AVP, Actuary

  • 37626
  • Non-Life - Actuarial
  • |
  • New York, United States
  • |
  • Jun 25, 2020
Reinsurance
RESPONSIBILITIES
  • Run and optimize risk and reserving reporting, providing insights to various measures including; utilization, statutory and economic capital and retrocession structures.
  • Produce solvency, prospective capital modeling and scenarios assessment analytics to maintain legal entity soundness and compliance.
  • Assist in the technical assessment of potential material transactions.
  • Contribute to risk identification, measurement and reporting for management, and further develop capabilities to thoroughly buildout risk reporting in coordination with global risk teams.
  • Work with global retrocession team to design and review the internal affiliate placements for various legal entities.
  • Liaise with Risk Management stakeholders; Underwriting, Pricing & Modelling, Claims, Reserving, Finance and Legal & Compliance to promote a consistent and informed risk culture.
  • Work closely with the global risk and reserving teams for a consistent application of the ERM Framework and contribute to global activities and projects.
  • Identify and quantify costs of risks across the full spectrum of enterprise; internal as well as external risk emergence; working closely with modelling teams and vendors.
  • Contribute to scoping, parameterization and application to the company considerations. Produce reports supporting findings.
  • Work with the Internal Model teams to produce economic capital estimates as required. Produce prospective capital assessments.
  • Execution of the risk appetite and tolerance process, particularly as relates to risk modeling.
  • Assist the company underwriting management in evaluating capital impact of the proposed plans. Perform required analyses to ensure consistency with stated risk appetite and tolerance levels.
  • Assist in the development of appropriate monitoring tools and key risk indicators. Possess the intuition to propose applicable risk mitigation and capital maintenance actions to remedy identified issues of varying severity.
  • Assist in ensuring adherence within the Americas Risk Management function to all Group ERM-related standards and policies.
  • Support global Risk Management teams in respect of the development and further improvement of the Group ERM Framework and related systems and processes. Assist in adopting and promoting the Group ERM Framework where appropriate for local needs.
  • Assist in increasing Group ERM awareness throughout the Americas Risk Management function by means of organization and performance of ERM-related class room trainings and e-learning sessions, distribution of publications etc., particularly as relates to risk and capital modeling and emerging news and trends impacting applicable lines of business.
QUALIFICATIONS
  • BS or higher in Mathematics, Actuarial Science or Economics.
  • Associate of the Casualty Actuarial Society.
  • Experience in actuarial and financial risk modeling. ACAS or equivalent desired.
  • Strong background in Enterprise Risk Management.
  • Actuarial experience across primary or reinsurance markets, for both Property & Casualty lines.
  • Strong analytical skills and intuition.
  • Software skill set with: R, SQL, Python, ResQ.
  • Broad knowledge of Solvency II capital modelling approach.
  • Broad knowledge of the US insurance regulatory environment.
  • Extensive practical experience with MS Office software, specifically Excel, PowerPoint and Word.
  • Broad actuarial experience in capital modeling, reserving, pricing or equivalent.
  • Experience in applying common reserving techniques.
  • Experience in building programmatic approaches in navigation of complex/large datasets.
  • Possessing the acumen to apply practical solutions and recommendations.
  • 8+ years of experience in insurance, financial or similar industries.
  • Business acumen; able to grasp, create and develop practical solution to risk-related concepts and further progress the effectiveness of internal risk modeling and reporting.
  • Conscientious, curious and enthusiastic.
  • Well organized, efficient and autonomous.
  • Ability to work with a team, as a leader or a member as required.
  • Able to identify and summarize the main issues in a clear, unambiguous and simple language.
  • Excellent interpersonal skills.