Actuary

  • 37445
  • Non-Life - Actuarial
  • |
  • New Jersey, United States
  • |
  • May 28, 2020
Re/Insurance
RESPONSIBILITIES
  • Modeling of APH accounts for reserving and commutation purposes.
  • Support commutation pricing and settlement activities with analysis and modeling of underlying exposures by applying appropriate actuarial methodologies and reasonable assumptions.
  • Understand underlying reinsurance and insurance contracts.
  • Support measurement of actual v. expected and the calculation of loss reserves for various lines of businesses and other reserve segments as assigned.
  • Independently manipulate, organize, and reconcile data.
  • Work with the Finance, Data Management, and Ceded Reinsurance teams to produce and reconcile the data for the valuation processes.
  • Contribute to reporting the results of actuarial valuations and analyses to the relevant stakeholders and committees.
  • Contribute to the maintenance of SOX controls and other reserve analyses, as necessary.
  • Support the work of external actuaries as required.
  • Assist in other projects undertaken by the actuarial team e.g. M&A due diligence and transition and business planning analyses.
QUALIFICATIONS
  • College degree or equivalent preferred.
  • Working towards FCAS designation.
  • 2+ years of experience working as a reserving actuary preferred.
  • Strong analytical skills and detail-oriented.
  • Experience on asbestos & environmental and workers' compensation as well as other long-tail claims.
  • Flexibility to adapt to changing work priorities and assignments.
  • Ability to work effectively in a team environment.
  • Ability to present and communicate financial data concisely.
  • Strong computer skills with particular emphasis on ResQ, Microsoft Excel and Access, Power BI, Tableau.
  • Comprehensive understanding of insurance & finance terminology.
  • Ability to meet strict deadlines.
  • Flexibility to adapt.
  • Excellent written and verbal communication skills.
  • Problem-solving skills with the ability to start analysis at a granular level and develop the big picture.