ICW Group · 2 days ago
Senior Reinsurance Actuary
United States
Full-time
Remote
Senior Level
$114K/yr - $192K/yr
6+ years exp
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Responsibilities
Provides complex actuarial analyses and builds capabilities around pricing, reserving and catastrophe modeling.
Provides technical, actuarial analyses in the areas of pricing, reserving, analytics, and systems integration.
Evaluates and makes recommendations on the profitability and viability of reinsurance proposals by employing sound actuarial methodologies and analytics along with working closely with the underwriters to understand the exposures and business opportunities.
Develops and implements new business processes or comprehensive analytic efforts. Modifies processes to improve accuracy and efficiency.
Ensures that the work product supports business growth, profitability, and innovates our product offering.
Ensures soundness of actuarial analyses and consistency with Actuarial Standards of Practice.
Participates in all deal team related tasks such as modeling transactions, negotiating terms with the broker, reviewing contract wording, drafting, and giving clients presentations and performing offsite audits as required.
Makes actuarial and underwriting presentations both internally and to assumed reinsurance clients.
Takes a prominent role in communicating and explaining actuarial findings to business leaders.
Performs analysis to inform reinsurance strategy and in support of negotiations with reinsurers.
Utilizes catastrophe modeling software and other knowledge of general catastrophe modeling to provide analyses of catastrophe aggregates for the in-force assumed portfolio.
Captures and maintains company exposures over all classes of business and monitors catastrophe losses.
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.
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 and implements methods for automating the process of converting cedent data for use in actuarial analyses.
Creates, maintains, and modernizes various actuarial internal tools that enable efficient gathering, reporting and presenting data.
Partners with all team members of Assumed Reinsurance to define and enrich assumed reinsurance underwriting guides to aid in reliable decision-making practices.
Qualification
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Required
Bachelor's degree from four-year college or university required with a major in Applied Mathematics, Computer Science, or related field.
Minimum 6 years of related experience and/or training; or equivalent combination of education and experience.
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
We’ll support you 100%
Company
ICW Group
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.
1,001-5,000 employees
Funding
Current Stage
Late StageLeadership Team
Nicole Rathsam
Senior Vice President, CFO
Jessica Nielsen
Senior HR Communication & Engagement Business Partner
Recent News
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