Actuarial Analyst

  • 36638
  • Non-Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • Jan 17, 2020
Insurance
RESPONSIBILITIES
  • Assist with the company Quarterly Reserving process.
  • Assist with development of new reserving techniques, as well as new ways to examine the data while leveraging external and internal information, and helping improve and expand visuals to support findings and provide insight to senior management.
  • Assist with quarterly analysis for several business divisions, the discussions around assumptions and uncertainty, including development of presentation materials for executives, development of ongoing forecast process together with input on trend and plan projections.
  • Assist in an ongoing collaboration with business division leaders, pricing actuarial, and claims to identify loss trends and emerging issues that could impact results and assist in developing proposals for corrective action in a timely manner.
  • Assist with GAAP and SAP Financial Reporting.
  • Assist in developing a discussion supporting the quarterly result and the drivers behind it.
  • Assist with Quarterly Underwriting Year, NPV, and ROE analyses.
QUALIFICATIONS
  • Ambition to attain Fellowship.
  • Demonstrated superior verbal and written skills in prior work experiences.
  • A direct and transparent communicator. Knows how and when to keep others informed. Courage to have open and difficult discussions.
  • A critical thinker who will challenge others in a respectful manner and will be open to being challenged.
  • Demonstrated ability to excel in a fast past environment under very tight deadlines.
  • Expert knowledge and successful working experiences with Microsoft Excel. Working knowledge of Access, Sequel, or Cognos would be a plus.
  • An individual who is a quick self-study and has the ability to multi-task.
  • A detail-oriented person who can be committed to both quality as well as accuracy.
  • Prior hands-on working experience in a corporate or business unit reserving function would be a plus.
  • Additional experience in pricing or reserving for Commercial lines - Executive Assurance, Professional Liability, Healthcare, Property, Casualty, Workers Comp, or Surety is a plus.
  • Ability to develop successful team relationships with actuaries and non-actuaries.
  • Experience applying advanced analytics to improve insight and enhance performance.
  • Experience presenting results / findings and managing relationships to ensure transparent and timely flow of information.
  • Working knowledge of industry data sources, with an acute understanding of the strengths and weaknesses of the various industry and peer competitor data emanating from the various data collection and aggregation procedures employed by the various bureaus is a plus.
  • An understanding and appreciation of the peaks and valleys in the work flow required of a dynamic reserving and loss analytics function that combines both corporate reserving responsibility as well as insight driven reserving studies.
  • Adheres to the highest standards of personal and professional integrity.