Actuarial Analyst (Hybrid)

Edgewood Partners Insurance Center - New York, NY

Full-time - Entry Level

New York, NY

Insurance Carriers and Related Activities

About the position

As an Actuarial Analyst at EPIC, you will be instrumental in designing tailored insurance programs for corporate clients, focusing on risk assessment and program design. This role involves analyzing risk exposure, collaborating with broker teams, and recommending innovative solutions to enhance coverage while minimizing risk. You will also engage in data analysis and modeling to support program effectiveness and pricing, while fostering strong client relationships through exceptional service and expertise.

Responsibilities

• Evaluate the risk profiles of corporate clients by analyzing their industry, claims history, and other relevant factors.
• Collaborate with brokers and risk managers to design customized insurance programs.
• Recommend program structures that balance risk tolerance with cost efficiency.
• Utilize actuarial tools and software to analyze data related to claims, losses, and exposures.
• Develop actuarial models to assess program effectiveness and pricing.
• Validate model results and provide insights to enhance program design.
• Work closely with account managers to understand client needs and objectives.
• Present findings and recommendations to clients in a clear and concise manner.
• Foster strong relationships with clients by providing exceptional service and expertise.
• Pursue actuarial credentials (e.g., ACAS) and stay updated on industry trends.
• Attend relevant conferences and workshops to enhance your expertise.

Requirements

• Bachelor's degree in Actuarial Science, Computer Science, Mathematics, Statistics, or a related field.
• Progress toward ACAS and/or ASA designation (passed at least three actuarial exams).
• Strong analytical skills and proficiency in Excel, SQL, or other data manipulation tools and statistical software such as R, Stata, or SAS.
• Excellent communication skills to convey complex concepts to non-technical stakeholders.
• Prior experience in property and casualty insurance or risk management is preferred.

Nice-to-haves

• Experience with actuarial modeling software.
• Familiarity with insurance industry regulations and compliance.

Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health and retirement benefits.
• Flexible work arrangements (including remote options).
• Opportunities for professional growth and development.
• Study time and expenses associated with actuarial exam preparation.
• 401K matching.
• Generous Time Off Policy.
• Medical, Dental, Vision, Pet Insurance, Cancer Insurance.
• Wellness Programs.
• Employee Award Programs (Trips!).