Lead Actuary of Alternative Risk Transfer

Lead Actuary of Alternative Risk Transfer page is loaded## Lead Actuary of Alternative Risk Transferremote type:
Remote locations:
Remote - New Jersey time type:
Full time posted on:
Posted 7 Days Agojob requisition :
R25 Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
** Nexus Specialty Casualty
** is seeking a
** Lead Actuary of Alternative Risk Transfer
** to join our growing team!

The Lead Actuary plays a key role in building, developing and executing the growth of the ART business for Nexus Specialty Inc. in the USA. The Deal Actuary oversees actuarial work for ART structured business, leads the relationship with the firm’s Nat Cat modelers and works hand-in-glove with the CUO and underwriting team to achieve best results for us and our clients.
** How You Will Contribute:*
* * Responsibilities include, but are not limited to:
* Support the pricing of individual accounts and work closely with ART underwriting.
* Ensure the design, maintenance and use of pricing tools is consistent with actuarial approaches.
* Understand and factor in carrier partner timelines, targets, approaches, benchmarks, guidance, and assumptions.
* Work with CAT Modeling Team to understand approach, including data needs, assumptions, and drivers of output.
* Prioritize and lead actuarial projects, balancing both planned support and unplanned requests.
* Collaborating with the CUO, ART underwriters, Catastrophe Analysts and Lawyers on new business opportunities as part of a team.
* Support the development of pricing tools across the Specialty Casualty Division.
* Enhance approach on predictive analytics work that impacts pricing.
* Embrace client-centric culture and behavior both within and outside the actuarial functions.
* Support portfolio management, reporting and binder/reinsurance negotiations, including appropriate accounting for ART products.
** Licenses and

Certifications:

*
* * Actuarial designation of ACAS. FCAS is a plus.
** Skills & Experience to*
* ** b
* *** e Successful:
*** Minimum of 5 years of actuarial experience; ART modeling is a plus.
* Bachelor’s degree in mathematics, Actuarial Science or related field.
* Ability to work independently and autonomously, while taking direction.
* Excellent attention to detail.
* Ability to separate the important information from the unimportant, as well as to work with ambiguous and incomplete information.
* Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is very advantageous.
* Strong technical pricing skills with knowledge of exposure-based pricing, experience modelling, catastrophe modelling, stochastic techniques, and predictive analytics.
** Pay Range**$140k - $200k Annual
* The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
*** Teammate Benefits & Total Well-Being
** We go beyond standard benefits, focusing on the total well-being of our teammates, including:
* * Health Benefits*:
Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
* * Financial Benefits*: ESPP; 401k;
Student Loan Assistance;
Tuition Reimbursement
* * Mental Health & Wellness*:
Free Mental Health & Enhanced Advocacy Services
* * Beyond Benefits*:
Paid Time Off, Holidays, Preferred Partner Discounts and more.
* Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
*** The Power To Be Yourself
** As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.Founded in 1939 as a small, two-partner firm, Brown & Brown (NYSE: BRO) and our team of companies have grown into one of the world’s largest insurance brokerages while…