Pricing Actuary

  • 36373
  • Non-Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Dec 4, 2019
Reinsurance
RESPONSIBILITIES
  • Determine the actuarial needs of the business units. Possess the ability to develop, build, enhance and maintain complex models and pricing tools including written specifications for IT.
  • Complete and prioritize actuarial analyses appropriate for the functional area. May include ultimate loss projections, pricing studies, portfolio analysis, research projects.
  • Lead projects/analyses requiring multiple resources including those who are not direct reports.
  • Create and deliver actuarial presentations to internal & external clients and all levels of management as requested.
  • Lead the communication, documentation and coordination of information, technical issues, and activities between actuarial departments as well as with internal & external colleagues and clients.
  • Understand, discuss and apply the use of standard actuarial concepts/techniques involving experience rating, exposure adjustments, trend, loss development, exposure rating, VBM, rate change, target pricing, et al.
  • Lead and/or manage the completion of required data preparation, including data input. Identify complex data & operational issues requiring specialized actuarial attention and take action to address them.
  • Actively participate and serve as a key member in the planning process. Analyze, evaluate and model potential solutions using actuarial methods and processes in support of the business goals of the company.
  • Maintain monthly monitoring reports and ensure accuracy of the reports through reconciliation process and working directly with underwriters and Underwriting Analysts to ensure accuracy of final pricing models.
  • Provide peer review and training for underwriters and Underwriting Analysts.
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 the Society of Actuaries and membership in the American Academy of Actuaries a plus.
  • Ten years of re/insurance/actuarial experience preferred.
  • Excellent knowledge of computers, and Excel, Access or similar spreadsheet software.
  • Excellent oral and written communication skills.
  • Strong analytical skills.
  • SharePoint experience a plus.