Reinsurance Actuary
Reinsurance Actuary
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Salary Not Disclosed
1 Vacancy
Job Description
UFG is looking for experienced candidates striving to make a difference at a growing innovative company. Within the Actuarial Department youll have the opportunity to develop significant expertise and ownership. The ideal candidate in this role will have strong technical skills demonstrated critical thinking and an ability to effectively communicate and partner with technical and non-technical partners. This specific position focuses on driving profitable growth in our Alternative Distribution segment through the pricing and reserving of its Assumed Re book of business.
This role is part of the Actuarial Student Program at UFG and is eligible for exam support through study hours and financial benefits.
Essential Duties and Responsibilities:
- Perform reinsurance pricing reviews on inwards reinsurance business to support the UFG growth plan.
- Perform quarterly reserving reviews on inwards reinsurance business to support the UFG growth plan.
- Build and maintain tools to manage reinsurance contracts bound including underwriting actuarial and financial reporting information.
- Support the economic capital modeling (ECM) process maintained in the risk office. Work with the risk office to ensure that assumed reinsurance is properly modeled for strategic steering and capital management purposes.
- Support UFGs portfolio steering efforts through analysis of industry exposures and the relationship between UFG and industry results.
Job Specifications:
- Bachelors degree in mathematics statistics or related field
- Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS)
Experience:
- At least five years of relevant experience in as many of the following disciplines as possible:
- Reinsurance/insurance pricing
- Reinsurance/insurance reserving
- Corporate forecasting
- Economic capital modeling
- Statutory and GAAP accounting
- Advanced computer programming
- The ability to translate mathematical models into strategic advice is critical in this role
- Experience with pricing tools at a large reinsurance company or broker
- Fluency in multiple computer languages
- Knowledge of MetaRisk or other capital modeling platforms
- Ability to keep one eye on the big picture and the other on the minutia
Working Conditions:
- General office environment remote work and flexible work arrangements optional.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties responsibilities and skills required. Additional task and requirements may be assigned as necessitated by business need. UFG retains the right to modify the description of this job at any time.
Employment Type
Full-Time
