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 • Assist pricing actuaries in pricing treaty reinsurance business, providing actuarial support to underwriters in pricing risks for a range of classes, including casualty, property, multiline, and specialty lines • Assist in 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 • Compile client loss/premium data in order to develop benchmark factors to be used in pricing analysis • Maintain ARA Quarterly Portfolio Analysis for specified business segments, making enhancements as necessary and responding to adhoc requests pertaining to analysis • Contribute to the development of technical pricing across the various underwriting teams • Be part of the actuarial team and contribute to the development of actuarial services across all areas of business
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 • Bachelor’s Degree or higher in Actuarial Science/Mathematics/Statistics or a comparable subject (required) • Experience (2-5 years) in reinsurance or commercial insurance lines (required) • Commitment to actuarial qualification, actively pursuing exams (required) • Completion of 1-4 Actuarial Exams (preferred) • Experience in reinsurance or commercial insurance lines (required) • Experience in Property reinsurance or commercial insurance lines (preferred)
Skills (Minimum Requirements) • IT/Software Skills -Practical experience working with MS Excel (essential) -VBA, SQL, @Risk (desirable) -Working knowledge of MS Access, MS PowerPoint and MS Word • Technical / Statistical Skills -Strong knowledge of common statistical distributions and tests of goodness of fit -Familiarity with actuarial concepts / fundamentals • Communication & Personal Skills -Strong interpersonal skills -Ability to work well independently or with others, particularly in a small team. -Highly motivated individual
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 ex...posure 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).
Aspen Insurance Holdings Limited was founded in 2002 and has been listed on the New York Stock Exchange since 2003 (NYSE: AHL).