SUMMARY:
This position is responsible for providing actuarial support for all reinsurance functions at AF Group. This includes assessing risks, determining appropriate level of reinsurance coverage, providing strategic insights into reinsurance utilization, support reinsurance placements, forecasting and planning, and assisting with financial booking of reinsurance. In this position the individual will interact with Director, Reinsurance, AF Group's Specialty's team, Actuarial, Finance, Office of General Counsel and others as appropriate as well as external outside parties including reinsurance partners and intermediaries. Position will be subject matter expert in reinsurance and will serve as a mentor to other actuarial analysts.
RESPONSIBILITIES/TASKS:
* Analyzes data and presents analysis in a format appropriate for business leaders to make informed decisions. Effectively communicates, makes recommendations, and presents data to appropriate personnel.
* Creates reports and presentations for business areas which includes analysis relative to experience and profitability.
* Prepares commentary for executive management regarding risks management and reinsurance.
* Works with various business units to help create and drive strategic plans and metrics.
* Monitors premium and loss ratio projections, communicates status to Operating Units and the Holding Company.
* Acts as a liaison to Finance and assists in annual profit planning process and expense forecasting as necessary.
* Monitor profitability of various segments makes recommendations to take corrective action as necessary, and monitors action plans.
* Work with Finance to properly account for reinsurance transact ions.
* Provides guidance and mentors other actuarial analysts.
* Creates documentation and establishes procedures for internal department processes.
* Maintains and helps design reinsurance and forecasting models.
* Represents Actuarial on corporate projects as needed.
* Provides support and peer review to the Capital Modeling team and the Capital Allocation process.
* Works with the Enterprise Risk Management team on identifying on monitoring risks.
* Assigned advanced special projects as needed.
* Exercise discretion when communicating outside of the department.
* Maintain confidentiality of information processed as appropriate.
This position description identifies the responsibilities and tasks typically associated with the performance of the position. Other relevant essential functions may be required.
SKILLS/KNOWLEDGE/ABILITIES (SKA) REQUIRED:
* Knowledge of mathematics and statistics.
* Advanced knowledge of actuarial principles and practices, including reinsurance, reserving and ratemaking, financial reporting, underwriting and marketing guidelines and claims practices.
* Ability to perform actuarial and statistical analyses.
* Ability to apply the principles of logical thinking to define problem; collect data, establish facts and draw conclusions.
* Excellent communication with others both verbally and in writing and the ability to communicate actuarial concepts and conclusions to non-actuaries.
* Ability to learn new software easily.
WORKING CONDITIONS:
Work is performed in an office setting with no unusual hazards. Minimal travel required.
The qualifications listed above are intended to represent the minimum education, experience, skills, knowledge and ability levels associated with performing the duties and responsibilities contained in this job description.
We are an Equal Opportunity Employer. Diversity is valued and we will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.
