Locations: Philadelphia, PA; Morristown, NJ or New York, NY
What to expect:
You will be an individual contributor, who with minimal supervision, builds complex analyses to evaluate assumptions, premiums and risk, analyzes industry factors that affect loss liabilities, and consults with clients on reinsurance actuarial services that assess and mitigate risk. This actuary is a strategic partner with brokers and clients helping to find the solutions to client problems. You need to be able to work hand in hand with the actuarial and broking teams to ensure client and broking needs are met, analytics resources are used appropriately and GC Actuarial is supporting and strengthening the relationship with the client.
You will be a strategic partner with brokers and clients helping to find the solutions to client problems. The senior actuary needs to be able to work hand in hand with the broking teams to ensure analytics resources are used appropriately, client needs are met, and GC Actuarial is supporting and strengthening the relationship with the client.
We expect a senior leader to be able to meet with a client to discuss risks and concerns as well as potential solutions without having fully reviewed the company’s actuarial data, based on experience and general reinsurance market knowledge. You will work closely with the brokers to understand the issues and be fully engaged in discussions to find the right solutions, adding value to the process beyond the results of an actuarial analysis.
What's in it for you?
A company with a strong Brand and strong results to match.
Culture of internal mobility, collaboration and valued partnership throughout business.
Employee Resource Groups which provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations.
Myriad opportunities for volunteerism via various Social Impact partnerships in the community.
Competitive pay (salary and bonus potential), Full benefits package – starting day one (medical, dental, vision, STI/LTI, life insurance, generous 401k match AND contribution.
After six months, eligible for up to $10k tuition reimbursement per year and participation in our Employee Stock Purchase Plan.
Entitled to 25 days of vacation, time off to give back to your community, ten sick days, and nine company holidays (with early dismissal).
We will count on you to:
Consult with brokers on client's needs and advise on reinsurance programs based on risk tolerance level and industry trends to help clients mitigate risk
Implement complex models/calculations to assess risk and develop pricing and strategies for a range of risk exposures for clients
Act independently to propose actuarial services and valuations clients on their current and future needs to help them mitigate risk
Modify complex specialty models, and propose more value added models to brokers and clients to assess their risk exposure and forecast risks, losses and financial impact
Expand client services beyond reinsurance transactions to drive business development
Direct team to build complex specialty models to assess risk and develop pricing strategies for a range of risk exposures
Advise senior management on issues, progress, etc., regularly in order to ensure the reinsurance transaction process
Communicates strategically with brokers, re-insurers, and clients to anticipate clients’ needs and drive usage of reinsurance actuarial services
What you need to have:
SVP: a minimum ACAS, preferably FCAS; at least 7-10 years actuarial experience in the (re)insurance industry
VP: ACAS with 5 - 7 years actuarial experience in the (re)insurance industry
Bachelor’s degree in Actuarial Science, Economics, Math, Statistics, or related field
Pricing, valuation and/or capital modeling experience
Strong skills in Microsoft Office suite
Visualization skills – Power BI, Tableau or similar.
Excellent communication skills; verbal and written
Coding experience in programming languages (i.e. Alteryx, R, Python, VBA , SQL)
Comfortable working in interactive teams with brokers, and clients
Ability to lead day to day parts of the project and make decisions to keep projects moving forward
Strong problem solving skills
What makes you standout:
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,100 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh & McLennan Companies (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 75,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow Guy Carpenter on LinkedIn and Twitter @GuyCarpenter
Internal Number: R_092672
About Guy Carpenter
Marsh & McLennan Companies
Four Global Companies. A World of Expertise and Capabilities
We are experts in risk, strategy and people – and a strategic partner in promoting growth, protecting value and helping clients make better decisions.
Our colleagues at Marsh, Guy Carpenter, Mercer and Oliver Wyman are known for character, commitment to their clients' enterprise and the temperament to overcome challenges.
Together, we combine a unique range of capabilities to help our clients solve problems, seize opportunities and build lasting success in increasingly dynamic operating environments.