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Brown & Brown · 13 hours ago

Lead Actuary of Alternative Risk Transfer

New Jersey, United States

Full-time

Onsite

Senior Level, Lead/Staff

$140K/yr - $200K/yr

5+ years exp

Brown & Brown is a company that values meritocracy and self-starters, seeking a Lead Actuary of Alternative Risk Transfer to enhance their ART business. The role involves overseeing actuarial work, collaborating with underwriting teams, and supporting pricing and portfolio management efforts.

Insurance

Responsibilities

Support the pricing of individual accounts and work closely with ART underwriting

Ensure the design, maintenance and use of pricing tools is consistent with actuarial approaches

Understand and factor in carrier partner timelines, targets, approaches, benchmarks, guidance, and assumptions

Work with CAT Modeling Team to understand approach, including data needs, assumptions, and drivers of output

Prioritize and lead actuarial projects, balancing both planned support and unplanned requests

Collaborating with the CUO, ART underwriters, Catastrophe Analysts and Lawyers on new business opportunities as part of a team

Support the development of pricing tools across the Specialty Casualty Division

Enhance approach on predictive analytics work that impacts pricing

Embrace client-centric culture and behavior both within and outside the actuarial functions

Support portfolio management, reporting and binder/reinsurance negotiations, including appropriate accounting for ART products

Qualification

Actuarial designation ACASActuarial experienceTechnical pricing skillsArtificial intelligence (AI)Machine learning (ML)Predictive analyticsAttention to detailIndependent workCollaboration skills

Required

Actuarial designation of ACAS

Minimum of 5 years of actuarial experience

Bachelor's degree in mathematics, Actuarial Science or related field

Ability to work independently and autonomously, while taking direction

Excellent attention to detail

Ability to separate the important information from the unimportant, as well as to work with ambiguous and incomplete information

Strong technical pricing skills with knowledge of exposure-based pricing, experience modelling, catastrophe modelling, stochastic techniques, and predictive analytics