Predominately remote position with a requirement to be in the NYC office every Wednesday.
Position Summary:
The purpose of this job is to develop pricing and underwriting tools, automate ratemaking process and provide strategic pricing recommendations based on in-depth profitability analysis to optimize business profitability and improve pricing accuracy through actuarial methodologies, technologies and rate filings. This job will perform and communicate pricing goals for large accounts, excess and non-admitted business. This job will also perform reinsurance pricing and reserving estimation.
Essential Duties and Responsibilities:
- Develop and maintain pricing and underwriting tools, such as policy rating models, large account pricing tool to provide pricing accuracy and facilitate data-driven decision-making across functions.
- Provide strategic insights and recommendations to inform company pricing strategies and portfolio management, leveraging data such ultimate loss ratio, frequency and severity loss trends, sold to manual ratio and other key performance metrics to optimize profitability outcomes.
- Partner with underwriting and product development to analyze and enhance risk selection criteria, policy terms, and rating variables.
- Automate ratemaking process and actuarial reporting for operational efficiency
- Communicate complex actuarial concepts and findings to non-technical stakeholders, including senior leadership.
- Lead special projects and perform additional duties as requested.
Education and Experience:
- Bachelor's degree from an accredited institution in Actuarial Science, Mathematics, Statistics or a related field required.
- Minimum 10 years of professional experience specialized in the actuarial field required.
- ACAS designation required, FCAS designation preferred.
Skills:
- Proficient in Excel (VBA), PowerPoint, Word, and SQL or other programming languages (e.g. R and Python) required
- Working knowledge of PowerBI or Tableau preferred.
- Strong ability to quickly learn new programming languages or software.
- Strong ability to resolve problems and develop action plans.
The salary range for this role is $122,300 - $235,500. The listed annual salary range posted for this position is subject to change and may vary depending on performance, education, experience, skills, geographic location, travel requirements, demonstrated proficiency in the competencies required for the role and business needs. Base pay is just one component of GNY’s total compensation package for employees. Other rewards include eligibility for an annual discretionary bonus based on performance.
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, Statistics or related field
- Minimum 10 years of professional actuarial experience
- ACAS designation
- FCAS designation
- Proficient in Excel (VBA)
- Proficient in PowerPoint and Word
- Proficient in SQL
- Experience with R or Python
- Working knowledge of PowerBI or Tableau
- Ability to quickly learn new programming languages or software
- Strong problem-solving skills and ability to develop action plans
- Ability to be in the NYC office every Wednesday
What We Do
Greater New York Insurance Companies are leading providers of middle market property and casualty insurance focusing on commercial real estate, including condominiums, co-op apartment buildings, office buildings, restaurants, light manufacturing, and other small to mid-size commercial establishments. The lead company was formed as a mutual insurance company in 1914 as an outgrowth of a real estate trade association servicing New York City property owners. Now, over 100 years after its founding, GNY writes business in 15 states primarily in the Northeast, Mid-Atlantic and Midwest regions of the United States.
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