The Core Specialty Actuarial team is looking to grow the team supporting our Actuarial Pricing function. This individual contributor role will primarily be responsible for supporting the Marine, Surety and Aviation & Aerospace Divisions with additional support for Property and Equine Divisions as needed.The role will primarily focus on evaluating pricing adequacy for the existing portfolio, developing and maintaining appropriate diagnostic tools, and providing actuarial subject matter expertise as needed to key stakeholders.
Key Accountabilities/Deliverables:
Assists with the development of new rating tools when requested, while supporting existing rating tools
Assist with premium budgeting and loss ratio planning as requested
Supports pricing of new program opportunities and existing programs and product lines with technical pricing, expected loss ratios, indicated capital utilization, and any reinsurance analytics as requested
Assists with preparations of monthly, quarterly, and/or ad-hoc reports as needed, while synthesizing and shaping key messages
Supports rate filings as requested
Applies fundamental actuarial principles in analyzing company and industry data to prepare actuarial analyses
Prepares and may help present summaries of actuarial analyses for distribution to business partners and senior leadership
Participates in the development and documentation of actuarial department processes
Prepares for and progresses in the CAS examinations through on-the-job and home study
In addition to the above key responsibilities, you may be required to undertake other related duties from time to time as the Company may reasonably require.
Technical Knowledge and Understanding:
Ownership of tasks, parts of project/BU.
Works within deadlines, becoming aware of where sense of urgency is needed.
Able to manage time and prioritize as needed.
Adapts future behaviors based on prior mistakes
Fosters effective relationships with business partners; is considered key resource.
Solicits, accepts, and reacts positively to feedback.
Shares knowledge with team.
Experience:
A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
2 or more years of relevant experience
4 or more exams completed
The expected pay range for the role is $95,000 - $130,000. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position. #LI-Hybrid#LI-Remote
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Numbers & Facts
Location
Chicago, Illinois
Salary
$95,000–$130,000 Per Year
Skills
Actuarial Skillsunmatched
Aerospace and Defenseunmatched
Analysis Skillsunmatched
Aviation Industryunmatched
Budgetingunmatched
Business Analysisunmatched
Distribution Channelunmatched
Documentationunmatched
Economicsunmatched
Establish Prioritiesunmatched
Financial Reportingunmatched
Industry/Trade Analysisunmatched
Leadershipunmatched
Mathematicsunmatched
Pricingunmatched
Reinsuranceunmatched
Statisticsunmatched
Time Managementunmatched
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