Actuarial Analytics Director – Reinsurance

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🔥 1 minute ago

🦌 Connecticut, New York – Remote

🦌 Connecticut – Remote 🗽 New York – Remote

💵 $200k - $220k / year

⏰ Full Time

🔴 Lead

📊 Actuary

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Group 1001

WebsiteLinkedInAll Job Openings

501 - 1000 employees

💼 Consulting

🏥 Healthcare

💸 Finance

Consulting • Healthcare • Finance

Group 1001 is a collective focused on empowering companies and communities through innovative financial solutions and strategic partnerships. The company provides simple and accessible insurance and annuity products designed to help individuals manage and grow their savings. Their online investing platform offers users a digital means to control their financial futures. Group 1001 also invests in partnerships that enhance community development through education and sports. With a tech-driven culture, they are transforming the insurance industry and helping communities thrive.

📋 Description

• Oversee Portfolio Surveillance, Loss Model, Mark to Market and Capital Adequacy reports • Oversee loss reserving analysis and methodology across the reinsurance and RVI portfolios • Oversee Capital Charge Models for all lines of business and the whole company • Develop scorecards to manage concentration and accumulation risks • Peer review reinsurance transactions • Design, build and own the end-to-end reinsurance data pipeline • Develop and maintain the reinsurance and treaty database and supporting data structures • Ensure model inputs are auditable and defensible for auditors, rating agencies and regulators • Apply statistical and machine learning techniques to insurance data, including claims frequency and severity modeling, fraud and leakage detection, portfolio segmentation and predictive underwriting triage • Perform exploratory analysis on new lines of business and design data capture required to build credibility over time • Support new business development for US and international markets, including market research • Provide quantitative analysis and information for business lines and corporate initiatives • Partner with Risk Management, the Guarantee business and the Reinsurance business • Potentially supervise analysts and build and lead a team as the function grows

🎯 Requirements

• Bachelor’s degree in actuarial science, economics, statistics or related field • 7-10 years’ experience in an analytical position, preferably in P&C insurance or reinsurance • 2-5 years’ experience managing a quantitative, actuarial or data team • Demonstrated experience building or substantially rebuilding a data pipeline or analytical data platform • Reinsurance, fronting, MGA or program business experience strongly preferred • Ability to conduct in-depth research on business issues and communicate findings verbally or in writing • Ability to train, manage and mentor small teams • Strong interpersonal, leadership and collaboration skills • Strong intellectual curiosity and ability to learn new subjects, tasks and skills quickly • Strong understanding of actuarial principles, reserving and pricing technique, compliance requirements, risk management technique and financial modeling • Excellent skills and experience in data analysis and data management • Advanced SQL and Python • Proficient in Microsoft Excel • Working knowledge of statistical software such as R, STATA or SAS • ACAS or FCAS is a plus

🏖️ Benefits

• Comprehensive health insurance • Dental insurance • Vision insurance • Basic and Supplemental Life Insurance • Short- and Long-Term Disability • Employee Assistance Program • Wellness programs • 401K plan with matching contributions by the Company