Reinsurance Actuary

Are you looking for more than just a job? Do you want to have a voice and feel a sense of belonging? At ICW Group, we hire innovative people who consistently adapt, grow and deliver. We believe in hard work, a fun work environment, and embracing creativity that only comes about when talented people collaborate to develop solutions. Our mission is to create the best insurance experience possible.
 

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for seven consecutive years as a Top 50 performing P&C company offering the stability of a large, profitable and growing company combined with a small-company entrepreneurial spirit. Our purpose-driven ethos provides team members with opportunities to contribute, develop, and belong. 

PURPOSE OF THE JOB 

The purpose of this job is to price various assumed reinsurance treaties to aid ICW Assumed Re in decision making for maintaining a profitable program. This position exists to support and execute Company strategy as directed by the Head of Assumed Reinsurance, while establishing and upholding department direction, vision, and process.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Provides complex pricing analyses and develops pricing tools.

• Provides technical, actuarial analyses in the areas of pricing, ratemaking, reserving, analytics, and systems integration. While the core of this role is pricing, some reserving analyses may be necessary.
• Takes initiative to develop new business processes or comprehensive analytic efforts.
• Ensures that the work product supports business growth and profitability.
• Takes responsibility to extensively modify processes to improve accuracy and efficiency.
• Ensures soundness of actuarial analyses and consistency with Actuarial Standards of Practice.
• Takes a prominent role in communicating and explaining actuarial findings to business leaders.

Aids in the management of overall risk and catastrophe aggregates.

• Utilizes catastrophe modeling software and other knowledge of general catastrophe modeling to provide analyses of catastrophe aggregates for the in-force assumed portfolio.
• Extracts key insights from modeled data on an ad-hoc basis to answer specific business questions.
• Invokes critical thought process to solve complex modeling problems and identify dependencies in processes.

Leads the development of tools/systems to collect data and establish process.

• Creates and develops tools to ingest cedent submission data into ICW databases for future reference and data mining.
• Establishes repeatable processes for reinsurance pricing to generate consistent analyses.
• Develops methods for automating the process of converting cedent data for use in actuarial analyses.
• Partners with Chief Risk Officer and Vice President of Assumed Reinsurance to define and enrich assumed reinsurance underwriting guides to aid in reliable decision-making practices.

SUPERVISORY RESPONSIBILITIES 

This position does not have direct reports.

EDUCATION AND EXPERIENCE 

Bachelor's degree from four-year college or university required with a major or emphasis in Applied Mathematics, Computer Science, or related field. Minimum 4 years of related experience and/or training; or equivalent combination of education and experience required. Experience with catastrophe modeling software such as RMS and/or AIR is preferred.

CERTIFICATES, LICENSES, REGISTRATIONS 

Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS) designation required.  

KNOWLEDGE AND SKILLS

• Strong interpersonal skills and proven project leadership abilities. Thorough knowledge of actuarial models and ability to assess results.
• Dedication to work toward building a working knowledge of emerging analytic techniques.
• Ability to work independently in deriving solutions to new business problems. Comfortable and competent in client interaction settings.
• Ability to take ownership of actuarial pricing analyses.
• Ability to apply mathematical concepts, standard statistical methods, modeling and simulation techniques, trend, indexing, cash flow, and financial analysis. Thorough knowledge of Microsoft Excel, SQL and related database tools, basic programming, and data mining; and other emerging statistical analytic techniques.
• Ability to grasp analytic concepts and learn new tools and logic within established processes.
• Adaptable to shifting workloads and building positive working relationship within the department.
• Ability to cross-train others and ability to manage and to prioritize concurrent assignments and responsibilities.

PHYSICAL REQUIREMENTS  

Office environment – no specific or unusual physical or environmental demands and employees are regularly required to sit, walk, stand, talk, and hear.  

WORK ENVIRONMENT  

This position operates in an office environment and requires the frequent use of a computer, telephone, copier, and other standard office equipment.

We are currently not offering employment sponsorship for this opportunity.

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The current range for this position is

This range is exclusive of fringe benefits and potential bonuses.  If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

WHY JOIN ICW GROUP?
•    Challenging work and the ability to make a difference
•    You will have a voice and feel a sense of belonging
•    We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
•    Bonus potential for all positions
•    Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)
•    10 paid holidays throughout the calendar year
•    Want to continue learning? We’ll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.