| Job Description | More information about this job:
Overview:
Responsible for supporting actuarial and financial analyses within the scope of the Actuarial Reserving Department. Builds actuarial and business expertise, including the pursuit of the FCAS designation. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
This position will be associated with specific department functions. Nevertheless, this position may participate in any of the essential functions listed below, as needs arise.
Responsibilities:
Perform quarterly loss and LAE reserve analyses. With moderate guidance from supervisor, analyze loss trends, draw conclusions, and develop projections of ultimate losses and IBNR. Perform associated data reconciliations and technical review of analyses.
Assist in the preparation of designated external and internal financial and management reports. These include but are not limited to 10-K/Q disclosures, statutory schedules (P), and the AY Report. Independently prepare routine reports and other submissions (e.g. data calls, excess profits). Assist in preparing special data calls, with moderate guidance.
Support ceded reinsurance placement by providing information and data for broker submissions. Perform internal pricing analysis for ceded reinsurance, as applicable. Populate and run appropriate statistical modeling software with moderate guidance from supervisor.
Support Enterprise Risk Management process through development and maintenance of the company’s Economic Capital Model. Update model for routine changes in business plan, economic scenarios, etc.
Support ad hoc analyses as requested by manager or department SVP. Prepare data, populate templates, and design non-complex Excel and Access applications.
Improve efficiencies through automation of processes, using Microsoft Office applications, with moderate guidance.
Develop a foundational knowledge of the functions performed by the Reserving department, and how the department relates to other functional areas of the organization.
Qualifications:
Requires solid analytical skills and developing actuarial knowledge base.
Effective communication and interpersonal skills also required.
College degree in Mathematics, Actuarial Science, Statistics or Economics preferred.
2 years of Property/Casualty actuarial work experience.
Successful completion of at least 3 of the Casualty Actuarial Society (CAS) exams is required. |
| | Company | | Selective | Job Code | | State or Province | | New Jersey | | |
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