Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Actuary - Financial Lines and Professional Lines (FLPL) will play a critical role in analyzing, pricing, and managing the FLPL products. The role reports to the current lead FLPL actuary. These products include Directors & Officers (D&O), Errors & Omissions (E&O), Cyber Insurance and other specialty lines. The ideal candidate would have 5-10 years pricing experience in the property and casualty insurance industry at be at or near the Associate of the Casualty Actuary Society (ACAS) Designation.
Responsibilities:
- Pricing and Product Development: Development and refinement of pricing models. Collaborate with underwriting, product development, and marketing teams to design and implement new insurance products.
- Risk Assessment: Conduct thorough risk assessment and loss forecasting. Utilize actuarial techniques and statical models to evaluate and mitigate risk.
- Data Analysis: Analyze large datasets to identify trends, patterns, and insights that inform pricing strategies and risk management practices.
- Collaboration: Work closely with cross-functional teams, including underwriting, claims, finance, and IT to support business objectives and drive profitable growth.
- Continuous improvement: Stay current with industry trends, regulatory changes, and advancements in actuarial science. Continuously seek opportunities to improve processes and methodologies.
- Data Management: Review and update large data sets for accuracy and consistency.
Qualifications:
- Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
- Experience: 5-10 years of actuarial pricing experience in the property casualty insurance industry.
- Technical Skills: Proficient in actuarial software and tools (e.g. R, Python, SQL, Excel). Strong analytical and problem solving skills.
- Communication: Excellent verbal and written communication skills. Ability to convey complex actuarial concepts to non-actuarial stakeholders.
- Designation: At or near the ACAS designation.
- Team Player: Ability to work effectively in a collaborative team environment. Strong interpersonal skills and the ability to build relationships with internal and external stakeholders.
- Attention to detail: High level of accuracy and attention to detail in all work products.
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.