Job Description
About the Company
Vantage Group Holdings Ltd. (Vantage) was established in late 2020 as a re/insurance partner designed for the future. Driven by relentless curiosity, our team of trusted experts provides a fresh perspective on our clients’ risks. We add creativity to tech-enabled efficiency and robust analytics to address risks others avoid. Vantage provides specialty re/insurance through its operating subsidiaries in Bermuda and the U.S.
Vantage has approximately 365 colleagues in both the United States and Bermuda. We have offices in Chicago, IL, Norwalk, CT, Arlington, VA, Boston, MA, New York, NY, Atlanta, GA and Hamilton, Bermuda. Additionally, we are a highly geographically diverse workforce with colleagues based in 35 states and counting. We fully support work flexibility including remote and hybrid work arrangements.
About the role:
The Actuarial Analyst – Financial & Professional Lines will play an important role in Vantage’s Insurance business by supporting a variety of lines across the team. The lines of business supported include, but are not limited to: Cyber, Directors & Officers Liability, Errors & Omissions Liability, and Employment Practices Liability. In addition to those direct lines, there will also be opportunity to support delegated authority oversight for similar lines of business. This position will be part of the Insurance Pricing Team and will report to the Senior Pricing Actuary of Financial & Professional lines. We are flexible in terms of location, with both remote and in-office options available.
This position will allow the analyst to develop advanced statistical knowledge and business acumen. They will work closely with the experienced actuaries on the team and will also have the opportunity to work with the underwriting leadership of the teams they help support. This person should have a keen attention to detail, enjoy solving problems, and proactively contribute to improving pricing operations relating to this portfolio.
The base salary expectation for this role is between $80,000 and $110,000. Actual base salary for the selected candidate may be higher commensurate with candidate experience and expectations. Additionally, Vantage offers its colleagues performance-based bonus potential, strong health & welfare benefits, retirement plans with company match, competitive time off plans, a highly flexible work environment, and much more.
Responsibilities & Accountabilities:
• Assist with building and maintaining pricing models to support the Cyber, Professions and Financial Lines business units.
• Perform other actuarial duties including, but not limited to, performing profitability and rate adequacy studies, competitor research, running internal and external models, and reinsurance support.
• Engage with the underwriting teams.
• Find innovative and creative ways to leverage data and analytics to support the pricing and underwriting functions.
• Take on other ad hoc work and projects as time permits and under the direction of other members of the Insurance Pricing team.
• Remain current on industry trends, tools, and actuarial techniques.
Ideal Candidate Profile:
• Bachelor’s degree in actuarial science, computer science, mathematics, statistics, or a related field; or the equivalent in related work experience.
• 0-3 years of actuarial experience. New university graduates with the appropriate technical skills are encouraged to apply. Candidates with more than 3 years of experience may be considered on a case-by-case basis.
• Two or more exams passed preferred; desire to pursue actuarial credential encouraged (which would be supported by Vantage).
• Proven track record of creative problem solving and attention to detail.
• Project work requiring scripting and programming languages is strongly preferred: R and SQL as examples.
• Excel VBA experience is a plus.
• Ability to process and adapt to change in a rapid growth new-company environment. Vantage associates are expected to be curious, thrifty, and resourceful to manage through the unknowns of growing a specialty (re)insurance business from the ground up.
Our Vantage Values
Do What’s Right – be a force for good, for our customers, shareholders, colleagues, industry and communities.
Be Relentlessly Curious – ask questions, listen to understand, challenge the status quo, look for ways to say YES, drive innovation, be opportunistic and disciplined.
We’re Better Together – collaborate, be inclusive, supportive, respectful and humble, be a trusted partner internally and externally.
Be Transparent – in who you are, what you think, and how you work, seek and provide alternative points of view, be true to yourself.
Make A Difference – focus on impact, embrace technology, leverage data and analytics as critical assets, act intentionally to deliver on our mission.
We value diversity and are committed to creating an inclusive environment for all employees. At Vantage, we strive to build and foster a culture where inclusiveness is ingrained, not just an initiative. All colleagues support building an inclusive environment where employees feel empowered to share their experiences and ideas to foster an environment which encourages you to "Be You!" We are proud to be an equal opportunity employer.
In connection with our business, Vantage may collect and process your personal data. For further information regarding how we use this data, please see our online privacy notice at Vantage Recruiting Privacy Notice.
ADA Notice: All applications shall be submitted online through our applicant tracking system. Candidates needing reasonable disability accommodation to enable them to apply and/or fully participate in the selection process are encouraged to email recruiting@vantagerisk.com with the subject Candidate ADA Request detailing their needs. Please note the above email box is for candidates needing reasonable disability accommodation only, emails submitting resumes will not be considered and those seeking application status updates will go unanswered.
