Consulting Actuary - Special Projects

Description

POSITION SUMMARY:

The Consulting Actuary – Special Projects will support the direct underwriting and program underwriting teams, is a subject matter expert in the areas of reserving, rate indications and claims analysis. They are responsible for researching new approaches to business issues and developing the framework to apply these concepts to our bulk reserving and rate indication processes. The candidate will be expected to quickly acquire knowledge of and be able to extract information from relevant internal and external databases in order to evaluate and communicate the key business drivers related to our financial performance.

KEY RESPONSIBILITIES AND ESSENTIAL FUNCTIONS:

• Responsible for conducting reserving analysis, using both traditional and current non-traditional methods; will also be responsible for developing new non-traditional methods.
• Responsible for conducting internal rate indication analysis, using both traditional and current non-traditional methods; will also be responsible for developing new non-traditional methods.
• Responsible for conducting loss trend analysis, using both internal and external data, to understand the drivers and potential future outcomes of both frequency and severity trends.
• Develops and analyzes key claims metrics and statistics to improve accuracy of reserve estimates.
• Works with Financethe Finance team to ensure accurate booking of bulk reserves.
• Assist claims management with developing new reports for operations management.
• Assist claims management with claims initiative analysis, including helping to develop new processes and measuring profitability impacts. Make recommendations and implement solutions.
• Maintain an external network within the insurance industry to track emerging trends and approaches to business issues.
• Serve as a mentor to other team members on aspects of project work, insurance and general business knowledge.
• Perform other job-related duties as assigned.

Requirements

MINIMUM QUALIFICATIONS:

• FCAS or ‘career’ ACAS
• Bachelor’s degree required.
• Master is preferred.
• 10 plus years of actuarial experience
• Experience in pricing (rate filing a plus) and reserving (Annual Statement preparation and statutory reporting a plus)
• Strong written and verbal skills; ability to effectively communicate technical results to a non-technical audience
• Works well in a collaborative environment
• Results oriented
• Has pride in work; is accountable; does what it takes to get the job done

CONFIDENTIAL INFORMATION:

All information (written, verbal, electronic, etc.) that an employee encounters while working at the Company is considered confidential. Reference corporate policies, guidelines and applicable laws. 

WORKING CONDITIONS

This position is located in a professional office environment. This role routinely uses standard office equipment and requires the physical demands of a normal office position with some light lifting. This is a full-time position with benefits.  

DISCLAIMER

This job description is not a contract of employment. Include at-will statement. It represents the minimum requirements of the job and includes the major responsibilities but not all responsibilities. Trean Corporation will change and update this job description, as necessary.