Lamwork
Published: Nov 13, 2024 – The Actuary analyzes the impact of data changes and collaborates with clients to adjust premiums and financial settlements effectively. This role conducts experience analyses and proposes adjustments to best estimate assumptions while maintaining and developing models to meet collateral requirements. The actuary also manages retrocession arrangements, ensures compliance with treaty terms, and evaluates risks for new transactions to safeguard financial outcomes.
1. Actuary, Apex Insurance Solutions, Dallas, TX
Job Summary: Maintain and enhance enforce guidelines outlining acceptable terms, negotiation options, and escalation points for new longevity transactions. Enhance framework for monitoring risk metrics concerning key risk (longevity, deferred lives, collateral, liquidity). Ensure effective monitoring of risk limits and KRIs, escalating issues with actionable recommendations. Support Data Lag Initiative and administration system transition from JLT to TAI. Using in-depth knowledge of applicable capital regimes, support initiatives to manage longevity capital requirements and risk limits. Actively participate in cross-functional collateral optimization and system initiatives. Drive innovation in longevity/collateral processes to achieve scalability and improve controls. Support the development of junior staff and help drive team engagement. Support the Longevity team in the hiring process for co-op students. Provide feedback/recommendations to support deal teams in the treaty negotiations and to mitigate risk, escalating when necessary. Skills on Resume: Negotiation (Soft Skills) Data Analysis (Hard Skills) Knowledge of Capital Regimes (Hard Skills) Cross-Functional Collaboration (Soft Skills) Process Improvement (Hard Skills) Training and Development (Soft Skills) 5. Actuary, Summit Risk Group, Tampa, FL
Job Summary: Build, maintain, and iterate statistical models to inform pricing strategy for the company’s products. Leverage existing and new data sources to identify data features to improve risk model and underwriting guidelines. Develop underwriting criteria recommendations supported by data. Partner with product managers and engineers to implement pricing adjustments and improve the capture of underwriting and claims data. Support the development of new insurance products through analytics in product design, portfolio management techniques, and rate filings. Synthesize work to effectively communicate the core takeaways and recommendations for the executive team and external insurance partners. Adapt traditional actuarial methods to unique insurance models to analyze portfolio performance, model ultimate loss estimates, and drive loss mitigation strategies. Lead monthly reporting of claims and underwriting profitability performance. Support the Insurance and Compliance team on regulatory filings and requests. Provide specialist technical advice and guidance on the application of actuarial principles and tools to support business objectives, coaching and guiding less experienced members of the team. Skills on Resume: Statistical Modeling (Hard Skills) Data Analysis (Hard Skills) Cross-Functional Collaboration (Soft Skills) Product Development Analytics (Hard Skills) Communication Skills (Soft Skills) Actuarial Methods Adaptation (Hard Skills) Regulatory Compliance Support (Hard Skills) 8. Actuary, Silverstone Insurance Services, Salt Lake City, UT
Job Summary: Provide expert analysis and interpretation of complex operational data that influences operating results. Lead projects that keep the product line positioned for financial stability and profitable growth. Defining, facilitating, analyzing, recommending, and coordinating the implementation of systems, processes, or procedures, and appropriate use of actuarial data. Collaborate with product line teams to develop product and service enhancements and management information reports. Supervise the preparation of exhibits, forms, and other media to fulfill statutory and reporting requirements of state insurance departments and other outside agencies. Design and direct the effective use of data projection techniques for actuarial analyses. Create and implement data quality assurance programs to ensure the integrity and quality of data. Resolve data quality issues. Skills on Resume: Data Analysis (Hard Skills) Actuarial Data Interpretation (Hard Skills) Regulatory Compliance (Hard Skills) Reporting Procedures Design (Hard Skills) Data Quality Assurance (Hard Skills) 11. Actuary, Blue Ridge Actuarial Solutions, Richmond, VA
Job Summary: Identify and analyze the impact of data changes in the enforce file, and work with clients to establish revised premium and financial settlement. Conduct experience analysis and leverage insights to propose appropriate changes to best estimate assumptions, and comment on income expectations. Identify and analyze root causes of deviations from plan and/or original pricing to support communication to executives and senior management groups. Maintain, enhance, and develop collateral models to estimate current and ongoing collateral needs. Gain in-depth knowledge of the collateral provisions to ensure compliance with the treaty requirements and oversee cures. Analyze sensitivity runs concerning the potential variability of GFS collateral needs, including detailed explanations of any period-over-period changes. Manage external retrocession arrangements, providing required reporting to retro partners, ensuring compliance with treaty terms. Support implementation of new retrocession agreements. Using an in-depth knowledge of the key longevity risks (longevity, collateral, deferred lives) and processes, conduct a comprehensive assessment of risk characteristics for proposed new transactions. Review the risk analysis and treaty documents for new or amended transactions, highlighting any potential areas of heightened risk.
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Job Summary: Maintain and enhance enforce guidelines outlining acceptable terms, negotiation options, and escalation points for new longevity transactions. Enhance framework for monitoring risk metrics concerning key risk (longevity, deferred lives, collateral, liquidity). Ensure effective monitoring of risk limits and KRIs, escalating issues with actionable recommendations. Support Data Lag Initiative and administration system transition from JLT to TAI. Using in-depth knowledge of applicable capital regimes, support initiatives to manage longevity capital requirements and risk limits. Actively participate in cross-functional collateral optimization and system initiatives. Drive innovation in longevity/collateral processes to achieve scalability and improve controls. Support the development of junior staff and help drive team engagement. Support the Longevity team in the hiring process for co-op students. Provide feedback/recommendations to support deal teams in the treaty negotiations and to mitigate risk, escalating when necessary. Skills on Resume: Negotiation (Soft Skills) Data Analysis (Hard Skills) Knowledge of Capital Regimes (Hard Skills) Cross-Functional Collaboration (Soft Skills) Process Improvement (Hard Skills) Training and Development (Soft Skills) 5. Actuary, Summit Risk Group, Tampa, FL
Job Summary: Build, maintain, and iterate statistical models to inform pricing strategy for the company’s products. Leverage existing and new data sources to identify data features to improve risk model and underwriting guidelines. Develop underwriting criteria recommendations supported by data. Partner with product managers and engineers to implement pricing adjustments and improve the capture of underwriting and claims data. Support the development of new insurance products through analytics in product design, portfolio management techniques, and rate filings. Synthesize work to effectively communicate the core takeaways and recommendations for the executive team and external insurance partners. Adapt traditional actuarial methods to unique insurance models to analyze portfolio performance, model ultimate loss estimates, and drive loss mitigation strategies. Lead monthly reporting of claims and underwriting profitability performance. Support the Insurance and Compliance team on regulatory filings and requests. Provide specialist technical advice and guidance on the application of actuarial principles and tools to support business objectives, coaching and guiding less experienced members of the team. Skills on Resume: Statistical Modeling (Hard Skills) Data Analysis (Hard Skills) Cross-Functional Collaboration (Soft Skills) Product Development Analytics (Hard Skills) Communication Skills (Soft Skills) Actuarial Methods Adaptation (Hard Skills) Regulatory Compliance Support (Hard Skills) 8. Actuary, Silverstone Insurance Services, Salt Lake City, UT
Job Summary: Provide expert analysis and interpretation of complex operational data that influences operating results. Lead projects that keep the product line positioned for financial stability and profitable growth. Defining, facilitating, analyzing, recommending, and coordinating the implementation of systems, processes, or procedures, and appropriate use of actuarial data. Collaborate with product line teams to develop product and service enhancements and management information reports. Supervise the preparation of exhibits, forms, and other media to fulfill statutory and reporting requirements of state insurance departments and other outside agencies. Design and direct the effective use of data projection techniques for actuarial analyses. Create and implement data quality assurance programs to ensure the integrity and quality of data. Resolve data quality issues. Skills on Resume: Data Analysis (Hard Skills) Actuarial Data Interpretation (Hard Skills) Regulatory Compliance (Hard Skills) Reporting Procedures Design (Hard Skills) Data Quality Assurance (Hard Skills) 11. Actuary, Blue Ridge Actuarial Solutions, Richmond, VA
Job Summary: Identify and analyze the impact of data changes in the enforce file, and work with clients to establish revised premium and financial settlement. Conduct experience analysis and leverage insights to propose appropriate changes to best estimate assumptions, and comment on income expectations. Identify and analyze root causes of deviations from plan and/or original pricing to support communication to executives and senior management groups. Maintain, enhance, and develop collateral models to estimate current and ongoing collateral needs. Gain in-depth knowledge of the collateral provisions to ensure compliance with the treaty requirements and oversee cures. Analyze sensitivity runs concerning the potential variability of GFS collateral needs, including detailed explanations of any period-over-period changes. Manage external retrocession arrangements, providing required reporting to retro partners, ensuring compliance with treaty terms. Support implementation of new retrocession agreements. Using an in-depth knowledge of the key longevity risks (longevity, collateral, deferred lives) and processes, conduct a comprehensive assessment of risk characteristics for proposed new transactions. Review the risk analysis and treaty documents for new or amended transactions, highlighting any potential areas of heightened risk.
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