We are currently seeking a bright and talented Actuarial Associate to join our Corporate Actuarial team located in Plymouth, MN. The Property Actuarial Associate - CAT Risk is responsible for developing information based on actuarial and financial analyses. The position collects, prepares, and analyzes data for use in catastrophe exposure pricing, financial planning, and reinsurance placement needs. The Property Actuarial Associate - CAT Risk uses catastrophe modeling software and mapping tools to assist in analyzing risk levels for the business unit(s).
Runs technical software programs that simulate catastrophic events. Maintains accurate data input for catastrophe exposure monitors and models. Analyzes available data to determine relationships, trends, and issues for business(s).
Collects data from various corporate information systems, scrubs and prepares for analysis.
Participates in the development of business recommendations such as appropriate account pricing of catastrophic exposure or proper catastrophe loads in business financial plans.
Serves as property line of business actuarial resource across business units. Develops rate indications. Provides state rate filing support.
Evaluates risk exposure profiles Assists in updating and analyzing reinsurer and broker financial results.
Provides catastrophe exposure related guidance and reporting to the business unit(s).
May support corporate catastrophe modeling function in periods of peak demand.
Must be proficient with Microsoft Office Suite.
Prefer experience or exposure to catastrophe models, especially AIR
Some prior insurance coverage knowledge.
Strong analytical background is essential.
Requires an increasing amount of high-level exposure. This entails communication of results and recommendations to the business unit(s) as well as senior management.
Strong written and oral communication skills are essential.
Education and Experience:
Bachelor’s degree required, preferably with emphasis in mathematics and statistics or similar background requiring modeling, programming, or quantitative analysis.
1-3 years of experience and 2-3 actuarial exams.
Prior insurance experience preferable including work in areas such as actuarial, finance, underwriting, or reinsurance including basic insurance coverage knowledge.
Internal Number: 910BR
About OneBeacon Insurance Group
OneBeacon Insurance Group focuses on the unique risks faced by certain industry groups that we believe would benefit from specialized expertise, tailored products and an intense commitment to service. At OneBeacon, we believe that specialized expertise matters. Through our underwriting companies, we offer a broad range of specialty insurance products and services sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each OneBeacon business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment they know well.