Senior Actuarial Analyst

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June 27

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Ryan Specialty

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Insurance • Finance • B2B

Ryan Specialty is an international specialty insurance firm that provides innovative solutions for brokers, agents, and insurance carriers. The company offers a range of services including wholesale brokerage, binding authority, and underwriting management through highly specialized managing general underwriters. Ryan Specialty is a leader in the wholesale brokerage industry, providing expertise with local knowledge and national authority. The firm is committed to delivering distinct national specialty programs and bespoke alternative risk solutions, supporting its clients with comprehensive insurance services.

1001 - 5000 employees

Founded 2010

💸 Finance

🤝 B2B

📋 Description

• This dynamic and highly visible opportunity offers a pivotal role in advancing rating processes, portfolio management, and technical ratemaking within a collaborative MGU underwriting and actuarial environment • Gain hands-on experience with raters by supporting, updating, expanding their functionality, and enhancing overall efficiency • Collaborate closely with underwriters to ensure seamless production and accurate capture of rater data for actuarial monitoring and analysis • Conduct research and ad hoc projects to review and update rate plans, identifying strengths, weaknesses, and opportunities, and proposing rating innovations to enhance underwriting intelligence and profitability • Support portfolio management and reporting initiatives, including monitoring rate changes, assessing adequacy, and performing due diligence analyses to ensure positive portfolio performance and sustainable growth • Partner with senior underwriting leaders and teams to develop business acumen, deepen knowledge of various lines of business, and conduct ad hoc deep-dive analyses as needed to uncover key profit and loss drivers within an insurance portfolio • Provide guidance and mentorship to junior team members as needed

🎯 Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or related field with a minimum of 4 years of related experience; or an advanced degree with a minimum of 2 years of experience; or equivalent work experience • Demonstrated strong understanding of the Property & Casualty insurance business • An Associate or Fellow of the Casualty Actuarial Society (ACAS/FCAS) designation is required • Candidates with at least 5 completed CAS exams or ACAS candidates with less experience may be considered for a Senior Actuarial Analyst role • Individuals who have not yet attained the FCAS designation must be actively pursuing it • Experience with Pricing in Commercial lines, specifically in Excess & Specialty, preferred • Experience with Commercial GL, Cyber lines preferred • Experience in modeling and/or quantitative research in any discipline, with demonstrated projects in machine learning and predictive modeling/econometrics preferred • Strong technology skills including in Microsoft Office (Excel, Power BI) and programming/data manipulation/statistical analysis (SQL, R/Python, Multirate) • Ability to receive and grow from constructive feedback • Ability to rebound from setbacks and navigate challenges with resilience • Willingness to address difficult issues directly and communicate with courage • Strong collaboration skills, building effective partnerships to achieve shared goals • Effective communicator, tailoring messages to diverse audiences for clarity and impact • Customer-focused mindset, dedicated to building strong relationships and delivering solutions • Integrity-driven, earning trust through honesty, authenticity, and reliability • Process-oriented, continuously seeking efficiencies and improvements in workflow • Tech-savvy, staying ahead of digital and technological advancements in business • Appreciation for diverse perspectives, fostering an inclusive and culturally aware environment

🏖️ Benefits

• Paid time off for company holidays • Vacation • Sick and personal days • Paid parental leave • Mental health services • Comprehensive benefits package