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Senior Actuary

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General Reinsurance Corporation

2024-10-04 15:49:26

Job location Stamford, Connecticut, United States

Job type: all

Job industry: Banking & Financial Services

Job description

Evaluate and monitor rate adequacy for our business segments. Manage or assist in projects addressing weak or shaky spots in our portfolio toward quantifying expected loss and amount at risk. Use internal sources of data, as well as external information, including industry and government data sources, for parameters relevant to pricing (e.g. filed rates, for rate comparisons). Review work done by consultants and clients actuaries, and provide suggestions and recommendations (peer review). Construct pricing or other models for users to implement pricing initiatives. Providing technical guidance to team members and others. Respond to inquiries from regulators concerning rates and experience (e.g. complete insurance rate filings, scrutinize data call requests). Correspond with potential clients over their furnished historical loss experience, and our treatment of it. Creatively assess ways to apply our expanded technical resources to improve underwriting efficiency and accuracy. Telecommuting permitted up to 2 days a week. Full time employment, Monday Friday, 40 hours per week, $150,779.00 per year. MINIMUM REQUIREMENTS: Bachelors degree in Actuarial Science, Mathematics, Economics, or similar quantitative fields, and 2 years post-baccalaureate related work experience. Of the required experience, must have 2 years of experience in each of the following: Visual Basic Applications (VBA) for both Excel and Access; SQL, R, or Python; Analyzing pricing algorithms to determine an actuarially fair price; Utilizing external data to measure prices of insurance and reinsurance products, including coverage features, endorsements, and exclusions; and Building or changing models using Excel and Access. Must have passed 2 actuarial exams towards the Associate of the Society of Actuaries (ASA) designation. Domestic travel required up to 2%. To Apply: Email CV to with Job Code Req 550 in the subject line.

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