Actuarial Analyst

Location

Portland, ME | United States

Job description

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you're close but not an exact match, we encourage you to apply.

Please note: The position start date is July 2024. Early starts may occur based on business needs.

Are you ready to kick-start your career or transition into a stable industry that is committed to your professional growth? Look no further! Join us at Gallagher Re and fast-track your career as an Actuarial Analyst.

You will participate in a 24-month structured learning and development program that will equip upcoming and recent college graduates, as well as career changers, with the skills and knowledge needed to excel in the world of reinsurance broking and risk management. Through this opportunity, you will gain direct access to our esteemed Executive Team and an extensive network of supportive mentors, inspiring trainers, and talented colleagues. Get ready for an experience where guidance and collaboration pave the way to success. All hours spent in training are hours worked and are paid competitively. This is a full-time role with a hybrid work schedule. You will have in-office days and remote days determined by the location.

As an Actuarial Analyst in the health reinsurance field, you will provide invaluable insights, innovative risk transfer strategies, and operational expertise, enabling our clients to maintain strong financial positions to cover claims for their policyholders when unanticipated events strike. As a member of our small experienced team, you will play a pivotal role in protecting our clients' assets and helping them navigate complex risks with confidence.

Every day presents new challenges, ensuring your work remains dynamic and engaging. As a program participant, you will:

• Lead data collection and manipulation, mastering the art of working with large data sets within databases, Excel, and other tools
• Conduct and deliver compelling analyses for new business proposals and existing client meetings, showcasing your expertise and influencing critical decisions
• Contribute to proofs of concept and the development of pricing models and actuarial benchmark pricing, making a tangible impact on our business operations
• Learn and master our proprietary financial modeling and reinsurance optimization data delivery methods, unlocking the power of advanced technology in risk management

Throughout your journey, you will receive comprehensive exam support as you progress towards your ASA/FSA credentials. Our exam program includes paid time off to study and full expense coverage for study materials and exam fees.

As your experience and expertise grow, you will play a meaningful role in helping clients navigate challenges and find coverage solutions that align with their budgets. Your expertise will be instrumental in supporting clients during unexpected losses, ensuring their businesses continue to thrive.

Minimum Requirements:

• Bachelor's degree in a related field, i.e. Actuarial Science, Mathematics, Economics, Finance, etc.
• Passed a minimum of one actuarial exam
• Intent to pursue an actuarial designation, ASA/FSA, from the Society of Actuaries
• Advanced Excel skills, i.e. creating formulas, pivot tables, macros, conditional formatting, and statistical modeling
• Strong technological proficiency enabling you to use various software for efficient task completion
• Exceptional written and verbal communication skills to effectively engage with clients and colleagues
• Flexibility to travel to our home office in Rolling Meadows, IL, five (5) different times for training. Rest assured, all travel expenses will be covered by Gallagher Re

Nice-to-Haves:

• Graduating shortly or graduated recently with 1 – 2 years of professional experience
• Previous internship or work experience in a related field
• Knowledge of or curiosity about the reinsurance broking and risk management industry

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We offer competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function), training programs, matching gift program, and more.

About Arthur J. Gallagher & Co.

At Arthur J. Gallagher, we fiercely protect our culture. Without it, we are just another company. Every day we live by, "The Gallagher Way", 25 business tenets from which we draw our strength. A multi-national, multi-billion dollar insurance brokerage and risk management services firm, our employees are fueled by teamwork, creativity, responsiveness and doing the right thing simply because it's the right thing.

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