Senior Actuarial Analyst

Allianz - Los Angeles, CA

Full-time - Mid Level

Los Angeles, CA

Insurance Carriers and Related Activities

About the position

The Senior Actuarial Analyst will play a crucial role in the Underwriting Department, primarily focusing on Health Reinsurance. This position involves working on various actuarial projects, utilizing accepted actuarial and statistical methods. The analyst will collaborate with team members and will be supervised by the Actuarial Assistant Manager(s) and the Actuarial Manager, with expectations to work both independently and under guidance depending on project requirements.

Responsibilities

• Developing, testing and maintaining the pricing tools used by internal and external underwriters
• Maintaining and enhancing the other models and tools used in the department
• Assisting in the reporting of reinsurance statements
• Analyzing reinsurance treaties - new opportunities and renewals
• Carrying out pricing exercises and setting the book rates for different products and markets
• Portfolio monitoring & profitability analysis
• Assisting in underwriting and pricing large policies / special arrangements
• Carrying out experience analyses
• Assisting in the reserving exercises
• Maintaining proper documentation of all work performed and preparing manuals / technical sheets when needed
• Adhering to professional standards when communicating findings and recommendations

Requirements

• Bachelor's degree; Certification in Actuarial Science background preferred
• 4 years of relevant experience, particularly in health insurance
• Good knowledge of reinsurance principles is a plus
• Fluency in English and Arabic
• High analytical skills and numerical ability, including analyzing and interpreting complex data
• High degree of proficiency and experience in Excel and in VBA (or other programming languages like R and SQL)
• Experience in Alteryx is a plus
• Legally permitted to work in the country of operations

Nice-to-haves

• Strong attention to detail
• Strong project management and time management skills
• Ability to work under pressure and meet tight deadlines
• Ability to work independently
• High level of discretion in dealing with and handling confidential information
• Ability to collaborate with other teammates at all levels and maintain a strong team spirit