Job Description

We are seeking an experienced Sr. Actuarial Analyst to join our team, focusing on risk monitoring, profitability analysis, and other key actuarial functions. This role involves conducting in-depth reviews of insurance product profitability, assessing portfolio risk, and working closely with various teams to support sound underwriting and pricing decisions. The ideal candidate will bring a blend of technical actuarial skills, analytical expertise, and experience within the general insurance industry, particularly in Property & Casualty (P&C).

Key Responsibilities

Risk Monitoring & Assessment:

• Analyze insurance portfolio risk exposures, ensuring they align with the company's risk tolerance and regulatory requirements.
• Develop risk monitoring tools and dashboards to track key metrics, trends, and emerging risks within the insurance portfolio.
• Support rate monitoring activities to ensure correct implementation of rate change, impact analysis, identify any deviations.
• Support risk management and mitigation strategies by providing insights and recommendations based on data analysis.

Profitability Analysis:

• Conduct profitability reviews on various insurance products, lines of business, and portfolios, identifying opportunities for improvements.
• Evaluate and analyze the performance of different risk segments, ensuring adequate pricing and optimal product profitability.
• Conduct trend analysis leveraging external reports, competitor analysis, product experience.
• Work with underwriting and pricing teams to adjust models and assumptions based on historical performance and market trends.

Actuarial Modeling & Pricing Support:

• Build and enhance actuarial models to forecast risk, calculate reserves, and assess overall profitability.
• Collaborate with pricing actuaries and product managers to implement rate changes and pricing strategies that balance competitiveness with profitability.
• Use predictive modeling techniques to assist in pricing decisions and support underwriting guidelines.

Regulatory Compliance & Reporting:

• Support regulatory reporting and ensure compliance with state and federal guidelines, including actuarial standards of practice.
• Contribute to rate filings and other actuarial documentation required by state insurance departments.

Cross-Functional Collaboration:

• Partner with underwriting, finance, and data analytics teams to align on product goals and refine risk management strategies.
• Present findings to senior leadership, translating complex actuarial concepts into actionable insights.

Qualifications

• Bachelors degree in actuarial science, Mathematics, Statistics, or a related field; completion of actuarial exams with ASA or FSA designation preferred.
• 5+ years of actuarial experience in the insurance industry, ideally within P&C.
• Proven expertise in risk assessment, monitoring, and profitability review.
• Strong analytical and quantitative skills, with proficiency in actuarial modeling software (e.g., R, SAS, Python) and Excel.
• Familiarity with insurance regulations, rate filings, and compliance requirements.
• Excellent communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.

This is a Hybrid role in NY/NJ