Senior Consulting Actuary- Technology Risk Practices

Lockton; San Francisco (CA); On-site; USD 120,000 - 150,000; Full time

Job summary

Lockton is seeking a Senior Consulting Actuary to join their dynamic team in San Francisco. You will play a crucial role in developing innovative insurance products while leading collaboration between account teams and analytics partners to ensure data quality and completeness.

The ideal candidate should possess at least 7-10 years of experience in insurance analytics, a solid grasp of insurance concepts, and proficiency in data analysis tools like Excel and SQL. This full-time position operates primarily in an office environment with some flexibility and occasional travel.

Qualifications

• 7-10 years of experience in insurance analytics or data analysis.
• Proficiency in data quality assurance and validation methodologies.
• Strong understanding of fundamental insurance concepts.

Responsibilities

• Lead complex analytical research on specialized insurance topics.
• Design analytical models to evaluate risk factors and pricing implications.
• Translate complex insurance data into meaningful strategic insights.

Skills

Analytical skills

Communication skills

Attention to detail

Critical thinking

Education

Bachelor's degree in Analytics, Statistics, Actuarial Science, Finance, Economics, or related field

Tools

Excel

SQL

Python

Job description

We seek a Senior Consulting Actuary to join our team. In this role, you will be part of an engaging and dynamic brokering team building insurance products that use creative analytics solutions to advocate for our clients. You will also lead our conversations between our account team and our internal analytics partners, ensuring data completeness and quality, and managing workflow and work quality. The ideal candidate will have a strong foundation in insurance analytics, a solid understanding of fundamental insurance concepts, and the ability to transform complex data into actionable insights.

Key Responsibilities

Advanced Analytics for Bespoke Analysis

• Spearhead sophisticated analytical research on specialized insurance topics, including innovative initiatives in autonomy and actuarial research
• Design and implement analytical models to evaluate risk factors, pricing implications, and coverage considerations for specialized insurance scenarios
• Translate complex insurance data into meaningful insights that drive strategic decision-making
• Research industry trends and emerging risks to provide proactive recommendations on underwriting approaches
• Co-develop internal analytics initiatives by applying statistical techniques to uncover patterns and relationships within insurance data

Data Review and Workload Management with our internal Analytics partners

• Lead our relationship between our team and internal analytics partners
• Mitigate data discrepancies or missing elements independently
• Develop and execute standardized data preparation procedures to ensure efficient workload management, streamline the review process, and minimize delays

Qualifications

Required Qualifications

• Bachelor's degree in Analytics, Statistics, Actuarial Science, Finance, Economics, Insurance, or related field
• At least 7-10 years of experience in insurance analytics, data analysis, or a related role within the insurance industry
• Demonstrated superior understanding of fundamental insurance concepts, including supply/demand dynamics, loss components, and their interrelationships
• Proficiency in data analysis tools such as Excel, SQL, and Python
• Experience with data quality assurance processes and validation methodologies
• Strong analytical skills with the ability to interpret complex datasets and identify meaningful patterns

Preferred Qualifications

• Insurance industry certifications such as ACAS, CPCU, or ARM
• Deep understanding working with claims data, policy information, and underwriting systems
• Background in predictive modeling or machine learning applications in insurance
• Extensive experience of the forefront of technology innovations and related insurance implications

Skills and Competencies

• Exceptional attention to detail and commitment to data accuracy and integrity
• Strong critical thinking and problem-solving abilities to address complex analytical challenges
• Collaborate effectively across internal teams and external partners by understanding diverse stakeholder priorities and delivering solutions that align technical requirements with organizational objectives
• Excellent communication skills to adapt communication approaches and translate technical findings into business insightsSelf-motivation and the ability to work independently while managing multiple priorities
• Advanced knowledge of insurance industry terminology, products, and regulatory considerations

Working Conditions

This full-time position primarily operates in an office environment. The role may require occasional travel to meet with partners or attend industry events. Some flexibility in work scheduling may be necessary to meet project deadlines.