CeDent is Hiring a Sr. Actuarial Analyst II @ Dearborn, MI (Dearborn, MI) Near Dearborn, MI
Title: Sr. Actuarial Analyst II @ Dearborn, MITerms of Hire: Full Time.Job descriptionPrimary Duties and Responsibilities:Develops and uses analytic models and assessments to develop comprehensive risk appetite and tolerances throughout the organization. Applies diverse risk analysis methodologies across a variety of businesses, products and companies to solve complex and/or undefined risk and return requirements.Duties Include:
Analyzing the future risks and opportunities of various products/business lines, translating results into risk and return requirements
Quantifying risk across products, business units and companies using strong business risk analysis skills and understanding, and industry best practices
Educating business leaders and risk area owners on risk adjusted return and risk adjusted capital analyses
Applying innovative and analytical approaches to draw conclusions and make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital
Translating recommendations into communication materials to effectively present to colleagues for peer review and management
Producing advanced analytical material for discussions with representatives from various business units/product owners to understand business objectives and influence strategies
Assisting in model risk management activities.
Preferred Qualifications:Master Degree in Mathematics, Actuarial Science, Statistics or related field.Enterprise Risk Management:
Experience within the Enterprise Risk Management function in the financial services industry
Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.
Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment
Professional Designation such as: Certified Financial Analyst (CFA), Chartered Enterprise Risk Analyst (CERA), Financial Risk Manager (FRM), etc.
Knowledge of NAIC ORSA, Solvency II, Basel, and broader insurance and banking regulatory environment
Qualifications:Required Qualifications:Education:
Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
Successful completion of five or more actuarial examinations and a minimum of four or more years of experience in an actuarial environment.
Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
Extensive experience in/with:
Coordination and execution of projects
Use of statistical tools and software applications to complete assignments
Preparing reports and exhibits for senior management review
Analysis of technical studies and data and draw sound conclusions
Modeling and complex quantitative analysis resulting in sound recommendations
Knowledge and Skills/Ability to:
Make oral presentations to business units and management
Represent the department on inter-department teams
Experience in four or more of the following (required experience may vary by team)
Preparing quarterly rate indications
Formulating and interpreting mathematical rate making models
Preparing property and casualty rate filings
Preparing competitive product and rate comparison analysis reports
Calculating reserves
Pricing property and casualty insurance products
completing actuarial research relating to insurance operations
developing, improving and maintaining economic capital models
completing actuarial research related to insurance operations
incorporating economic scenario generators into asset modeling
analyzing and interpreting catastrophe model output
modeling of financial risks, including credit, market, liquidity, and operational risks
developing, obtaining buy in for, and monitoring risk appetite and tolerances for business units, products and/or risk areas
You Will Enjoy:
An opportunity to be a part of a great culture, an awesome team, a challenging work environment, and some fun along the way!
Apply today to learn more and be part of our Growth story.
All applications will be kept strictly confidential and once shortlisted, our team will be in touch with you for further discussions.