Reserving Actuarial Director - Alternative Risk
Profile Insights
Find out how your skills align with the job description.
Skills
Do you have experience in Time management?
Education
Do you have a Bachelor's degree?
Job Details
Here’s how the job details align with your profile.
Pay
Job Type
Full-time
Location
Chicago, IL
Full Job Description
Position Summary: This is a highly exciting opportunity to help establish and expand a robust process of risk analysis for business written by Ryan Specialty. This role will partner with cross-functional leadership within Ryan Specialty and insurance partners and will have responsibilities that fall within three main areas:
- perform profitability reviews and communicate results
- build new and enhance existing models
- monitor performance metrics
What will your job entail? ESSENTIAL RESPONSIBILITIES:
- Own the profitability analyses for complex insurance products using a blend of traditional reserving methods and stochastic modeling, including start-to-finish scheduled analyses, reporting of results to management teams, support during strategy determination, and fulfillment of ad hoc requests & deep-dive analyses.
- Interpret, challenge, and incorporate alternative risk transfer pricing-model assumptions into profitability analyses.
- Own components of actuarial analytical evolution, which may include but are not limited to range analysis, large loss modeling, portfolio optimization, trend analytics, and industry benchmarking.
- Partner with actuarial pricing and UW management teams on SWOT analysis for business written.
- Be a champion of risk awareness and contribute to a sound risk awareness culture across Ryan Specialty.
- Complete due diligence on prospective acquisitions.
- Support capacity provider initiatives.
- Regularly communicate with and support insurance partners and their actuarial staff.
- Define compelling business arguments to elicit change on future or existing actuarial issues.
- Create ad hoc reports, analyses, and data sets to identify and solve business problems.
- Flexibility to take on new challenges in a dynamic organization.
Qualifications
- Bachelor’s degree in Actuarial, Economics, Statistics, or related field.
- 7+ years of relevant experience.
- FCAS or career-ACAS.
- Demonstrated working knowledge of reserving, captives, and alternative risk transfer.
- Proficient with data manipulation and modeling tools (e.g., MetaRisk, SQL).
- Strong business attitude, including written/verbal communication and time management skills.
- Detail-oriented, with strong organizational, analytical, and problem-solving skills.
- Proven ability to balance multiple projects, timelines, and stakeholders.
- Highly motivated, with the ability to work effectively independently and within a team.
- Willingness to get involved at all levels and aspects of the process as necessary.
- Ability to work collaboratively with non-technical, senior insurance professionals.
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions.
How We Support Our Teammates: Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.
#J-18808-Ljbffr
