Actuary

JOB SNAPSHOT: 
Employee Type:  Full-Time
Location: 

Chicago, IL, US, 60601

Job Type:  Administrative
Secondary Location: 
Years of Experience: 

Ryan Specialty Group is looking for an Acuary to join our Chicago, IL team. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career.

Position Summary:

This role would be involved in all aspects of actuarial support for the Ryan Specialty Group. It is expected that this role will provide support for all of the RSG Managing General Underwriters and RT Specialty Brokerage operations as required.

Essential Functions:
  • Scheduled and ad hoc analyses of underwriting performance and profitability.
  • Strategic analysis (including predictive modeling), identifying strengths/weaknesses and opportunities, leading to process / rating improvements and underwriting intelligence.
  • Product development – industry, peer, and market analyses to support new initiatives.
  • Maintenance of existing rating tools, development of new models, and assisting with integration of same into the RSG underwriting platform.
  • Portfolio modeling and monitoring – assist with production and profitability projections for the casualty portfolio and monitor production volume and appropriate metrics. Also, continue to develop portfolio tools for identifying and monitoring aggregation of coverage for certain classes or specific exposures.
  • Regular communication with the underwriting staff, RSG management, and other internal functions (IT, Finance), as well as contact with RSG’s insurance partners and their actuarial staffs.
Education/Experience/Skills:
  • Bachelors’ degree from an accredited University or College.
  • 5+ years of experience.
  • ACAS required, FCAS or near preferred.  
  • The job requires excellent technical aptitude; both in terms of actuarial skills: ratemaking, experience with cat models and predictive modeling a plus.
  • Technology skills: Microsoft Excel, programming, data manipulation (Access, SQL, Tableau, etc.)
  • Strong understanding of the insurance business, and outstanding interpersonal skills.
  • It is a highly visible position and also requires attention to detail, the ability to ask questions and creatively explore, and a willingness to get involved at all levels / all aspects of the process as necessary.
Disclaimer
Ryan Specialty Group is an Equal Opportunity Employer


Nearest Major Market: Chicago