Sr. Actuarial Analyst II

  • 36521
  • Non-Life - Actuarial
  • |
  • Michigan, United States
  • |
  • Jan 2, 2020
Insurance
RESPONSIBILITIES
  • Analyzing the future risks and opportunities of various products/business lines, translating results into risk and return requirements.
  • Quantifying risk across products, business units and companies using strong business risk analysis skills and understanding, and industry best practices.
  • Educating business leaders and risk area owners on risk-adjusted return and risk-adjusted capital analyses.
  • Applying innovative and analytical approaches to draw conclusions and make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital.
  • Translating recommendations into communication materials to effectively present to colleagues for peer review and management.
  • Producing advanced analytical material for discussions with representatives from various business units/product owners to understand business objectives and influence strategies.
  • Assisting in model risk management activities.
QUALIFICATIONS
  • Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
  • Successful completion of five or more actuarial examinations and a minimum of four or more years of experience in an actuarial environment.
  • Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
  • Extensive experience in/with:
  • Coordination and execution of projects.
  • Use of statistical tools and software applications to complete assignments.
  • Preparing reports and exhibits for senior management review.
  • Analysis of technical studies and data and draw sound conclusions.
  • Modeling and complex quantitative analysis resulting in sound recommendations.
  • Make oral presentations to business units and management.
  • Represent the department on inter-department teams.
  • Experience in four or more of the following:
  • Preparing quarterly rate indications.
  • Formulating and interpreting mathematical rate-making models.
  • Preparing property and casualty rate filings.
  • Preparing competitive product and rate comparison analysis reports.
  • Calculating reserves.
  • Pricing property and casualty insurance products.
  • Completing actuarial research relating to insurance operations.
  • Developing, improving and maintaining economic capital models.
  • Completing actuarial research related to insurance operations.
  • Incorporating economic scenario generators into asset modeling.
  • Analyzing and interpreting catastrophe model output.
  • Modeling of financial risks, including credit, market, liquidity, and operational risks
  • Developing, obtaining buy-in for, and monitoring risk appetite and tolerances for business units, products and/or risk areas
  • Preferred:
  • Master Degree in Mathematics, Actuarial Science, Statistics or related field.
  • Experience within the Enterprise Risk Management function in the financial services industry.
  • Professional Designation such as Certified Financial Analyst, Chartered Enterprise Risk Analyst, Financial Risk Manager, etc.
  • Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment.