Actuarial Analyst/Senior Actuarial Analyst

  • 38143
  • Non-Life - Actuarial
  • |
  • New York, United States
  • |
  • Sep 10, 2020
Insurance
RESPONSIBILITIES
  • Provide support for quarterly reserving analyses for the Reinsurance segment.
  • Perform detailed reviews of paid loss, incurred loss and premium development curves used during the quarterly reserving process.
  • Support the selections of initial expected loss ratios by evaluating trend and rate change experience, working closely with pricing actuaries.
  • Perform actual versus expected analysis, including explanation of large movements during the quarter.
  • Allocate IBNR and incurred losses to an accident year basis from an underwriting year basis for financial reporting purposes.
  • Produce quarterly underwriting year and accident year exhibits for divisional, segmental and group reserve meetings.
  • Participate in development of loss estimates for catastrophic events and calculate applicable retrocessions.
  • Participate in ad-hoc reserve and profitability studies on specific lines of business, including analysis of underwriting and claim trends, shifts in mix of business, changes in limits or retentions and examination of loss and premium development patterns.
  • Assist with the analysis of new business opportunities and expansion of current business, as needed.
  • Respond to data requests and questions concerning quarterly reserving from the corporate actuarial department and/or auditors.
QUALIFICATIONS
  • Bachelor’s Degree in Math, Accounting, Economics, Statistics, Business, Risk Management or a similar field which demonstrates an affinity and talent for quantitative analysis.
  • 3-5 years of relevant experience in the Property & Casualty actuarial field and 2-4 CAS exams; reserving experience is desirable.
  • Excellent PC skills and knowledge of Microsoft Excel.
  • Familiarity with VBA and SQL a plus but not required.
  • Knowledge of Property & Casualty insurance company operations and an understanding of the general function of each insurance departmental area such as Finance, Underwriting and Claims.
  • Excellent organizational skills and a strong attention to detail.