Reinsurance Actuary (Remote)

Hispanic Alliance for Career Enhancement; Madison (WI); Remote; USD 111,000 - 190,000; Full time

Job summary

An established industry player is seeking a skilled actuary to lead complex analyses related to reinsurance pricing. This role involves building models, developing forecasts, and serving as a subject matter expert to business partners. The ideal candidate will possess strong analytical skills and experience in pricing strategies, contributing to innovative solutions in a collaborative environment. With a focus on mentoring and fostering a performance-driven culture, this position offers a unique opportunity to impact the organization's actuarial activities significantly. If you are passionate about data-driven decision-making and thrive in dynamic settings, this role is perfect for you.

Benefits

Medical benefits

Dental benefits

Vision benefits

401(k) plan

Pension plan

Annual incentive

Paid holidays

Paid time off

Student loan repayment

Paid family leave

Qualifications

• Experience in analyzing reinsurance treaties and pricing strategies.
• Knowledge of complex insurance structures and industry trends.

Responsibilities

• Develop relationships with business partners and provide insights.
• Analyze profitability of reinsurance opportunities and facilitate pricing strategy.

Skills

Customer-driven solutions

Reinsurance analysis

Pricing strategies

Statistical modeling

Collaboration skills

Education

Associate or Fellow in Casualty Actuary Society (ACAS or FCAS)

Tools

Excel

SQL

Python

Catastrophe models (RMS, AIR)

Job description

You will lead and perform complex analyses for the full range of actuarial activities related to Reinsurance pricing for a line of business (LOB). Build models and projections to enable the business to generate consistent and sound prices. Develop forecasts and models for reinsurance. Serve as a subject matter expert and consultant to business partners throughout the organization. Present findings and recommendations regarding development or effectiveness.
You will report to the Director, Actuary - Reinsurance.

Position Compensation Range:

$111,000.00 - $190,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.

Primary Accountabilities

• Develop relationships with core business partners and provide insights and solutions to address specific business concerns.
• Explore new concepts, statistical models, and data sources to deliver innovative solutions for the business.
• Contribute to all aspects of pricing and own the recurring process.
• Facilitate the pricing strategy.
• Help develop pricing for new products and rating structures.
• Monitor industry and competitor trends to determine potential impact on actuarial strategies and solutions.
• Analyze the profitability of assumed casualty treaty reinsurance opportunities.
• Maintain a portfolio analytics framework, ensuring consistent analytical standards for evaluating reinsurance opportunities.
• Create a collaborative, performance-driven work environment by fostering trust, transparency, and inclusion. Mentor and develop team members.
• Collaborate with Underwriting to provide input on potential deals.

Specialized Knowledge, Skills, and Education Requirements

• Experience providing customer-driven solutions, support, or service.
• Experience analyzing assumed reinsurance treaties.
• Experience pricing assumed casualty reinsurance treaty submissions.
• Knowledge of complex insurance and reinsurance structures.
• Understanding of property and casualty products, pricing, rates, and industry trends.
• Knowledge of the global reinsurance industry, market, regulatory constraints, judicial climate, and consumer activism.
• Experience with Excel, SQL, Python, and basic programming.
• Knowledge of catastrophe models such as RMS and AIR.
• Knowledge of advanced financial and statistical analysis techniques including actuarial methods.
• Understanding of data models and database design and development.
• Associate or Fellow in Casualty Actuary Society (ACAS or FCAS).

Travel Requirements

• Up to 10%

Physical Requirements

• Primarily sitting/standing work.

#LI-Remote

We encourage you to apply even if you do not meet all the listed requirements. Skills can be applied in many ways, and your experience may be relevant beyond a checklist of requirements. We welcome passionate applicants!

We offer benefits supporting your physical, emotional, and financial wellbeing, including medical, dental, vision, wellbeing benefits, a competitive 401(k), pension plan, annual incentive, paid holidays, and paid time off. Our student loan repayment and paid-family leave programs are also available. Interns and contingent workers are not eligible for all benefits.

We are an equal opportunity employer, committed to non-discrimination and equal opportunity laws. Qualified applicants with criminal histories are considered in accordance with applicable laws.