Actuary

2 weeks ago


Chicago, Illinois, United States Ryan Specialty Full time
Ryan Specialty is looking for a Pricing Actuary to join our Chicago, IL team. This role will provide actuarial pricing support for the Ryan Alternative Risk. This position is part of a team in an area of strategic importance within Ryan Alternative Risk and Ryan Specialty. This role will collaborate with actuaries, underwriters, and brokers across the organization. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. Ryan Specialty has been named one of America's Most Loved Workplaces by Newsweek, and has been named 2023 Top Insurance Employer by Insurance Business America.

Position Summary:

This role will be involved in a multitude of actuarial support for Ryan Specialty business units, central functions, and/or external partners; work may relate to pricing, underwriting support, loss projection, and/or risk analysis.

Essential Functions:
  • Pricing alternative risk transfer transactions, including structured and fronting solutions.
  • Ad hoc actuarial analyses of industry data to develop Benchmarks to supplement account level pricing data.
  • Provide actuarial support for product and tool development in support of new and existing initiatives.
  • Support portfolio management for Ryan Alternative Risk.
  • Collaboration with other actuaries and groups within Ryan Specialty.
  • Consistent and efficient communication with key stakeholders throughout Ryan Alternative Risk,
  • Consistent and efficient communication with insurance partners and external actuarial teams
  • Other relevant duties as assigned.
Education/Experience/Skills:
  • Bachelor's degree in numerical or related field, including, but limited to, actuarial, mathematics, or finance
  • 5+ years of industry experience
  • Actuarial designation
  • Strong technical aptitude and attention to detail including:
    • Actuarial Skills - Large account pricing, portfolio pricing, proficiency in all other aspects of pricing functions and experience with catastrophe modeling.
    • Technology skills - Microsoft Office (excel, word, PowerPoint), programming/data manipulation (SQL, Python/R), presentation tools (Tableau/PowerBI, etc), preferably experience with simulation tools (@Risk, MetaRisk, etc.).
  • Demonstrate strong understanding of insurance business.
  • Solid interpersonal, presentation, and communication skills
  • Proven experience working with Excel, relational database tools, and visualization tools
  • Demonstrated strong understanding of insurance business
  • Ability to ask questions, manage upward, and get involved at all levels of process, as necessary
  • Experience working with large data sets and instances of incomplete/inconsistent data
  • Ability to think flexibly and react nimbly during critical moments
Disclaimer

Ryan Specialty is an Equal Opportunity Employer.
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