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Company

ICW Group · 2 days ago

Reinsurance Actuary

High Point, NC

Full-time

Remote

Mid Level

$99K/yr - $167K/yr

4+ years exp

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Financial ServicesInsurance

Growth Opportunities

No H1B

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Responsibilities

Provides complex pricing analyses and develops pricing tools.

Provides technical, actuarial analyses in the areas of pricing, ratemaking, reserving, analytics, and systems integration. While the core of this role is pricing, some reserving analyses may be necessary.

Takes initiative to develop new business processes or comprehensive analytic efforts.

Ensures that the work product supports business growth and profitability.

Takes responsibility to extensively modify processes to improve accuracy and efficiency.

Ensures soundness of actuarial analyses and consistency with Actuarial Standards of Practice.

Takes a prominent role in communicating and explaining actuarial findings to business leaders.

Aids in the management of overall risk and catastrophe aggregates.

Utilizes catastrophe modeling software and other knowledge of general catastrophe modeling to provide analyses of catastrophe aggregates for the in-force assumed portfolio.

Extracts key insights from modeled data on an ad-hoc basis to answer specific business questions.

Invokes critical thought process to solve complex modeling problems and identify dependencies in processes.

Leads the development of tools/systems to collect data and establish process.

Creates and develops tools to ingest cedent submission data into ICW databases for future reference and data mining.

Establishes repeatable processes for reinsurance pricing to generate consistent analyses.

Develops methods for automating the process of converting cedent data for use in actuarial analyses.

Partners with Chief Risk Officer and Vice President of Assumed Reinsurance to define and enrich assumed reinsurance underwriting guides to aid in reliable decision-making practices.

Qualification

Find out how your skills align with this job's requirements. If anything seems off, you can easily click on the tags to select or unselect skills to reflect your actual expertise.

Catastrophe modeling softwareActuarial analysesPricing tools developmentStatistical methodsMicrosoft ExcelSQLData miningBasic programmingEmerging analytic techniquesMathematical conceptsFinancial analysisOwnership of analyses

Required

Bachelor's degree from four-year college or university required with a major or emphasis in Applied Mathematics, Computer Science, or related field.

Minimum 4 years of related experience and/or training; or equivalent combination of education and experience required.

Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS) designation required.

Strong interpersonal skills and proven project leadership abilities.

Thorough knowledge of actuarial models and ability to assess results.

Dedication to work toward building a working knowledge of emerging analytic techniques.

Ability to work independently in deriving solutions to new business problems.

Comfortable and competent in client interaction settings.

Ability to take ownership of actuarial pricing analyses.

Ability to apply mathematical concepts, standard statistical methods, modeling and simulation techniques, trend, indexing, cash flow, and financial analysis.

Thorough knowledge of Microsoft Excel, SQL and related database tools, basic programming, and data mining; and other emerging statistical analytic techniques.

Ability to grasp analytic concepts and learn new tools and logic within established processes.

Adaptable to shifting workloads and building positive working relationship within the department.

Ability to cross-train others and ability to manage and to prioritize concurrent assignments and responsibilities.

Preferred

Experience with catastrophe modeling software such as RMS and/or AIR.

Benefits

Generous medical, dental, and vision plans

401K retirement plans and company match

Bonus potential for all positions

Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)

10 paid holidays throughout the calendar year

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Company

ICW Group

Glassdoor

4.0

Thank you for visiting ICW Group Insurance Companies, a leading national group of insurance carriers offering a range of product offerings, including workers’ compensation, catastrophe, general liability and property insurance, and assumed reinsurance.

Founded in 1972

San Diego, California, USA

1,001-5,000 employees