- Salary
- $95k – $130k
- Location
- IL Chicago, United States of America
- Workplace
- Remote, Hybrid
- Type
- Full-time
- Department
- Insurance
- Seniority
- Entry
- Education
- Bachelor
- Visa
- Not sponsored
- Source
- Workday
Description
-
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
