VP & Actuarial Associate

VP & Actuarial Associate

Position Title: VP & Actuarial Associate
Department: Analytical Services
Location: New York, NY
Reports to: EVP & Head of Analytics
Salary Range: $120K – $300K

The Actuarial Associate is a core member of Holborn’s Analytics Department, focused on providing actuarial services that support our clients’ success. The Analytics team includes 18 practitioners including actuaries, catastrophe modelers and solution developers.

The primary responsibility of the Actuarial Associate is providing analytical services to support the design and delivery of optimal reinsurance programs. Additionally, the position involves technical services to help clients reach their business objectives in the critical areas such as risk management, profitability, economic capital modeling, and regulators/rating agencies. In particular, duties include:

• Use standard actuarial practices to review client experience and exposure and develop a common view of risk with the client. Note that:
  • We use specialized, proprietary tools that enable us to identify trends and loss drivers that might not be obvious on the surface.
  • Our analyses are often presented directly to clients to develop a collaborative understanding of risk to better solve business issues.
  • This requires a familiarity with common industry exposure rating curves, including but not limited to those provided by Verisk’s PSOLD & MILD
• Estimate pricing and structure reinsurance solutions in alignment with individual clients’ risk appetites and budget.
• Perform customized stochastic analyses in support of assessing portfolio volatility, evaluating capital adequacy, supporting overall risk management strategies, and other ad hoc analysis in support of various client business objectives.
• Communicate results to clients in person and with written materials. This includes:
  • Preparing high quality presentation materials
  • Travel to clients could initially be 2-3 times per year, likely more over time
• Leverage critical thinking to manipulate data into a standard format, interpret model output, and test it for reasonability.
• Build and maintain specialized tools to further advance our suite of proprietary models. Advanced knowledge of Excel is required, as well as some experience with larger datasets managed using SQL.
• Train junior staff and review their work.
• Assist in training/supporting clients, as well as non‑actuarial colleagues.
• Develop external relationships with clients in partnership with the broking team.

This job description reflects general details necessary to describe the job’s essential functions and the job’s level of knowledge and skill typically required. The job description should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned.

We seek people who like to be known as “problem‑solvers”, who have demonstrated achievements above the level of their peers. The actuarial role has high visibility at Holborn, and the responsibilities are often intellectually challenging since this is where Holborn crafts individual solutions for clients.

At a minimum, candidates must have 10 years of relevant actuarial experience, an Associate level designation in an internationally recognized actuarial society and must be determined to master the responsibilities described above in time. Equally as important, candidates must demonstrate a solid work ethic with the expectation that they will be able to handle multiple assignments concurrently, sometimes as part of a team and at other times as a self‑starter.

• BA/BS in Actuarial Science, Mathematics, Finance, Economics, or equivalent.
• Associate level actuarial designation (e.g., ACAS) or higher.
• 10 years of insurance industry experience, familiarity with reinsurance preferred.
• Expertise in Excel and proficiency in database management software such as SQL.

• Candidates should have a knowledge of broad market dynamics (market cycle, industry trends).
• Ability to perform queries and manipulate data.
• Excellent analytical skills with a strong…