Actuarial Analyst

Reposted 16 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
80K-90K Annually
Mid level
Insurance
The Role
The Actuarial Analyst role involves data analysis, modeling for reinsurance submissions, collaboration with teams, and pricing risk using tools. Responsibilities include data handling, project assistance, and communicating results effectively.
Summary Generated by Built In
RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

About RenaissanceRe: 

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world's most complicated challenges. To learn more, please visit us at Careers - RenaissanceRe (renre.com).  

 

About Pricing: 

Our Treaty Pricing team is a collaborative global team of pricing analysts and actuaries tasked with building a complete and consistent view of risk for reinsurance transactions across the organisation. We partner closely with underwriting teams to produce accurate pricing analyses and loss estimates for reinsurance transactions. Our work ranges from analyzing large datasets to developing bespoke methodologies, all grounded in precision, expertise, and continuous improvement. We emphasize teamwork, learning, and innovation to adapt to evolving market dynamics. 

 

About the Position: 

Reporting within the actuarial team based in New York. 

 

Key Responsibilities: 

  • Compile, clean, and interrogate data from internal and external data sources 
  • Perform analysis and modelling for assumed per-risk and proportional submissions 
  • Use RenaissanceRe pricing tools to price and represent risks 
  • Collaborate with the actuarial teams across the global casualty organisation and follow consistent pricing practices and approaches 
  • Assist on portfolio-wide and class-specific projects 
  • Communicate pricing results effectively to analysts and underwriters 
  • Contribute to the mission of the organization by implementing its operational plans and strategies and advocating for its corporate values and culture 
  • Monitor industry trends and deepen understanding of market characteristics using both proprietary and publicly available data. 

 

Candidate Qualifications: 

  • Bachelor’s degree in mathematics, statistics, economics, finance, or related field. 
  • Expectation of, or currently active in, pursuing actuarial credential (ACAS, FCAS) 
  • Proficient knowledge of probability and statistics 
  • 2–4 years of insurance industry experience preferred. 
  • Strong computer skills desired, in particular MS Excel and PowerBI 
  • Programming knowledge desirable (e.g. R, Python, SQL, or VBA), with a focus on data manipulation and automation 
  • Strong communication skills with the ability to explain technical information to different audiences 
  • Strong analytical skills; problem-solving through a numerical, structured, logical approach and an ability to work under pressure and to meet challenging deadlines 
  • An ability to solve complex issues with pragmatic solutions 
  • Challenges the status quo and identifies innovative solutions to solve problems and improve work process 

 

We believe that meeting these requirements will position you for success in the role. However, if you fulfil most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn. 
 

The fulltime base salary range for this position is $80,000-$90,000 per year; base salary offered may vary based on job-related knowledge skills, and experience. The position is eligible for bonus and a comprehensive benefits package. This information is provided per the New York City Human Rights Law and applies to positions in New York City. 
 

At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero-tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law. 


Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.
We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.

Top Skills

Excel
Power BI
Python
R
SQL
VBA
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The Company
916 Employees
Year Founded: 1993

What We Do

RenaissanceRe is one of the world’s leading reinsurance companies, consistently recognised for our innovation, technical excellence and creative problem-solving. Our clients are multi-national organizations and government entities who turn to us to help manage the risks of operating in a volatile and uncertain world, including climate change, natural hazards like wildfires and hurricanes, cyber threats and significant societal upheaval. We’re proud of our world-class reputation for exceptional performance and being a trusted partner, there for our clients when it matters most. Our corporate purpose is to protect communities and enable prosperity. When disaster strikes, the claims we pay help keep businesses open and communities rebuild. Ensuring that our technology ecosystem can anticipate and respond to unprecedented global change in the world order is an imperative. It is only through continuously seeking to innovate through transformative technology that we can deliver our strategic business priorities, aims, and objectives. RenaissanceRe’s name comes from our founders’ intention to create a renaissance in quantifying and managing risk. Our success depends on the unique way we combine information, experience and technology to empower our decisions. We have developed new and cutting-edge technologies since the day we started in 1993 and have long been recognized as pioneers and technical innovators; designing and engineering solutions to rapidly serve clients and help them dynamically manage their business

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