Actuary - Chicago, United States - Hire Integrated

Hire Integrated

Verified Company

Chicago, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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 schedule (3-4 days in office).

Specialization:

Our client company is a niche insurance provider specializing in Fast Food Restaurant Programs, E&S Property, E&S Primary Casualty, and Excess Liability.

They prioritize exceptional client service and a meticulous approach to their work.

About the Job:

High-Level Overview:

They are seeking an experienced Actuary to join their team in the Chicago area.

As an Actuary, you will play a crucial role in assessing and managing financial risks associated with various insurance products.

Responsibilities:

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Risk Assessment: Utilize mathematical, statistical, and financial techniques to analyze and evaluate risks associated with insurance policies, including General Liability (GL), Worker's Compensation, and Multiline (Package incl. property) products.
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Data Analysis: Collect and analyze data to predict the probability and cost of future events, aiding informed decisions about pricing, underwriting, and reserving.
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Product Development: Collaborate with underwriters and stakeholders to develop new insurance products tailored to client needs, ensuring competitiveness and profitability in the market.
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Regulatory Compliance: Ensure all insurance products and pricing strategies comply with relevant regulatory requirements and industry standards.

Requirements:

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
57 years of experience in actuarial roles within the insurance industry.
Experience with General Liability (GL), Worker's Compensation, and Multiline (Package, incl. property) insurance products.
Preferred: Professional certifications such as Fellow of the Society of Actuaries (FSA) or Associate of the Society of Actuaries (ASA).