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Catastrophe Risk Actuarial Associate

  • Job type: Permanent
  • Location: New York
  • Salary: US$80000 - US$125000 per year
  • Job reference: 231713/001_1562090308
  • Sector: Catastrophe Risk, Selby Jennings
  • Date posted: 02/07/2019

Catastrophe Risk Actuarial Associate:

Location: New York City

An innovative national property and insurance is undergoing rapid expansion and are currently seeking an Actuarial Associate to join their catastrophe risk management team in New York City. The Actuarial Associate should be a hard worker who will bring analytical tenacity and business intelligence to enhance profitability through creating and following specific pricing plans. The Actuarial Associate will be tasked with managing the new Homeowners rate plans by contributing to review, development, and filing. This opportunity lies in a leading firm which provides for homeowners.

Responsibilities:

  • Work with Analytics, Underwriting, Cat Management, IT and Legal teams to manage new rate structures and products.

  • Create and manage efficient processes for rate implementation and validation.

  • Develop premium breakdowns and other reports to answer consumer questions and assist customer service representatives.

  • Prepare data for state regulatory and other reporting agencies relative to the company's book of business.

  • Create workflow and activity tracking documents for the Pricing department.

  • Create, manage and test control procedures within the department.

  • Prepare regular reports and information for managers regarding pricing activity and important changes within.

  • Contribute to the development and completion of state rate and rule filings while obtaining an understanding of actuarial concepts and state regulatory requirements.

  • Upon request, provide support information on rate filings to the Departments of Insurance.

  • Conduct competitive research and complete a thorough analysis to completely understand a competitor's rate structure.

  • Utilize technical skills with an understanding of spreadsheets, databases and modeling to support the development of solutions to various challenges.

Qualifications:

  • 2 to 3 years of actuarial experience in the Property and Casualty industry.

  • Passed at least three actuarial exams, currently working towards ACAS.

  • Bachelor's degree in a quantitative field such as Mathematics, Economics, Science or Engineering.

  • Strong in critical thinking, detail-oriented analysis

  • Professional Communication Skills

  • Intermediate to advanced skills in Microsoft Excel.

  • Knowledge of SQL and/or SAS is appreciated.