance business.
  • Proficiency in Excel, Word, Power Point, and other Microsoft software.
  • Good oral and written communication skills.