Actuary

Posted: Monday, September 11, 2017
Location: New York

Department: Accounting
Reports to: Director, Valuation & Loss Analytics
Direct report(s): No

General purpose of position

Assist the accounting/finance department to prepare and support its quantitative work including: loss reserves, fair value, and other quantitative analyses.

Primary duties/responsibilities

• Assist in the reserving process through:
• Audit models prepared by surveillance
• Work with surveillance and accounting to ensure the successful completion of the quarterly reserve process
• Help draft and review the Company’s reserve disclosures
• Assist in the creation and review of the Company’s annual U.S. statutory filings
• Assist with the preparation and drafting of the actuarial opinions and supporting actuarial reports for the Company’s statutory entities
• Assist with the calculation of the technical provisions for the Company’s European and Bermudian subsidiaries.
• Perform market research to independently verify assumptions used in reserving
• Where appropriate apply actuarial techniques to review loss reserves
• Facilitate the calculation of the company’s mark by:
• Updating the mark to market model
• Compare the results of the mark to market model with other available indices
• Ensure consistency between the Company’s mark calculation and its reserve assumptions

Specific skills, competencies, resources and/or software/technology used on the job

• Achieved actuarial designation (Associate of Fellow preferably in the CAS)
• Strong knowledge of statistics and financial engineering

Education, certifications and/or experience requirements

• 6-10  years of experience with quantitative modeling
• Familiarity with excel
• Four year college degree
 

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