Actuary, Reinsurance

  • 35843
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Sep 17, 2019
Insurance
RESPONSIBILITIES
  • Model the probability distributions of the gross/ceded/net underwriting results of an insurance company client based on an actuarial analysis of frequency and severity focusing on a large losses using Global Analytics proprietary software.
  • Analyze how the distribution of results and relevant risk measures change as a result of application of various proposed reinsurance alternatives.
  • Utilize cost/benefit analysis to advise brokers and clients optimal reinsurance programs based on risk tolerance level.
  • Evaluate historical experience of treaties for use in negotiation of renewals and commutations.
  • Respond to client queries and concerns, resolving issues promptly.
  • Establish and maintain strong relationships with clients and colleagues.
  • Document all external correspondence and telephone conversations in accordance with procedures, including where appropriate, Professional Standards guidelines minimizing the potential for errors and omissions.
  • Update management on issues, progress, etc., regularly and upon request.
  • Perform other job-related duties as assigned.
QUALIFICATIONS
  • Bachelor’s degree in Actuarial Science or related quantitative field such as Mathematics or Statistics.
  • 3 - 6 years of relevant property and casualty insurance/reinsurance experience performing Actuarial analysis.
  • Completed 3 - 4 Casualty Actuarial Society exams.
  • Understand the reinsurance pricing methods and know when it is appropriate to use these methods.
  • Good technical knowledge in reinsurance terms and conditions, and simulation modeling.
  • Excellent interpersonal skills for establishing and maintaining good client and internal relationships.
  • Strong ability to assist manager in prioritizing workload according to volume, urgency, etc.
  • Strong ability to work on multiple projects at the same time.
  • Strong ability to be organized and pay attention to detail.
  • Strong computer skills for using Microsoft Office and Outlook.
  • Strong ability to maintain compliance with professional standards, where applicable, as well as company-wide quality initiatives.
  • Strong ability to work with other internal colleagues to identify client needs in order to deliver solutions which meet or exceed client expectations.
  • Strong ability to manage projects and address issues proactively.
  • Strong ability to be open and flexible to changes in the organization and marketplace.
  • Strong oral & written communication skill.
  • Availability to travel internationally and domestically.