Position Summary To provide effective, high quality actuarial pricing service and support to underwriters, and give ad-hoc support to senior actuaries and management.
Essential Functions • Price treaty reinsurance business, and provide actuarial support to underwriters in pricing risks for a range of classes, including casualty, property, multiline, and specialty lines. • Contribute to the maintenance of pricing tools on an annual basis. Work with underwriters and other actuaries in the Group for enhancing and developing new pricing tools as required • Provide assistance to underwriters to ensure that pricing tools are used appropriately • Contribute to the development of technical pricing across the various underwriting teams • Provide support to the reserving process for Aspen Re America Casualty and Property teams, as necessary. • Be part of the actuarial team and contribute to the development of actuarial services across all areas of business • Play a key role in the development of the actuarial team as it grows. Non-essential Functions • Act in accordance with and be an advocate for the Aspen Spirit. • Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required. • Ensure company, market and client related documentation is issued (internally and externally) accurately and on time where applicable. • Comply with external and internal regulatory and statutory policies, procedures and regulations. • Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives. • Liaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organizational effectiveness. • Undertake any other duties of a similar nature that the company reasonably requests to be performed that are within the expertise and skills of the jobholder.
Education / Experience • Qualified Actuary – ACAS/FCAS, FIA or equivalent • At least 3 years reinsurance pricing experience • 7 or more years commercial experience
Skills (Minimum Requirements)
IT/Software Skills • Advanced knowledge of MS Excel (essential) • VBA, @Risk (very desirable) • Working knowledge of MS Access, MS PowerPoint and MS Word Technical / Statistical Skills • Actuarial techniques for pricing all lines of business • Familiarity with common statistical distributions and fitting techniques • Use of simulation techniques for pricing loss sensitive product features
Communication & Personal Skills • Ability to communicate statistical and actuarial output to underwriters using appropriate language • Strong interpersonal skills • Ability to work well independently or with others, particularly in a small team. • Highly motivated individual
About Aspen Insurance
We are a diversified, well-capitalized, and strongly rated company providing carefully tailored underwriting solutions in select markets. We aim to identify and respond swiftly to emerging opportunities and to operate across a wide range of geographies and specialist business lines. This approach, underpinned by effective risk management, has enabled us to broaden our earnings stream and reduce exposure to any particular risk or event.
We are both an insurer and reinsurer of specialty and similar lines and trade under two distinct brands — Aspen Re and Aspen Insurance. Our insurance business comprises property and casualty insurance; marine, aviation and energy insurance; and financial and professional lines insurance. Our reinsurance segment writes property catastrophe reinsurance; other property reinsurance (risk excess, pro rata and facultative); casualty reinsurance (U.S. treaty, international treaty and global facultative); and specialty reinsurance (credit and surety, agriculture, marine, aviation and other specialty lines).
To review our Privacy Statement, please visit www.aspen.co/privacy