Senior Pricing Actuary - Ryan Re
Position
Summary:
The Senior Pricing Actuary provides modeling and pricing support to the underwriting team, as detailed below.
The position reports to the Chief Actuary, Ryan Re Underwriting Managers.
Essential Functions:
- Treaty account pricing, including:
review of submission and associated material; compile questions and data requests to underwriters; price account using rating tools, in collaboration with underwriter; review Firm Order Terms and adjust rating if necessary; document actuarial pricing assumptions and decisions. - Improve the efficiency and flexibility of existing pricing models, and develop new models as required.
- Develop and maintain a Profitability Report (a/k/a Actual vs.
Expected Report), showing premium, reported loss, and expected ultimate loss, by client, account, and Treaty Year. - Assist in the compilation of portfolio-level statistics, in particular bound premium, loss ratio, combined ratio, and distribution of accounts by various segments, e.
g.
line of business and client category. - Assist in the potential future linkage of actuarial pricing systems and underwriting/accounting/reporting systems.
- Perform actuarial peer reviews of ratings done by other actuaries or underwriters, as requested.
Education/Experience/Skills:
- Bachelor s degree or higher.
- FCAS preferred, but will consider ACAS.
- Minimum of 5 years reinsurance pricing experience.
- Programming and model building skills required.
Strong VBA skills required; other languages (SAS, SQL, R, Python) desirable. - Technologically savvy and data driven.
- Ability to work in a fast-paced environment.
- Attention to detail.
- Excellent communication skills.
- Ability to work in a highly automated, paperless environment, including specialized software packages.
- Ability to understand written and oral communication, and interpret abstract information.
- The individual will be required to proactively manage their time and workload to meet deadlines on account pricing and project targets.
Disclaimer
Ryan Specialty Group is an Equal Opportunity Employer.Estimated Salary: $20 to $28 per hour based on qualifications.
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