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

POSITION SUMMARY

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.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

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.

OTHER DUTIES AND RESPONSIBILITIES

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.

EDUCATION AND EXPERIENCE

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.

KNOWLEDGE, SKILLS, & ABILITIES

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 understanding of probability and statistics. Advanced experience and exposure rating analytic skills. Must be detail‑oriented and possess excellent organizational skills. High level of creativity, ability to devise novel solutions from unstructured problems. Must have the flexibility to adapt to changes in priorities and assignments. Ability to maintain confidentiality with sensitive information and issues. Strong communication, presentation, and interpersonal skills. Advanced knowledge of stochastic simulation / economic capital modeling tools. Must be a team player. Apply Now Name (Required) First Last Email (Required) Phone (Required) Attach Your Resume Please attach your resume below. (Accepted formats: .pdf, .doc, .docx | max upload 10mb) Max. file size: 256 MB.

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Risk that is understood, managed, and clearly communicated in a way that is consumable to everyone in your organization encourages a strong risk culture. Governance, training strategies, metrics & controls, and capital allocation are techniques to ensure day‑to‑day adherence to your ERM program and corporate strategy. Leveraging Holborn’s comprehensive tool suite, we help tailor an ERM framework that supports managing your risks. One of the key objectives of an insurer’s operating strategy is to maintain an acceptable target financial strength rating. Holborn has extensive experience in helping clients balance the sometimes‑conflicting objectives of growth, profitability, portfolio optimization, capital adequacy, and multiple return metrics. Our robust financial analytics enable our clients to assess multiple key performance measures and analyze how various strategic decisions could be expected to impact the company’s financials and underlying qualitative and quantitative rating factors. By their very nature, catastrophic property losses can wreak havoc on businesses and personal property, as well as the balance sheet. Media coverage of the devastation from a hurricane or tornado often makes these events seem “unexpected.” Even though recorded weather history is relatively limited (on a geologic scale), it’s clear that outliers, storms of extraordinary magnitude, have occurred before and will again. It shouldn’t be a surprise that some of the largest insured events we see are not property, but liability‑driven. Losses stemming from workers’ compensation, mass tort, clash, runaway defense costs, product liability, and punitive damage judgments can quickly add up to amounts greater than most weather or fire damages. Holborn monitors the litigious US landscape, tracking the latest judicial rulings and regional and local hotspots. Contract wordings are continuously evolving to stay on top of emerging risks such as cyber, intellectual property, and labor laws. Working together, we ensure that the proper coverage and limits are maintained. Holborn’s Reinsurance Security Committee (a select group of our senior managers across multiple disciplines) meets regularly to review the financial condition of each reinsurer. Each entity is closely monitored for financial and operational performance through meetings with management, rating agency activity and news releases. Our monthly newsletters keep clients informed of any noteworthy changes. Holborn can provide clients with access to RiskRater®, a proprietary reinsurance pricing engine designed (but not limited) to manage portfolios of mutual insurers. RiskRater® employs a systematic approach to pricing that is consistent across client companies. Smaller companies with sparse rating histories are rated with the support of defined cohorts and compared with industry information to enable a more informed view of risk. Developed to be nimble and flexible without proprietary software installations, RiskRater® requires only a connection to a centralized database, where all data (present and historical) is stored and archived, allowing access to detailed information for year over year pricing. Our Vision Our way includes giving the client peace of mind of knowing they can “shake the same hand” again and again over time, and that our team is uniquely positioned to represent their interests in the marketplace, given our in-depth knowledge of their operations, business plans and issues, nuances, history, and the way they like to receive service from us and from their reinsurers. This is how we define our “client intimacy strategy.” Our Mission The mission of Holborn Corporation is to provide efficient tailored risk assessment and reinsurance solutions to US insurance organizations, using markets of appropriate quality. Services include risk analytics, contract and claims management, and the maintenance of trading relationships with high‑quality reinsurance markets throughout the world. #J-18808-Ljbffr Holborn Corp