What are the responsibilities and job description for the Reinsurance Actuarial Analyst position at Career Site?
GBLI | Global Indemnity provides specialty property and casualty insurance for small to middle-market businesses – and we’re on a mission to be the best-in-class while achieving steady, profitable growth. Our guiding principles include the core belief that our people are number one. We also strongly emphasize a customer-centric mentality and disciplined underwriting practices. Our work environment is flexible, friendly, and collaborative, with plenty of opportunities to take charge of your career.
What GBLI offers you:
- Generous paid time off (PTO)
- Professional development opportunities (including a mentorship program)
- Educational assistance program, which covers up to $5,250 in educational costs per year
- Comprehensive health insurance plan (with vision and dental)
- Paid Parental Leave
- Life insurance
- 401(k) retirement plan with up to 6% company match and immediate vesting
- Healthcare and dependent care flexible spending accounts
- Short-term and long-term disability
- Company-sponsored social events
- Various committees to get involved in, which include our Diversity, Equity, and Inclusion Committee, and Charitable Giving Committee
Summary
As a Reinsurance Actuarial Analyst in the Reinsurance & Risk Management Department, you will provide actuarial services primarily supporting our assumed and ceded reinsurance business as assigned by the AVP, Reinsurance Actuary. Additional assignments may include supporting corporate actuarial functions, including but not limited to, risk-adjusted return analysis and pricing support for direct insurance products. You will represent the company in various interactions with brokers, reinsurers and cedents.
Essential Duties & Functions
- Provide lead support for pricing assumed reinsurance treaties. This includes providing estimate of losses and variability around the losses and evaluating sliding scale ceding commissions.
- Collaborate with underwriters and brokers as needed to discuss pricing indications.
- Assist with exposure management team with aggregation analysis of the assumed reinsurance book.
- Assist with placement of ceded/retrocession treaties.
- Analyze internal and industry data such as increased limit factors, loss trend, exposure trend, loss development factors, industry loss costs and various rating factors.
- Assist with other corporate actuarial analysis as necessary.
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics or related field
- CAS Exam 5 completed
- 3 years of professional property & casualty actuarial experience, pricing, rate making experience preferred
- Reinsurance experience a plus
- Self-motivated with an inquisitive desire to learn
- Proven ability to meet defined deliverables
- Proficiency in performing rate indications for property and casualty lines of business
- Strong technical skills in Microsoft office
- Effective written and oral communication skills
- Growing ability to interact professionally with internal and external business partners
- Appropriately challenges status quo
- Addresses issues directly or seeks out assistance to solve problems
