Actuary utilizes statistical analysis and modeling to assess and manage risk and estimate financial outcomes. Compiles, prepares, and analyzes data to develop statistical models, probability tables, and actuarial studies and evaluate the likelihood and financial impact of various risks. Being an Actuary assists with product design and development by analyzing risk groups and calculating appropriate insurance rates, premium levels, and rating systems and structures. Records and tracks accruals, claims, and settlements and prepares documents for input into regulatory filings, financial budgets, forecasts, and other financial projections. Additionally, Actuary applies knowledge of mathematics, probability, statistics, principles of finance and business to calculations in life, health, social, and casualty insurance, annuities, and pensions. Requires a bachelor's degree. Must be currently pursuing the designation of ASA (Associate) in the Society of Actuaries. Typically reports to a manager. The Actuary work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Actuary typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
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About this job:
PartnerRe is looking to grow their US Life business and expand their mortality pricing capabilities. This is a unique position whereby the Associate Actuary will have the opportunity to assist in the development of improved pricing capabilities for a relatively new entrant to the US Life Reinsurance business.
The successful applicant will support the Pricing team to prepare quotes for clients’ reinsurance requests. The incumbent will primarily be responsible for the modeling and financial analysis in GGY AXIS. Given this is a small team, the incumbent will also assist in assumption research and development based on other priorities. As the portfolio grows, the incumbent will review treaty performance to ensure the business is performing as expected.
Accountabilities:
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PartnerRe Hiring Team