Actuarial Analyst

About Sutton National

Sutton National Group offers admitted and surplus capacity through Sutton National Insurance Company and Sutton Specialty Insurance. At Sutton, we work directly with program administrators and reinsurers to create long-lasting program success, leading with underwriting and retaining up to 20% of working layer risk to add value and fully align interests with its partners.

With an A.M. Best Rating of A- (Excellent) and a solid financial foundation (Financial Size Category VIII), Sutton National offers the stability of a well-established company combined with the agility of an innovative, growth-focused organization.

At Sutton National, you’ll collaborate with top-tier professionals in underwriting, actuarial, financial services, reinsurance, compliance, and claims. Our team is passionate about driving meaningful partnerships with select program administrators and reinsurers, ensuring true alignment of interests and delivering exceptional value to our clients.

Sutton National's Actuarial Team is looking for an Actuarial Analyst that will be responsible for assisting in the development, implementation, and execution of the pricing and reserving capabilities of the department. In this role, you will have the ability to work collaboratively with both internal and external clients; contribute meaningfully with ad-hoc analyses and projects from start to finish; communicate results and findings of work; demonstrate curiosity and identify areas for improvement and value add. Ideal candidates must be proactive and able to adapt quickly to a fast-paced highly collaborative environment and must have the desire to grow with the Company in an expanding role. We are seeking a driven and motivated problem solver ready to take an active role in the day-to-day execution of tasks to advance the Sutton’s overall mission.

Duties and Responsibilities

• Assist with data testing related to changes and updates in the Company data lake.
• Assist in the development and maintenance of reports to monitor KPIs for each program, including but not limited to loss ratios, historical rate changes, claim frequency/severity, aggregation, limits profile, class/industry profile, etc., and the ongoing monitoring of inforce portfolios.
• Contribute to the automation of rate level indications and reserving analyses spreadsheets.
• Conduct periodic program specific profitability reviews.
• Perform quarterly reserve analysis to establish and monitor IBNR reserves for each program, including allocation of IBNR to line of business and jurisdiction.
• Assist with ad-hoc projects on an as-needed basis.
• Perform miscellaneous job-related duties as assigned.
• Maintain organized and up to date files for all work product, materials, and resources associated with the Position.

Qualifications and Requirements

• Bachelor’s degree in Actuarial Science or related field.
• Preferred Years of Experience and Exams

2 years of actuarial property and casualty insurance or reinsurance experience in any combination of pricing and reserving; and 3 actuarial exams.

• Experience in developing, automating and updating pricing and reserving analyses.
• Experience with SQL, R, Python and/or Power BI.
• Must be authorized to work in the US

Physical Demands and Work Environment

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 regularly required to sit and use hands to finger, handle, or feel objects, tools, or controls. The employee frequently is required to talk and hear. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus. The noise level in the work environment is usually moderate.

Sutton National Group is an Equal Opportunity Employer. All aspects of consideration for employment and employment with the Company are governed on the bases of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.