What are the responsibilities and job description for the Actuarial Analyst position at Nsd Newco?
Position Summary: The Actuarial Analyst will evaluate and manage financial risks for NSD. This will include analyzing data to assess the likelihood of future events and their potential impact on the organization's financial stability. The Actuarial Analyst will provide support to the Actuary on strategic decision-making and help ensure the long-term financial security of the organization.
Duties and Responsibilities:
Risk Assessment: Analyze data and trends to assess the frequency and severity of future loss events.
Product Development: Collaborate with product development teams to design new insurance products, features, and other financial services tailored to meet the needs of clients and policyholders.
Financial Modeling: Develop mathematical models and statistical techniques to quantify and manage risk, including pricing insurance policies, setting premiums, and determining appropriate reserve levels.
Regulatory Compliance: Ensure compliance with regulatory requirements and industry standards, including financial reporting standards, solvency regulations, and risk management guidelines.
Communication: Present findings and recommendations to key stakeholders, including senior management, board members, regulators, and clients, in clear and concise reports.
Risk Management: Identify and evaluate emerging risks and opportunities and develop strategies to mitigate risk and optimize financial performance.
Actuarial Research: Stay abreast of industry developments, market trends, and regulatory changes through ongoing research and professional development activities.
Team Collaboration: Work closely with other actuaries, underwriters, financial analysts, and professionals from various disciplines to achieve organizational goals and objectives.
Continuous Improvement: Seek opportunities to enhance processes, methodologies, and tools to improve the efficiency and effectiveness of actuarial operations.
Education and Work Experience:
Bachelor's degree in mathematics, statistics, actuarial science, finance, or a related field is required. Advanced degree (e.g., Masters or Ph.D.) is a plus.
Professional certification as an actuary (e.g., Fellow of the Casualty Actuarial Society) is preferred.
Strong analytical and problem-solving skills, with proficiency in mathematical modeling, statistical analysis, and financial theory.
Excellent communication skills, with the ability to convey complex concepts and findings to both technical and non-technical audiences.
Proficiency in one or more programming languages such as R, Python, SAS, or SQL is required.
Experience with actuarial software and tools (e.g., Prophet, AXIS, Emblem) is a plus.
Knowledge of insurance principles, financial markets, and regulatory requirements is desirable.
Ability to work independently and collaboratively in a fast-paced, dynamic environment, with a high degree of accuracy and attention to detail.
Knowledge and Skills:
To perform the job successfully, an individual should demonstrate the following competencies to perform the essential functions of this position.
Strong technical background
Analytical and critical thinker
Creative problem solver
Highly motivated self-starter
Ability to work in a fast-paced, dynamic environment to meet deadlines.
Must maintain the highest level of confidentiality at all times.
Ability to communicate effectively (verbal and written)
Excellent interpersonal skills
Strong attention to detail
Ability to identify discrepancies and take initiative to research variances and correct.
Hours Required: Monday to Friday 8:00 AM to 5:00 PM
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to talk or hear, sit, use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; and occasionally required to stand; walk; climb stairs. The employee must occasionally lift and/or move up to 20 pounds.
Specific vision abilities required by the job include close vision and the ability to adjust focus.
Work Environment:
Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The usual environment is in a business office with a noise level in the work environment that is usually moderate.
This position is Exempt.
This job description reflects management's assignment of essential functions and may be subject to change at any time due to reasonable accommodation or other reasons.
