Senior Actuarial Analyst

Coaction Specialty Insurance Group - Morristown, NJ

Full-time - Mid Level

Morristown, NJ

About the position

The Senior Actuarial Analyst at Coaction plays a crucial role in analyzing data to assist underwriters in pricing business risks effectively. This position requires a blend of strategic thinking, technical skills, and problem-solving abilities to drive results in a specialty insurance environment. The analyst will work closely with various internal teams to optimize business profitability and develop innovative solutions for complex actuarial challenges.

Responsibilities

• Evaluate business profitability and provide recommendations for portfolio optimization.
• Utilize actuarial methodologies to solve business problems and drive results for a variety of Property and Casualty insurance products.
• Support development of new products and develop new or revised rating algorithms and tools.
• Work as a member of a broader, cross-functional team to formulate and support business strategies for various products.
• Solve complex problems and develop innovative approaches with minimal to moderate supervision.
• Build and refurbish tools and models to streamline business processes and workflows.
• Complete large projects, utilizing resources from multiple disciplines.

Requirements

• 3-5 actuarial exams completed.
• 3-6 years of actuarial experience.
• Minimum of 2 years of Pricing experience, with Professional Lines experience a plus.
• Willingness to challenge the status quo using creative solutions.
• Excellent quantitative, analytical, and problem-solving skills.
• Strong verbal and written communication skills.
• Advanced M.S. Excel skills.
• Programming knowledge (VBA, SQL, R, Tableau or others) preferable.
• Ability to distill complex concepts and communicate them clearly to non-technical business partners.
• Strong organizational and time-management skills.