Treaty Pricing Actuary

The Treaty Pricing Actuary works with client data to support underwriters and account executives in evaluating and pricing a range of treaty coverages and structures. The role also engages directly with clients to assess trends, test pricing adequacy, and solve business problems. T he candidate would exhibit the following characteristics: High energy, responds with a sense of urgency, has attention to detail and commitment to quality, intellectual curiosity, clear written and oral communication skills for people with varying technical backgrounds, is open minded but able and willing to defend and advocate for your conclusions, maintains an analytic approach even where judgment plays a role, is comfortable working with great uncertainty and incomplete data, welcomes new learning opportunities, and is adaptable to changing business demands and circumstances. Primary Responsibilities: · Demonstrate technical capabilities, which include: o The ability to assess and analyze exposure to loss o Understanding primary insurance policy coverage o Understanding of primary insurance rate making o Ability to evaluate client and product experience o Experience with aggregate and stochastic loss models using frequency and severity distributions, and run stress tests and forecasts to assess treaty profitability and volatility o Capable of interpreting reinsurance treaty language and coverage intent o Ability to determine reinsurance pricing based on model outputs, and interaction with members of the account team o Insurance company financial statement knowledge and how financials relate to reinsurance purchasing decision · Perform pricing analysis across proportional and non-proportional structures – quota share, surplus share, and excess of loss · Perform data analysis and develop analytics that enhance our understanding of the industry and of our clients.