New Energy Risk (NER) has reached an inflection point across several high-growth sectors with enormous potential. Inbound deal flow has accelerated and we now have the increasing need to hire a self-starting individual who can work both independently and collaboratively with colleagues to perform project risk analyses and related modeling work as part of our in-depth diligence process. The senior actuarial analyst, reporting to the chief actuary, will perform diligence efforts and lead pricing modeling for our clients to evaluate the risk/return profile of each transaction.
NER is a unique company at the intersection of technical diligence and structured project financing. An ideal applicant for the senior actuarial analyst will have skills relating to these disciplines:
Experience in risk modeling. NER develops new models for new risks. Unlike traditional insurance pricing evaluation, which uses past claims data, we build risk pricing models from the ground up, incorporating both technical and financial parameters and their complex interaction. An ideal candidate will have experience building bespoke risk models and possesses strong communication skills to explain the logic and results to senior management and NER’s insurance partners. Pricing experience for commercial policies is also desired for this role. A successful candidate will have a background in math or statistics and will be skilled at some of the related analytical tools such as Python, R, or @Risk and SQL.
Experience in underwriting. As part of the diligence team at NER, a successful candidate will review relevant project documents and inquire about open items with clients, and will coordinate with colleagues to develop a comprehensive view of each transaction. An ideal candidate will have general familiarity with project structuring and experience in evaluating or building project proforma/financial models.
Experience in technical sales. NER works with leading insurers that provide capacity for our clients. A crucial part of this role is to explain the details of our models with senior management and our insurance partners; this requires a strong understanding of the technical details of the models, and an ability to easily communicate complex technical concepts or modeling techniques to others. An ideal candidate will have experience in providing analytical support in transaction execution.
Other day-to-day tasks for the senior analyst include but are not limited to:
Building or improving risk pricing models using NER’s Monte Carlo simulation modeling platform in Python
Assisting in management of data storage and statistical analysis tools
Researching new products and developing models for new risk exposures
Reviewing commercial information from clients to support diligence efforts
Working with clients to understand their project proforma model and tracking version changes over the lifespan of the engagement
Engaging in written and verbal communications with clients, both remotely and during on-site visits
Serving as a supportive contact for the client’s commercial team
Analyzing and presenting model results to NER’s insurance partners in both written and verbal communications
Collaborating with colleagues to successfully transition clients from diligence to policy execution and issuance
With considerations in place for COVID-19 restrictions and CDC guidelines, eventual domestic and occasional international travel to client sites for audits and site visits is required on a limited basis (approximately 10%).
Degree in math, statistics, actuarial science, business, finance, or engineering
5+ years of analytical experience
2+ years of programming experience
Working knowledge of insurance pricing
Demonstrated excellent verbal and written communication skills
Ability to multitask and manage multiple projects/clients at once
Highly organized and excellent attention to detail
Proficiency in Excel, MS PowerPoint, Word
A team player with a desire to work with close-knit and high-performing colleagues
Master’s degree or other advanced degree in a quantitative field, or ACAS/FCAS
Experience in (re)insurance underwriting or pricing
Proficiency with Python, SQL
Interested in macrotrends in the renewable energy industry, both commercially and technologically
About New Energy Risk
New Energy Risk helps to advance breakthrough technologies addressing global challenges. We offer insurance solutions that transfer specific and carefully calibrated technology and financial risks to the insurance markets. This is the most effective way to ensure our clients get the financial support they need to accelerate their innovations. To date, our clients have unlocked over $2B for the development of new and renewable clean energy technologies and other imperative projects.
For more info, visit www.newenergyrisk.com & check out our case studies there to read some of our client stories.