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The Core Specialty Actuarial Pricing team is seeking an Actuarial Associate to support our growing Primary and Excess Casualty business. This newly created role will play a key part in monitoring portfolio performance, evaluating new business opportunities, conducting studies to refine pricing methodologies and assumptions, and providing actuarial insights to underwriting and business partners. The position offers broad exposure across the business and the opportunity to directly influence underwriting and pricing decisions.
Key Accountabilities/Deliverables:
- Assists with the development of new rating tools when requested, while supporting existing rating tools
- Assists with preparations of monthly, quarterly, and/or ad-hoc reports as needed, while synthesizing and shaping key messages
- Assists with the loss ratio planning and premium budgeting process
- Supports pricing of new program opportunities and existing programs and product lines with technical pricing, expected loss ratios, indicated capital utilization, and any reinsurance analytics as requested
- Applies fundamental actuarial principles in analyzing company and industry data to prepare actuarial analyses
- Prepares and may help present summaries of actuarial analyses for distribution to business partners and senior leadership
- Prepares for and progresses in the CAS examinations through on-the-job and home study
- In addition to the above key responsibilities, you may be required to undertake other related duties from time-to-time as the Company may reasonably require.
Technical Knowledge and Understanding:
- Ability to work collaboratively with a variety of individuals in a variety of functions (e.g. Finance, Claim, Underwriting, Actuarial, Operations)
- Works within deadlines, becoming aware of where sense of urgency is needed.
- Comfortable making judgements, yet open minded to hearing other opinions
- Ability to effectively communicate assumptions and results of analyses
- Ownership of tasks, parts of project
Experience:
- A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
- 2+ Years Experience of relevant experience
- Demonstrated actuarial exam success
- Proficiency in MS Office suit (Excel, PowerPoint, Word, etc.)
- A candidate having or currently pursuing ACAS or FCAS and taking actuarial exams
The expected pay range for the role is $95,000 - $130,000. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
Skills Required
- Bachelor's degree in mathematics, statistics, economics, or related field with strong mathematical background
- 2+ years of relevant experience
- Demonstrated actuarial exam success
- Proficiency in MS Office suite (Excel, PowerPoint, Word)
- Authorized to work for any employer in the U.S.; employer will not sponsor work authorization
- Currently pursuing or having ACAS or FCAS and taking actuarial exams
- Willingness to prepare for and progress in CAS examinations
What We Do
Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses. We have the capital to take on risk, the underwriting talent in place, decisive leadership team, infrastructure, and a proven track record of making things happen – fast! When you’re ready to solve your toughest insurance needs, we’re ready to get it done for you. We free customers up to focus on their business by taking the load of complicated specialty insurance off their hands. We break down the walls of bureaucracy to provide optimal underwriting solutions for brokers. We’re ready, equipped, and motivated to get the job done, efficiently and professionally, by empowering experts with what they need to move quickly on behalf of customers and their brokers. Our specialty focus is the essential part of our identity. It is at our core
