Associate Actuary

TransRe; New York (NY); Hybrid; USD 165,000 - 200,000; Full time

Benefits offered by this job

Comprehensive benefits package

Paid time off

Incentive pay opportunity

Job summary

TransRe in New York City is seeking an Associate Actuary to join the Pricing team. You will collaborate with Underwriting to evaluate deals and influence final pricing decisions, with visibility to senior leadership across Underwriting and Actuarial divisions.

The role involves pricing reinsurance treaties for casualty and professional liability, portfolio analytics, profitability studies, quarterly reserving, and ad-hoc actuarial projects, with a hybrid schedule and potential for leadership

Qualifications

• 10+ years of actuarial pricing experience in the P&C insurance or reinsurance industry.
• ACAS or FCAS designation required.
• Proficiency in Excel, including PivotTables and PivotCharts.
• Strong ability to communicate and collaborate with cross-functional stakeholders.

Responsibilities

• Pricing Reinsurance treaties & certificates for traditional casualty and professional liability.
• Participating in client visits & audits.
• Conducting annual profitability studies.
• Quarterly reserving work.
• Parameter studies of loss trend, loss development factors, increased limits factors.
• Assisting in portfolio analytics.
• Supporting ad-hoc actuarial projects.

Skills

Actuarial pricing (P&C)

Communication & collaboration

Data analysis

Tools

PivotTables

PivotCharts

Excel

Job description

About Us

Since 1977 we have delivered first class solutions to insurers worldwide, by combining global reach with local decision making. We have built customer & broker relationships on years of trust, experience and execution. Through our people, our products and our partnerships, we deliver the capacity and expertise necessary to contribute to the sustainable growth of prosperous communities worldwide. To do so, our colleagues work with:

Integrity Work honestly, to enhance TransRe’s reputation

Respect Value all colleagues. Collaborate actively.

Performance We reward excellence. Be accountable, manage risk and deliver TransRe’s strengths

Entrepreneurship Seize opportunities. Innovate for and with customers.

Customer Focus Anticipate their priorities. Exceed their expectations.

We have the following job opportunity in our New York City office:

Description

The Associate Actuary will work within the Pricing team in New York City and will report to a Senior Pricing Actuary. This role will work directly with Underwriting teams to evaluate deals and advise on final decision-making process. There will be great visibility to senior leadership in both the Underwriting and Actuarial teams. Responsibilities required of this role include, but are not limited to:

• Pricing Reinsurance treaties & certificates for traditional casualty and professional liability
• Participating in client visits & audits
• Conducting annual profitability studies
• Quarterly reserving work
• Parameter studies of loss trend, loss development factors, increased limits factors
• Assisting in portfolio analytics
• Supporting ad-hoc actuarial projects

Requirements

• 10+ years of experience of actuarial pricing in the P&C insurance or reinsurance industry
• Reinsurance experience is strongly preferred
• ACAS or FCAS designation
• Proficiency in Excel, including working with large datasets using PivotTables and PivotCharts
• Demonstrated experience advising underwriters on deal pricing
• Strong ability to communicate and collaborate with cross-functional stakeholders

Work Schedule

TransRe is supportive of an agile work schedule, which may differ based on individual roles, your local office’s practices and preferences marketplace trends, and TransRe’s business objectives. This position is located in our New York City office and is eligible for a hybrid work schedule with 3 days in the office per week, and 2 days remote.

Compensation

In addition to base salary, for this position, TransRe offers a comprehensive benefits package, paid time off, and incentive pay opportunity. The anticipated annual base salary range in New York for this position, exclusive of benefits, paid time off, and incentive pay opportunity is $165,000 – $200,000. This range is an estimate and the actual base salary offered for this position will be determined based on certain factors, including the applicant’s specific skill set and level of experience.

We are an Equal Opportunity Employer (EOE) and we support diversity in the workforce.