Actuarial Director - Ryan Alternative Risk
Actuarial Director - Ryan Alternative Risk
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$ 160000 - 200000
1 Vacancy
Job Description
Position Summary
This is a highly exciting opportunity to help establish and expand a robust process of risk analysis for business written by Ryan Alternative Risk. This role will partner with cross-functional leadership within Ryan Specialty and insurance partners and will have responsibilities that fall within three main areas: 1) perform actuarial analyses to assess profitability of business written and socialize results 2) contribute to use and expansion of a newly created claims data production and monitoring process and 3) determine and establish early warning indictors and analytical risk identification practices.What will your job entail
Responsibilities
- Lead the profitability analyses using traditional reserving methods for numerous business units including start-to-finish scheduled analyses reporting of results to management teams support during strategy determination and fulfilment of ad hoc requests & deep-dive analyses
- Complete reserving analysis on time each quarter
- Contribute to components of actuarial analytical evolution which may include but are not limited to range analysis large loss modeling portfolio optimization trend analytics and industry benchmarking
- Ensure best in class actuarial techniques are adopted driving innovation and efficiency
- Partner with actuarial pricing and UW management teams on SWOT analysis for business written
- Create ad hoc reports analyses and data sets to identify and solve business problems
- Be a champion of risk awareness and contribute to a sound risk awareness culture across Ryan Specialty
- Improve current process and implement new processes as required including expansion of end-user reporting tools and self-serve dashboards
- Regularly communicate with and support insurance partners and their actuarial staff
- Define compelling business arguments to elicit change on future or existing actuarial issues
Qualifications
- Bachelors degree in Actuarial Economics Statistics or related field
- 10 years of relevant experience
- FCAS or career ACAS
- Deep knowledge of the insurance industry required experience with the specialty commercial and/or reinsurance sectors
- Demonstrated working knowledge of reserving and risk analytics
- Proficient with data manipulation modeling and visualization tools (e.g. SQL Alteryx MS Office Power BI)
- Strong business attitude including written/verbal communication and time management skills
- Detail-oriented with strong organizational analytical and problem-solving skills
- Proven ability to balance multiple projects timelines and stakeholders with minimal direction
- Highly motivated with the ability to work effectively independently and within a team
- Willingness to get involved at all levels and aspects of the process as necessary
Ability to work collaboratively with non-technical senior insurance professionals
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them and their family members achieve their physical financial and emotional well-being goals. In addition to paid time off for company holidays vacation sick and personal days Ryan offers paid parental leave mental health services and more.
The target salary range for this position is $160000.00 - $200000.00 annually.The wage range for this role considers many factors such as training transferable skills work experience licensure and certification business needs and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards visit our website provide individuals with disabilities reasonable accommodations to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at
The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Required Experience:
Director
Employment Type
Full-Time
