Actuary

JOB SNAPSHOT:

Employee Type: Full-Time

Location:

London, GB, EC3A 8BF

Job Type: Administrative

Secondary Location:

Years of Experience:

Ryan Specialty is looking for an Actuary to join our London, UK team, however, this position can sit remote. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. Ryan Specialty has been named one of America’s Most Loved Workplaces by Newsweek, and has been named 2023 Top Insurance Employer by Insurance Business America.

Position Summary:

This role will be involved in a multitude of actuarial support for Ryan Specialty business units, central functions, and/or external partners; work may relate to pricing, underwriting support, loss projection, and/or risk analysis.

Essential Functions:

Lead the profitability analyses using traditional reserving methods for numerous business units, 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
Contribute to 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
Create ad hoc reports, analyses, and data sets to identify and solve business problems
Be a champion of risk awareness and contribute to a sound risk awareness culture across Ryan Specialty
Help guide the actuarial Development & Operations team and the Claims Analytics Lead toward the successful implementation of a claim data process, the expansion of end-user reporting tools and self-serve dashboards, and the establishment of claim product monitoring metrics
Regularly communicate with and support insurance partners and their actuarial staff
Define compelling business arguments to elicit change in future or existing actuarial issues
Scheduled and ad hoc actuarial analyses of underwriting performance, profitability, and projection
Ownership of strategic analysis and predictive modeling aimed at process/rate/UW intelligence improvement, including identifying strengths, weaknesses, opportunities, threats, and other strategic elements
Product and tool strategy & development in support of new and existing initiatives
Consistent and efficient communication with the underwriting teams, management teams, and central functions
Consistent and efficient communication with insurance partners and external actuarial teams

Education/Experience/Skills:

Bachelor’s degree in numerical or related field, including, but limited to, actuarial, mathematics, or finance
5+ years of industry experience
FCAS, ACAS, or near - ACAS
Rooted knowledge of the insurance industry, especially the specialty, commercial, and/or reinsurance sectors
Proficient with data manipulation, modeling, and visualization tools (e.g., SQL, Alteryx, MS Office, PowerBI)
Actuarial designation
Strong technical aptitude and attention to detail
Solid interpersonal, presentation, and communication skills
Proven experience working with Excel, relational database tools, and visualization tools
Demonstrated strong understanding of insurance business
Ability to ask questions, manage upward, and get involved at all levels of process, as necessary
Experience working with large data sets and instances of incomplete/inconsistent data
Ability to think flexibly and react nimbly during critical moments

Disclaimer

Ryan Specialty is an Equal Opportunity Employer