What is the probability of a sports fan picking a perfect March Madness bracket? If this kind of analysis peaks your interest, this could be the job for you.
If you are currently working in the actuarial field in the insurance industry and looking to work closely with underwriters and management to analyze a diverse set of risks, from IBNR reserves to specialty lines pricing, we have an exciting opportunity for an Actuarial Analyst in the Wakefield, MA office.
Tokio Marine HCC - Specialty Group, a member of the Tokio Marine group of companies, is a market leader in providing specialized insurance products for the sports, entertainment and promotional industries. We provide an unmatched portfolio of products including event cancellation, high limit disability, kidnap and ransom, weather, travel, event liability and much more. We cover major sports and entertainment events, professional athletes and entertainers and other unique assets.
The ideal candidate will be someone studying towards actuarial exams with 1-3 years of related actuarial experience. The goal of this role is to analyze Specialty Group’s lines of business and provide key data insights and actuarial analyses to underwriters and management. This position will work closely with the Corporate Actuarial department.
Analyze quarterly IBNR reserves in accordance with company actuarial department procedures: Within the first 90 days, provide first IBNR reserve analysis.
Complete quarterly rate monitoring analyses: Within the first 90 days, provide first rate monitoring analysis.Analyze Prize Indemnity risks independently and provide analysis to underwriters: Within the first 90 days analyze probability and loss cost calculations. By the end of one year, analyze basic simulations, deductibles and layers.
Pass actuarial exams per student program: The goal is to study for and pass two actuarial exams per year.
Provide analysis and data recommendations: Provide analysis and data recommendations for predictive and catastrophe models working closely with underwriters and risk modelers, as needed.
Provide support and analysis: Provide support and analysis to corporate actuarial department and Specialty Group underwriters and management including audit documentation and data reconciliations, as needed.
Experience & Education
Bachelor’s degree in Actuarial Science, Mathematics and Statistics or a related field or the equivalent education and/or experience required
1-3 years of relevant and progressive Actuarial professional experience required
Experience in the insurance industry required
Completion of one actuarial exam required [Probability Exam 1/P strongly preferred]
Knowledge of SQL and VBA programming languages is a plus
Year 1: To Houston home office and corporate actuarial department for training. (15%)
Year 2+: Houston and other offices as needed to conduct analyses. (5-to-10%)
May require a valid passport
If your experience matches these requirements, please apply WITH A COVER LETTER INCLUDING SALARY RANGE REQUIREMENTS.
The Tokio Marine HCC Group of Companies offer a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking an energetic and confident individual to join our team of professionals. The Tokio Marine HCC Group of Companies are equal-opportunity employers. Please visit www.tokiomarinehcc.com for more information about our companies.
About Tokio Marine HCC - Specialty Group
The Specialty Group, a member of Tokio Marine HCC, is the leading provider of specialized insurance products for the sports and entertainment industries. We provide an unmatched portfolio of products including, but not limited to, event cancellation, high limit disability, kidnap and ransom, weather, travel and event liability. We cover major sports and entertainment events, professional athletes and entertainers and other unique assets.