Senior Actuarial Consultant

Senior Actuarial Consultant - Insurance - IAI - IFOA - CAS - P&C InsuranceSummary of the role:

Seeking a qualified / near qualified Actuary from IAI, IFOA, or CAS, boasting a minimum of 5 years of experience.
Responsible for overseeing and directing the P&C actuarial team.
Expected to collaborate closely with both the team and clients on P&C insurance actuarial projects specifically targeting the US markets.
Perform complex Actuarial analysis, identify key drivers of results & develop actionable insights in determining pricing/ reserving strategy for cyber insurance.
Lead the team in performing tasks such as rate review, rate filing, pricing models, reserve estimation, valuation reports, and presentation preparations.
Collaborate with IT to implement raters and technical models into client specific policy admin system, Guidewire.
Aid in the onboarding and skill development of new team members
Identify and actively engage in continuous improvement endeavours.
Ensure adherence to Data Privacy and Protection Guidelines

As part of your duties, you will be responsible for:

Lead and oversee the Pricing, Modelling, and Reserving functions within the Property and Casualty division
Provide analysis and insights to assist in determining pricing strategy
Monitor profitability, reserves and claim trends and share results with recommendations to underwriting & pricing business partners
Utilize advanced actuarial methods to develop and maintain pricing models, ensuring accuracy and relevance for the organizations objectives.
Collaborate with cross-functional teams to transform analytical findings into actionable insights, aiding decision-making processes.
Collaborate with IT to implement raters and technical models into client specific policy admin system
Manage a team of actuaries, providing guidance, mentorship, and support in their professional development.
Stay updated with industry trends, regulatory changes, and emerging actuarial methodologies, incorporating them into the organizations strategies.
Foster a culture of innovation and continuous improvement within the actuarial team.

Qualifications and experience we consider to be essential for the role:

Qualified/ near qualified Actuary from IAI, IFOA, or CAS with a minimum of 5 years of experience in the Property and Casualty insurance sector
Experience in end to end reserve / profitability reviews preferably in Cyber LOB
Working knowledge around policy admin system preferably Guidewire to be an advantage
Must have experience in leading actuarial team
Strong leadership skills with the ability to manage and lead a team effectively.
Proven experience in collaborating with cross-functional teams and clients, particularly in the US insurance markets.
Expertise in critically examining and analyzing models, demonstrating a keen eye for detail.
Proficiency in preparing detailed documentation for various actuarial processes and presentations.
Commitment to learning and development, assisting in the growth of team members.
Proactive in identifying and participating in continuous improvement initiatives.
Thorough understanding and adherence to Data Privacy and Protection Guidelines

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