Insurance jobs in United States

Your Role:

Ibott’s clients are tech-focused, data driven and growing exponentially. Ibott has also grown rapidly and is now becoming a mature, established business with expected plan premiums well in excess of $0.5Bn. Our actuaries are embedded with the underwriters and are instrumental in understanding clients’ needs and meeting these with future-proof insurance solutions. In this role, not only will you be working alongside Ibott underwriters having regular contact with brokers and clients, you will also have the opportunity to create the tools that the underwriters need to be self-sufficient as the business grows.

Data driven decision making is at the heart of what we do at Ibott so you can also expect to influence the overall strategic direction of Ibott and get involved in wider topics than in a more traditional role.

Should you wish, you’ll have the opportunity to travel internationally to engage with clients.

What you’ll do:

• Support underwriters and senior pricing actuaries in developing and maintaining suitable pricing models in accordance with Apollo’s Pricing Policy, including methodologies, ‘benchmark’ rates and loading requirements.
• Maintain strong working relationships with key stakeholders (underwriters, brokers, clients)
• Support underwriters in structuring and pricing complex deals for usage-based insurance contracts.This could include being involved in the negotiations with brokers and clients.
• Assist in the development of accurate, relevant and timely MI and management reporting for internal and regulatory purposes.
• Assist in ensuring that there is an effective feedback loop between actuarial, claims and underwriting on the business written as well as within the actuarial team to ensure relevant information is fed back to capital modelling and reserving actuaries.
• Carry out deep-dive profitability reviews, including preparation of the data and analysis of the profitability of business (sub)segments, as required and ensure the results of these analyses are used to drive business decision making and updates to pricing tools.

What we are looking for:

• Progress towards FIA qualifications, or equivalent
• Experience in the London Market or Lloyd’s
• Proven mathematical and analytical skills with great attention to detail
• Experience in applying statistical methods in case pricing and/or in developing and maintaining pricing tools
• Advanced skills with MS Excel and demonstrable programming experience.
• Partnering mentality with the ability to build strong working relationships with peers, underwriters and other business areas
• Experienced in communicating with a wide range of stakeholders and able to present technical information to a non-technical audience
• Demonstrable problem solving and creative skills
• Knowledge of current economic and professional technical trends and issues
• Skilled at working in a dynamic, fast-paced environment
• Adaptable to strategic business and market shifts
• Knowledge of Python or another programming language
• Ability to analyse and synthesise information from large volumes of data
• Familiarity with data visualisation tools: Power BI or equivalent