Senior Pricing Actuarial Analyst - Pricing - Chicago - Hybrid - Up to $160,000

I am currently working with a World Leading Insurance Carrier who are looking for a Senior Pricing Actuarial Analyst to join their team in Chicago!

Key Responsibilities:

• Evaluate the profitability of E&S Casualty sectors, including Energy, Products Liability, Construction, General Casualty, Public Entities, and Transportation for General Liability and Auto Liability.
• Collaborate with underwriting teams to formulate pricing and underwriting strategies, identifying areas for profitable growth.
• Track changes in rates, exposure, retention, and business turnover. Analyse loss trends and industry/regulatory changes, and effectively communicate insights to management.
• Develop innovative business solutions to maximize risk-adjusted profits. Create and implement analytical tools to manage existing portfolios effectively.
• Partner with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions affecting reserve estimates.
• Examine and monitor the profitability of casualty lines by industry segment and geography.
• Research and implement best practice pricing techniques, including Generalized Linear Models (GLMs), across the business.
• Mentor and train junior staff members.

Qualifications:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• ACAS designation or near ACAS status.
• A good Actuarial experience in Commercial Lines P&C insurance, with a preference for commercial property pricing.
• Exceptional analytical and problem-solving abilities.
• Excellent stakeholder management skills, with a background liaising with Underwriters/Brokers.
• Ability to work effectively both independently and as part of a team.
• Proficiency in Excel, SQL, Python, R, or other programming languages is preferred.
• Excellent business skills, a collaborative spirit, and responsiveness to service needs and operational demands.
• Excellent communication, presentation, and interpersonal skills.

If you would be interested in discussing this opportunity further then please apply now!!!

About the job

Role

By joining the Actuarial Services team you will support our clients in the measurement and management of risks, regulatory requirements and deadlines and new accounting regimes that require companies, in the insurance sector, to improve processes and skills on the structuring of the framework controls and reporting schemes.

Specifically, you will take care of:

Carry out prospective assessments in the context of uncertainty;
Carry out reviews of insurance liabilities determined in accordance with the various valuation frameworks (Statutory, Solvency II and IFRS17);
Carry out economic and financial assessments aimed at M&A operations;
Support the audit team in the audit activity;
Manage the relationship with insurance customers;
Support control functions in regulatory activities.

Required skills

The ideal candidate possesses the following requirements:

At least 7 years' experience gained in a role within international insurance companies or consultancy firms;
Degree in Statistical and Actuarial Sciences or equivalent;
Good knowledge of Solvency II and IFRS 17 issues;
Good knowledge of one or more programming languages (eg R, SAS, Python, Matlab or similar);
Good IT knowledge of one or more actuarial software for cash flow projection;
Excellent knowledge of the Office package;
 Fluency in English.

Who they are?

They are a global international partnership, specializing in audit, accounting, consulting and taxation. It operates in over 100 countries and territories around the world, with the expertise of 50,000 professionals to assist clients of all sizes at every stage of their development.

In Italy they have grown very quickly and offers each employee the opportunity to develop their talent. We currently operate with more than 550 collaborators in offices in Milan, Bologna, Rome, Turin, Verona, Padua and Florence.

 Key Facts: 

- 2.8 billion euros in global turnover and +60% growth in the last 5 years;
- The average age of our staff is 33 years;
- 53% of their global staff are women and 96% of women leaders would recommend the firm to female graduates
- 45+ hours of technical training per year
- Global access to LinkedIn Learning
- International mobility opportunities during your career