Casualty Pricing Actuary

  • 37745
  • Non-Life - Actuarial
  • |
  • New York, United States
  • |
  • Jul 15, 2020
  • Analyze ceding company data to price assigned Casualty reinsurance contracts following sound actuarial methods and professional standards of practice.
  • Ensure the timely and quality completion of pricing studies in line with internal profitability targets.
  • Present and defend rate indications to company advisors / underwriters through both written and verbal communication.
  • Document critical issues, assumptions, and methodologies supporting the pricing recommendations.
  • Research insurance industry data to assist in the analysis of benchmark pricing parameters, including trend, rate changes, and loss development.
  • Keep current on industry developments, emerging issues, available data sources, and new products in the re/insurance sector.
  • Develop new rating methods and update models to enhance the accuracy and efficiency of actuarial pricing tools.
  • Monitor performance of bound treaties as input for company’s quarterly reserving.
  • Calculate and monitor year-over-year rate changes for each contract.
  • Assist in other projects as needed.
  • Minimum of 10 to 12 years of industry-related experience, preferably in reinsurance pricing.
  • Bachelor’s degree in mathematics, statistics, actuarial science, economics, business, or related field.
  • Minimum of five exams passed toward Fellowship in the Casualty Actuarial Society.
  • Excellent interpersonal and communication skills.
  • Strong actuarial expertise.
  • Excellent critical thinking, attention to detail, and follow-through.
  • Strong team player with ability to work efficiently with little supervision.
  • Strong ability to perform in a fast-paced environment.
  • Strong Excel/VBA skills. Proficiency in Word, Outlook, PowerPoint, database software.