Actuarial

Position: Actuarial Roles
NY, CO, CA) There are a number of Actuarial roles at various levels available with a growing P&C carrier in their NY headquarters as well as in their locations in CO and CA. The client has been acquisitive over the last few years and is in a post-acquisition integration stage. This stage of the company allows associates the opportunity to get involved in a number of initiatives related to their integration and expansion.

This commitment to expansion has driven a number of open opportunities with the company. The company is mid-sized, entrepreneurial in mind set, but with a well thought out internal process and established infrastructure.

Some roles are listed below. Compensation is commensurate with experience. A number of additional roles are in the pipeline, so feel free to respond back.

1. Capital Management Department Actuary (New York)

• The Capital Management Department prepares Economic Capital, Regulatory and Rating Agency capital requirements for all of Client's operations in the North America.
• The successful candidate will be a key member of the client team, and will have excellent career growth opportunities.
• Capital modeling responsibilities for Client. Responsibilities will span across all lines of business written by Client.
• Capital allocation responsibilities for Client spanning all lines of business.
• Risk Transfer Analysis responsibilities on ceded reinsurance contracts.
• Maintenance and preparation of documentation of the capital modeling processes.
• Liaising with other departments to get expert feedback parameters for underwriting risk, reserving risk, operational risk and credit risk.
• Performance of convergence analyses, stress and scenario tests.
• Utilization of the economic capital model in reinsurance analysis.
• Comparisons of BCAR, RBC and S&P capital numbers with internal economic capital assessments

The ideal candidate:

• Will be working toward their FCAS designation with a minimum of 4 actuarial exams/significant practical experience in quantitative finance.
• Will have experience working in the property/casualty industry for 3-5 years.
• Economic capital modeling experience is preferred.
• Will be self-driven, detail oriented, highly motivated and accountable for their work product.
• Technical skills including Excel, Access and VBA.
• Experience with SQL and Igloo is preferred.
• Will possess excellent communication/presentation skills.
• Will be willing to teach/learn in a cooperative and dynamic environment.
• Will be knowledgeable in Access, PowerPoint and Word.
• Will have a bachelor's degree, or its equivalent, in a quantitative field.

2. AVP, Senior Actuarial Stat Support Manager (CA)

• Planning, Coordinating, Acquiring, Organizing, and disseminating information from various sources used by the Actuarial Department. Providing required Actuarial reporting
• Proactively identify data needs to support Actuarial business objectives
• Understand company business objectives and how it translates to data needs; work with actuaries and other business users to understand their data needs
• Interact with other data leaders outside of the Actuarial Department to share knowledge and tools
• Coordinate with data experts from across the organization to identify valid data sources to acquire; work with IT to get access to these data sources
• Acquire and organize new data using SAS and other supporting technologies
• Be a leader within the team by collaborating with other technical experts in the group, communicating actively with the group, and creating appropriate documentation
• Identify tools and reports that need to be developed that will enable easy to access to data from end users, using SAS and other related technologies
• Support existing processes and actuarial data stores by standardizing actuarial data management procedures, including documentation of processes, weekly data status reports etc.
• Work with IT to ensure appropriate data governance policies on security, backups etc. are in place.
• Assist all users of Actuarial Data with technical and data related issues

• Bachelor's degree, preferably in a quantitative field
• 5 or more years of related experience with demonstrated achievements and progressive responsibilities in the area of data collection and analysis
• Comprehensive knowledge and understanding of Property & Casualty insurance terminology
• Good knowledge and understanding of technology as it relates to data management
• Proficient skills in SAS and MS Excel
• Proficient in handling large volumes of data; experience using a variety of data file formats and DBMS
• Highly effective verbal and written communication skills
• Ability to manage multiple tasks

3. Associate Actuary (New York)

• This position is responsible for supporting the actuarial and claims departments' needs of the Programs operations for both active and discontinued business. It reports to the senior pricing actuary for the Programs business unit.

• Analyze detailed claims data to detect trends and aberrations by TPA, line of business, class, etc.
• Develop reports on various claim analytics, such as paid…