We are looking for a self-driven candidate who is excited to uncover insights and make key strategic
decisions to shape HIC’s fiscal year and future trajectory. Ideal candidates are self-starters, asking
questions on their own and sharing insights and recommendations with the team.
The actuarial analyst will be pivotal in shaping our company’s underwriting, developing an
understanding where we are and where we are going. They will assist in the review and publication of
internal rate studies and ad hoc reports. They will be tasked with working with the various internal
claims stakeholders to review reports and certain trends. They will assist in preparing the company’s
rate filings, reviewing reserving studies, and crafting future business opportunities. They will work with
the finance stakeholders to assist with reinsurance cession determinations.
This is for someone who has made progress toward the CAS actuarial designations, but the role does not
require a designation. If the candidate so chooses, we are willing to support actuarial career pursuits
with a bespoke study program, but this is not a requirement.
Requirements
Required:
- Advanced Excel User
- Self-starter
- Team player
Knowledge of actuarial concepts like frequency and severity
Has passed some CAS Exams or propensity to be versed in actuarial science
Heavy R user or willingness to learn R, with a projection to transfer away from R to a more
widely used comparable language
Recommendation
Knowledge of commercial or personal auto
Experience crafting filings or dealing with regulators
Reinsurance experience
Top-down thinker but willing to get in the weeds and fix things when they break
A suitable candidate will understand that we do not have an internal actuary department. They will interact with our external actuary firms, reinsurance partners, and regulatory agencies. This will be a one-person department. They will work collaboratively with the various Company leadership team members. They should be comfortable with Python, R, SQL, Excel/VBA, and working with big data sets, have reserving and pricing experience. They will be proactive, able to take ownership of this role, and grow alongside the Company. We will consider this a hybrid role.
Base salary plus 5% bonus potential
Skills Required
- Advanced Excel proficiency
- Self-starter mindset
- Team player
- Knowledge of actuarial concepts, including frequency and severity
- Passed some CAS actuarial exams or demonstrated aptitude in actuarial science
- Strong R skills or willingness to learn R
- Comfort with Python, R, SQL, Excel/VBA, and large datasets
- Reserving and pricing experience
- Knowledge of commercial or personal auto
- Experience preparing filings or working with regulators
- Reinsurance experience
- Ability to think strategically while troubleshooting detailed issues
What We Do
Hereford Insurance Company serves New York’s for-hire transportation market, providing TLC-required commercial auto liability, workers’ compensation, and physical-damage coverage. It specializes in coverage for app-based drivers, black cars, livery and car services, taxis, green cabs, and paratransit. The company staffs its own underwriting, claims, investigations, legal, and IT teams, and says its mission is to provide high-quality products and services to the livery transportation industry.
