drjobs Associate Actuary

Associate Actuary

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1 Vacancy
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Job Location drjobs

Berkeley Heights, NJ - USA

Monthly Salary drjobs

$ 65000 - 75000

Vacancy

1 Vacancy

Job Description

Specialty Program Group (SPG) is seeking to expand its actuarial capabilities with the addition of a dynamic and collaborative professional. This position will report directly to the Vice President & Actuary and will play a key role in advancing SPGs analytical and strategic initiatives.

In this role you will regularly engage with crossfunctional teams including colleagues in Finance Information Technology the leadership of SPGs managing general agencies (MGAs) and senior SPG executives. You will support a broad range of business written through both traditional agent/carrier relationshipsoften involving fronting carriers and reinsurersas well as innovative alternative risk transfer solutions.

Key Responsibilities

  • Completion of traditional actuarial analysis for commercial business prodcts including Commercial Auto General Liability and Workers Compensation
  • Application of advanced ratemaking and predictive analytics to improve the underwriting and/or rating processes
  • Train and mentor staff to implement predictive analytics
  • Provide an internal view of the underwriting performance of assigned books of business semiannually
  • Present findings to key stakeholders including SPG management MGA leadership carriers reinsurers and brokers as needed
  • Ensure impacts of business actiuvities are effectively identified measured and monitored
  • Perform segmentation analyses implement analytical tools and provide requirements for analyzing the experience of various products classification systems rating plans and catastrophe exposures
  • Aggregate synthesize and analyze data from disparate sources drawing actionable conclusions
  • Work collaboratively with the finance department during the budgeting process and on adhoc analyses as needed

Qualifications

  • Bachelors degree required preferably in related field of study such as actuarial science math/applied math statistics/applied statistics data science
  • Associate of the Casualty Actuarial Society (ACAS) designation
  • Five or more years of experience in a Property & Casualty pricing actuarial role
  • Understanding of reinsurance treaties and structures
  • Advanced Microsoft Excels and SQL Server skills required
  • Knowledge of R and Python
  • Pragmatic problem solver who can apply actuarial concepts to multiple lines of business and varied data sources

Disclosure required under applicable state or municipality regulations: The expected salary range for this position is $65000 to $75000 and will be impacted by factors such as the successful candidates skills experience and working location as well as the specific positions business line scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance FSA HSA and 401(k) accounts paidtimeoff benefits and eligible bonuses equity and commissions for some positions.

    Department Business Operations

    Required Experience: 57 years of relevant experience

    Required Travel: No Travel Required

    Required Education: Bachelors degree (4year degree)

    HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity national origin religion age color sex sexual orientation gender identity disability or veterans status or any other characteristic protected by local state or federal laws rules or regulations.

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    Required Experience:

    IC

    Employment Type

    Full-Time

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