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This opportunity is in the Actuarial Services Department.

Our Actuarial department is a dynamic group of professionals focusing on pricing, reserving, and data analysis for all written lines of business. The actuarial team creates, maintains and updates pricing models for underwriters to utilize; creates reserving estimates for all lines of business and assists with financial- and claims-related items, helping the organization to succeed using our insurance expertise. We aim to improve practices and efficiency across the organization, while using data to the fullest potential to gain insights that help our underwriting and management teams meet our goals. 

Role Description:

In the role of Senior Pricing Actuary (internally known as, AVP & Pricing Actuary-Treaty Reinsurance), you will be responsible for providing Pricing Analyses and Technical Support for Treaty Reinsurance with a focus on casualty lines including Workers’ Compensation, Commercial Umbrella, and Professional Liability.

Your day-to-day responsibilities as a Senior Pricing Actuary will include:

• Analyze reinsurance submissions, calculate the indicated experience and exposure rates for new and renewal risks under various coverage options, calculate expected loss ratios, develop rate and structure recommendations, and communicate and document analyses with the Treaty Underwriters.
• Participate in the Treaty Reinsurance Pricing Committee, as requested.
• Participate in Treaty Reinsurance contract language reviews.
• Analyze underwriting results, identify profitability problems, and make recommendations to Company Management.
• Lead the construction and maintenance of the Treaty Reinsurance pricing data warehouse to enhance and expedite parameter updates, develop market intelligence reports, and assist with management information reports.
• Maintain and enhance the Treaty Reinsurance portfolio exposure accumulation database.

The ideal candidate is someone who:

• Assist with development and maintenance of pricing parameters for various lines of business.
• Assist in designing and testing models for various Treaty Reinsurance Products.
• Conduct special profitability studies for niche markets as warranted.
• Assist with regulatory compliance as necessary including risk transfer analyses.
• Assist with underwriting and claim audits of client insurers, as requested.

If this role describes you, don’t delay. Apply today!

 Qualifications:

Education:

College graduate is required.

Required Qualifications:

• 5+ years of experience in Treaty Reinsurance pricing preferably analyzing workers compensation, professional liability, and other long tail casualty lines.
• Understanding of generally accepted actuarial pricing procedures for primary and reinsurance business

Preferred Qualifications:

• Minimum completion of 5 actuarial exams.
• Proficiency in excel and Microsoft Office software including exposure to Power BI.
• Background in using python, vba, and/or other programming languages is preferred.
• Strong oral and written communication skills.
• Ability to prioritize tasks, stay organized, and work independently as well as working in team environments.

Safety National is a leading specialty insurance and reinsurance provider. Our culture is built upon relationships, which allow us to demonstrate our expertise gained through our rich 80-year history. As a wholly-owned subsidiary of Tokio Marine, Inc., we appreciate the benefits and support provided by our affiliation with one of the top 10 insurance companies in the world.

A Benefits Structure That Puts Employees First

Safety National’s approach to benefits reaches far beyond competitive fixed compensation. Instead, we construct a total rewards benefits package for each valued member of our team. Highlights include incentive award bonuses, an annual holiday bonus, and profit-sharing contributions. Other exceptional benefits include generous healthcare coverage, a 401(k) match, enhanced paid caregiver leave, and family-forming benefits for adoption, surrogacy, and fertility. We also promote balance by offering a hybrid working environment and several employee appreciation events throughout the year. Apply today to learn more about our total rewards approach.