Senior Actuarial Analyst (Reinsurance)
New York City, NY - USA
Job Summary
Title:
Senior Actuarial Analyst (Reinsurance)Company:
Everest Global Services Inc.Job Category:
AnalyticsJob Description:
About Everest:
Everest is a global leader in risk management rooted in a rich 50 year heritage of enabling businesses to survive and thrive and economies to function and flourish. We are underwriters of risk growth progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders who care deeply about our impact on communities and the wider world.
About the role:
Position Summary
The Senior Actuarial Analyst is responsible for conducting and executing actuarial reserving analyses for various Property & Casualty Reinsurance lines of business. This role plays a vital part in evaluating loss and LAE reserves supporting financial reporting and collaborating with Finance Claims Underwriting and ERM. The position requires solid technical reserving expertise strong analytical judgment and the ability to effectively communicate complex results to management.
Key Responsibilities
Reserving & Analysis
Perform quarterly and annual loss/LAE reserve analyses for assigned P&C reinsurance lines of business using actuarial best practices.
Develop and prepare recommendations for carried reserves including detailed rationale for management and audit review.
Independently analyze loss development patterns trends tail factors and large loss activity etc.
Identify emerging issues and proactively explain reserve movements variability and key drivers.
Conduct deep-dive analyses on specific segments coverages and underwriting years as needed.
Financial Reporting & Governance
Support statutory GAAP and management reporting processes.
Prepare comprehensive actuarial exhibits documentation and reserve memos.
Partner with Finance on close processes variance analysis and earnings commentary.
Ensure adherence to internal controls SOX documentation and governance standards.
Collaboration & Business Support
Work closely with Claims to understand operational drivers of loss emergence and incorporate findings into analyses.
Collaborate with Underwriting and Pricing to provide data-driven feedback on loss experience and profitability.
Assist with planning and financial reporting.
Support transformation and process improvement efforts.
Leadership & Development
Contribute to the enhancement of reserving methodologies tools and automation.
Serve as a knowledgeable resource and subject matter expert on assigned lines of business.
Qualifications
Required
Bachelors degree in Actuarial Science Mathematics Statistics Economics or a related quantitative field.
Minimum of 5 years of actuarial experience with P&C reinsurance and/or reserving experience preferred.
Active pursuit of Casualty Actuarial Society (CAS) credentials with ACAS designation preferred.
Advanced proficiency in Excel; working knowledge of actuarial software (e.g. ResQ Arius SAS R or similar) preferred.
Programming data querying or automation experience (e.g. SQL R Python VBA).
Strong written and verbal communication skills with the ability to explain analytical findings to both technical and non-technical stakeholders.
The base salary range for this position is $102000 - $132000 annually. The offered rate of compensation will be based on individual education experience qualifications and work location. All offers include access to a variety of benefits to employees including health insurance coverage an employee wellness program life and disability insurance 401k match retirement savings plan paid holidays and paid time off (PTO).
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What if I dont meet every requirement At Everest we are dedicated to building an inclusive and authentic workplace. So if you are excited about this role but your past experience doesnt align perfectly with every element in the job description we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.
Our Culture
At Everest our purpose is to provide the world with protection. We help clients and businesses thrive fuel global economies and create sustainable value for our colleagues shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickhereto learn more about our culture.
- Our Valuesare the guiding principles that inform our decisions actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
- Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues and the global communities we serve.
Type:
RegularTime Type:
Full timePrimary Location:
New York NYAdditional Locations:
Toronto - Reinsurance CanadaEverest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion or creed sex (including pregnancy) sexual orientation gender identity or expression national origin or ancestry citizenship genetics physical or mental disability age marital status civil union status family or parental status veteran status or any other characteristic protected by law. As part of this commitment Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process to perform essential job functions and/or to receive other benefits and privileges of employment please contact Everest Benefits at
Required Experience:
Senior IC
About Company
At Everest, we underwrite opportunity for all stakeholders with protection and peace of mind in an increasingly complex and uncertain world.