This is an opportunity to join Ascot Group - one of the world's preeminent specialty risk underwriting organizations.
Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.
The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.
Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service - both pre- and post-claims. Ascot exists to solve for our clients' brightest tomorrow, through agility, collaboration, resilience, and discipline.
Job Summary:
We are looking for an actuarial analyst to support the continued buildout and ongoing operation of Ascot Group's US Reserving Department. You will be an essential member of the team as we continue the buildout and optimization of Ascot's steady-state reserving processes, and you will get significant reserving experience with all lines of business. This is a great opportunity to develop expertise in various lines of business in a collaborative environment interacting directly with Underwriting, Claims, and Finance.
Responsibilities:
- Perform reserving analyses, and produce management reports and statutory reporting in accordance with quarterly and annual timelines
- Make reserving recommendations for assigned areas through the application of appropriate reserving methods and assumptions
- Analyze existing tools and processes, modifying or creating new tools and improving processes as needed
- Collaborate regularly with Pricing, Claims, Finance, and Underwriting teams to develop deep understanding of line of business trends and emerging claims
- Support and take an active role in implementation of reserving software, reserving process design efforts, and deep dive review processes
- Stay up to date in functional area of expertise, on industry trends and developments, and assure knowledge transfer within the organization
- Provide guidance to less experienced team members
Requirements:
- Proven math and analytical skills, as normally acquired through the pursuit of a Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science, or related field
- 2+ years of relevant actuarial experience, preferably with some commercial or professional lines reserving experience
- Commitment to achieving Associateship or Fellowship in the Casualty Actuarial Society
- Prior experience and knowledge of basic actuarial techniques and standards and insurance operations
- Solid oral and written and presentation communication skills
- Solid interpersonal skills and the ability to work in a team environment as well as independently
- Ability to exercise discretion and apply independent judgment and critical thinking skills in execution of assignments
- Ability to balance multiple projects with some direction
- Proficient in Excel
- Experience using Arius reserving software and PowerBI is a plus
- Programming skills or experience using SQL, VBA, R, Python, and ReMetrica is a plus
- High attention to detail and a strong ability and desire to collaborate across the organization
***This position may be filled at a different level, depending on experience***
Compensation
Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot's total compensation package for employees. Other rewards may include annual cash bonus, and other forms of discretionary compensation awarded by the Company.
- The annualized base pay range for this role is: In New York Metro is: $95,000 - $105,000.
Company Benefits
The Company provides a competitive benefits package that includes the following (eligibility requirements apply):
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more
Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)
Retirement Benefits: Contributory Savings Plan (401k)
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