-
Quantitative Risk Management Analyst
3 days ago
Intercontinental Exchange Holdings, Inc. Chicago, United StatesOverview: · **Job Purpose** · The Quantitative Risk Management Analyst joins a very dynamic team exposed to and challenged with complex pricing and risk management problems requiring quantitative research, large scale implementations, supporting numerical libraries, prototyping a ...
-
Actuary
2 hours ago
Hire Integrated Chicago, United States**Office Location**: Arlington Heights, IL, or City Center of Chicago, IL · **Workplace Requirements**: During the first 90 days of employment, the position requires in-office presence. Following this initial period, there is the possibility of transitioning to a hybrid work sche ...
-
Prs Portfolio Underwriter
2 hours ago
Combined Insurance Chicago, United States**As a Personal Risk Services, PRS, Portfolio Underwriter, you are accountable for**: · - Individual risk selection for accounts generating an annual premium less than $100,000 · - Assuming a producer relationship and account leadership role in the achievement of profit, growth a ...
-
Lead Logistics Buyer
23 hours ago
Cleveland-Cliffs East Chicago, United StatesCleveland-Cliffs has an immediate opening for a Senior Logistics Buyer at our Indiana Harbor facility. The following primary position responsibilities and key position requirements are intended to provide an overview of the position but are not all-inclusive. · Summary of Respons ...
-
Managing Director, Professional Lines, Commercial
23 hours ago
Aon Chicago, United StatesManaging Director, Professional Services Practice, Commercial Risk · Are you a proven leader that can identify and generate growth opportunities? Are you a proven leader who is comfortable managing and advising Professional Services client fulfillment activities and service suppo ...
-
Renewal Underwriter
1 week ago
CapSpecialty Chicago, United States**Renewal Underwriter - Environmental** · **_ Hartford, CT/Middleton, WI / Chicago, IL_** · Want to join an exciting and collaborative company that offers competitive compensation and benefits packages - including an innovative open vacation plan, fully vested matching 401k, prof ...
-
BMO US Chicago, United States320 S Canal Street Chicago Illinois,60606 · Researches, defines, aligns, develops, and implements sales and marketing strategies with P&L (profit and loss) accountability to enable the sales force to effectively sell, fulfill, and service new and existing individual or portfolio ...
-
Director, Pricing Science
3 days ago
McDonald's Corporation Chicago, United States**Company Description** · McDonald's is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. We continue to operate from a position of strength. Our updated growth strategy is focused on staying ...
-
Life Pricing Actuary
3 days ago
Allstate Chicago, United StatesThe world isn't standing still, and neither is Allstate. We're moving quickly, looking across our businesses and brands and taking bold steps to better serve customers' evolving needs. That's why now is an exciting time to join our team. You'll have opportunities to take risks, c ...
-
Quantitative Analyst I
6 days ago
Acciona Services Energy Chicago, United States**ACCIONA is a global company, leading in the development of regenerative infrastructure that creates a positive impact on society. Our workforce consists of more than 41,500 professionals, present in more than 40 countries across the five continents, all contributing to our miss ...
-
Supervisor Financial Reporting
23 hours ago
McDonald's Corporation Chicago, United States**Company Description** · McDonald's evolving Accelerating the Arches growth strategy puts our customers and people first and demonstrates our competitive advantages to strengthen our brand. We are recognized on lists like Fortune's Most Admired Companies and Fast Company's Most ...
-
Project Manger
1 week ago
Clayco Chicago, United StatesAbout us · Ventana designs, supplies, and installs high-performing curtain wall faade systems. By working closely with the design team, we can ensure a competitively priced faade that is water and air tight, and allows for optimal thermal control of the interior space. Traditiona ...
-
Executive Sales Underwriter
1 week ago
Berkley Chicago, United StatesCompany Details: · Berkley Fire & Marine Underwriters was launched in 2013 and is a W. R. Berkley operating unit offering preferred inland marine and related property risks and services. Headquartered in Chicago, Berkley Fire & Marine Underwriters serves customers throughout the ...
-
Consulting Services Specialist
6 days ago
Envestnet Chicago, United States**Description** · Envestnet is seeking a passionate and talented **Consulting Services Specialist** to join our Portfolio Management Consultants (PMC) team. This position is expected to report to either our Berwyn, PA, Denver CO, or Chicago, IL office. · Envestnet is transforming ...
-
Customer Success Manager
1 week ago
Price f(x) AG Chicago, United States**Job Description**: · - Join our family at Pricefx, a **leading SaaS Pricing** (Price Optimization & Management) and CPQ (Configure-Price-Quote) vendor. Experiencing consistent annual growth, Pricefx remains committed to **stable employment**. We value flexibility and provide ho ...
-
Prs Portfolio Underwriter
2 hours ago
Chubb Chicago, United States**As a Personal Risk Services, PRS, Portfolio Underwriter, you are accountable for**: · - Individual risk selection for accounts generating an annual premium less than $100,000 · - Assuming a producer relationship and account leadership role in the achievement of profit, growth a ...
-
Account Executive, Entry
1 week ago
Aon Corporation Chicago, United StatesPosting Description: · **Account Executive, Entry - Chicago** · **Aon is in the business of better decisions** · At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. · As an organization, we are united through trust as one inclusiv ...
-
Allstate Chicago, United StatesThe world isn't standing still, and neither is Allstate. We're moving quickly, looking across our businesses and brands and taking bold steps to better serve customers' evolving needs. That's why now is an exciting time to join our team. You'll have opportunities to take risks, c ...
-
Account Executive Iii
2 hours ago
Aon Corporation Chicago, United StatesPosting Description: · **Aon is hiring all over North America for talented Risk Account Executives** · An Account Executive is an emerging leader who is responsible for the day-to-day account management of Aon's relationships with assigned clients. Leads client service teams to i ...
-
Territory Manager, Structural Heart, Teer
1 week ago
Abbott Laboratories Chicago, United StatesAbbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medic ...
Senior Pricing Actuary, Single Risks Pricing - Chicago, United States - SCOR
Description
Job Summary
The work includes large account pricing, working with Underwriters and the Actuarial Methods and Insights team to develop and maintain pricing models and to provide analyses and management information reports to internal and external Stakeholders.
This role would suit a commercially minded Casualty Actuary who would like to take the next step in their career and broaden their knowledge. It provides the opportunity to work within a diverse, and growing pricing team who oversee a global book of Casualty and Financial Lines business.
Key duties and responsibilities
• Large account pricing
• Evaluate profitability, exposure and loss data and provide technical pricing indications for key accounts
• Improve experience rating methodology by leveraging submission data to compile portfolio level data, establish benchmark frequency, severity selection by segment
• Ensure that all accounts priced adheres to appropriate pricing peer review process as defined in Specialty Insurance Pricing Guidelines.
• Develop, test, maintain and enhance pricing tools
• Lead model design, development, evaluation, sensitivity testing and calibration studies
• Ensure pricing models are appropriately calibrated and used correctly by underwriters, including rate change calculation.
• Maintenance of pricing tools including technical documentation/specifications/parameter update.
• Portfolio Analysis, business planning and recalibration
• Assist in studies to improve pricing methodology and predictiveness of pricing analyses.
• Create portfolio monitoring tools to aid the monitoring of pricing adequacy by segments.
• Contribute and manage the annual business planning review of portfolio (deep-dive) by considering combined ratios, rate levels, inflationary effects, and class of business mix for Specialty Insurance (including SCOR Syndicate).
• Reporting and Projects
• Lead / represent Single-Risks Pricing in various projects as and when required.
• Contribute to various regulatory tasks such as the Lloyd's Performance Management Data Return (PMDR), and board reports.
• Regular monitoring and feedback of Underwriter Adjustments, plus pricing strength (adequacy) against the long-term profitability targets.
• Any other ad-hoc reporting requirements.
Required experience & competencies
• Experience
• Solid understanding of basic ratemaking concepts on exposure adjustments, trend, loss development, exposure rating and experience rating.
• Strong background in Umbrella and Excess Casualty, General Liability for all industries (inc. Energy)
• London Market pricing experience and exposure to Directors and Officers (D&O), Errors & Omissions (E&O), Environmental Liability and other Professional Liability Lines of business is a plus.
• 7-10 years of P&C Specialty or Reinsurance pricing experience
• Strong problem-solving skills.
• Ability to handle large, complex datasets.
• Significant experience using R, Python or any other programming languages in commercial environment
• Personal Competencies
• Effective communication and collaboration skills with excellent interpersonal verbal and written skills that enables the candidate to communicate with colleagues from non-actuarial team.
• Self-Starting individual and excellent team player
• Highly motivated and driven individual with excellent analytical and problem-solving skills
• Strong organisational and time management skills required; ability to multi-task.
• Proactively support the team as a recognised centre of excellence for Pricing within the Specialty Insurance
• Stays up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting related issues.
• Has a commercial outlook but with a principled stand where required and contributes to create viable and innovative solutions that outperform competitors and differentiates SCOR.
Required Education and Qualification
• Fellow of the Casualty Actuarial Society (or any recognised actuarial organisation)
• Degree in a quantitative discipline or related field required
In compliance with local law, we are disclosing the compensation, or range thereof, for roles that will be performed in New York. Actual salaries may vary based on various factors including but not limited to experience, exams passed, and attained designations or certifications. The range listed is just one component of SCOR's total compensation package for employees. Pay Range: $178,000 - $200,000 salary pay year. Other rewards may include annual bonuses, short- and long-term incentives, and program-specific awards. In addition, we provide a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement saving plan, paid holidays and paid time off.
