Sr. Actuarial Analyst II @ Dearborn, MI - CEDENT
Dearborn, MI
About the Job
Title: Sr. Actuarial Analyst II @ Dearborn, MI
Terms of Hire: Full Time.
Job description
Primary Duties and Responsibilities:
Develops and uses analytic models and assessments to develop comprehensive risk appetite and tolerances throughout the organization. Applies diverse risk analysis methodologies across a variety of businesses, products and companies to solve complex and/or undefined risk and return requirements.
Duties Include:
Preferred Qualifications:
Master Degree in Mathematics, Actuarial Science, Statistics or related field.
Enterprise Risk Management:
Qualifications:
Required Qualifications:
Education:
Knowledge and Skills/Ability to:
Experience in four or more of the following (required experience may vary by team)
Terms of Hire: Full Time.
Job description
Primary Duties and Responsibilities:
Develops and uses analytic models and assessments to develop comprehensive risk appetite and tolerances throughout the organization. Applies diverse risk analysis methodologies across a variety of businesses, products and companies to solve complex and/or undefined risk and return requirements.
Duties Include:
- Analyzing the future risks and opportunities of various products/business lines, translating results into risk and return requirements
- Quantifying risk across products, business units and companies using strong business risk analysis skills and understanding, and industry best practices
- Educating business leaders and risk area owners on risk adjusted return and risk adjusted capital analyses
- Applying innovative and analytical approaches to draw conclusions and make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital
- Translating recommendations into communication materials to effectively present to colleagues for peer review and management
- Producing advanced analytical material for discussions with representatives from various business units/product owners to understand business objectives and influence strategies
- Assisting in model risk management activities.
Preferred Qualifications:
Master Degree in Mathematics, Actuarial Science, Statistics or related field.
Enterprise Risk Management:
- Experience within the Enterprise Risk Management function in the financial services industry
- Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.
- Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment
- Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.
- Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment
Qualifications:
Required Qualifications:
Education:
- Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
- Successful completion of five or more actuarial examinations and a minimum of four or more years of experience in an actuarial environment.
- Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
- Extensive experience in/with:
- Coordination and execution of projects
- Use of statistical tools and software applications to complete assignments
- Preparing reports and exhibits for senior management review
- Analysis of technical studies and data and draw sound conclusions
- Modeling and complex quantitative analysis resulting in sound recommendations
Knowledge and Skills/Ability to:
- Make oral presentations to business units and management
- Represent the department on inter-department teams
Experience in four or more of the following (required experience may vary by team)
- Preparing quarterly rate indications
- Formulating and interpreting mathematical rate making models
- Preparing property and casualty rate filings
- Preparing competitive product and rate comparison analysis reports
- Calculating reserves
- Pricing property and casualty insurance products
- completing actuarial research relating to insurance operations
- developing, improving and maintaining economic capital models
- completing actuarial research related to insurance operations
- incorporating economic scenario generators into asset modeling
- analyzing and interpreting catastrophe model output
- modeling of financial risks, including credit, market, liquidity, and operational risks
- developing, obtaining buy in for, and monitoring risk appetite and tolerances for business units, products and/or risk areas
- An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
- Apply today to learn more and be part of our Growth story.
Source : CEDENT
