Sr. Actuarial Analyst II @ Dearborn, MI
Location
Dearborn, MI | United States
Job description
Title: Sr. Actuarial Analyst II @ Dearborn, MI
Terms of Hire: Full Time.
Job description
Primary Duties and Responsibilities:
Develops and uses analytic models and assessments to develop comprehensive risk appetite and tolerances throughout the organization. Applies diverse risk analysis methodologies across a variety of businesses, products and companies to solve complex and/or undefined risk and return requirements.
Duties Include:
- Analyzing the future risks and opportunities of various products/business lines, translating results into risk and return requirements
- Quantifying risk across products, business units and companies using strong business risk analysis skills and understanding, and industry best practices
- Educating business leaders and risk area owners on risk adjusted return and risk adjusted capital analyses
- Applying innovative and analytical approaches to draw conclusions and make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital
- Translating recommendations into communication materials to effectively present to colleagues for peer review and management
- Producing advanced analytical material for discussions with representatives from various business units/product owners to understand business objectives and influence strategies
- Assisting in model risk management activities.
Preferred Qualifications :
Master Degree in Mathematics, Actuarial Science, Statistics or related field.
Enterprise Risk Management: - Experience within the Enterprise Risk Management function in the financial services industry
- Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.
- Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment
- Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.
- Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment
Qualifications: Required Qualifications: Education:
- Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
- Successful completion of five or more actuarial examinations and a minimum of four or more years of experience in an actuarial environment.
- Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
- Extensive experience in/with:
- Coordination and execution of projects
- Use of statistical tools and software applications to complete assignments
- Preparing reports and exhibits for senior management review
- Analysis of technical studies and data and draw sound conclusions
- Modeling and complex quantitative analysis resulting in sound recommendations
Knowledge and Skills/Ability to:
- Make oral presentations to business units and management
- Represent the department on inter-department teams
Experience in four or more of the following (required experience may vary by team)
- Preparing quarterly rate indications
- Formulating and interpreting mathematical rate making models
- Preparing property and casualty rate filings
- Preparing competitive product and rate comparison analysis reports
- Calculating reserves
- Pricing property and casualty insurance products
- completing actuarial research relating to insurance operations
- developing, improving and maintaining economic capital models
- completing actuarial research related to insurance operations
- incorporating economic scenario generators into asset modeling
- analyzing and interpreting catastrophe model output
- modeling of financial risks, including credit, market, liquidity, and operational risks
- developing, obtaining buy in for, and monitoring risk appetite and tolerances for business units, products and/or risk areas
You Will Enjoy: - An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
- Apply today to learn more and be part of our Growth story.
All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.
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