Position Summary
The Actuarial Analyst plays a crucial role in analyzing financial risks using mathematics, statistics, and financial theory. This position supports the actuarial team in developing and implementing models to predict future events and assess the financial impact of risk and uncertainty. Strong analytical skills, attention to detail, and the ability to communicate complex information effectively are essential for success in this role.
What will your job entail?
Job Responsibilities:
• Collect, analyze, and interpret data to identify trends and patterns that impact financial risk.
• Assist in the development and maintenance of actuarial models to forecast future events and financial outcomes.
• Evaluate the financial implications of various risk scenarios and provide recommendations to mitigate potential losses.
• Prepare detailed reports and presentations to communicate findings and recommendations to stakeholders.
• Ensure all actuarial practices comply with relevant regulations and standards.
• Work closely with other departments, such as finance, underwriting, and product development, to support business objectives.
• Conduct research on market trends and industry developments to inform actuarial assumptions and models.
• Maintain thorough documentation of methodologies, assumptions, and processes used in actuarial analyses.
• Utilize actuarial software and tools to perform complex calculations and analyses.
• Stay current with advancements in actuarial science and continuously improve technical skills through ongoing education and training.
Work Experience and Education:
· Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field with 6 months to a year of related experience.
Licenses & Certifications:
· Fellow of the Casualty Actuarial Society (FCAS), Certification in Risk Management and Assurance (CRMA) or Member of American Academy of Actuaries (AAA) is preferred.
Technical/Functional Skills:
· Business Planning
· Actuarial Analytics
· Pricing Strategy
· Risk Management
· New Product Development
· Corporate Reserving
· Financial Management
· Data Analysis and Reporting
· Product Strategy
Behavioral Skills:
· Effective Communication
· Interpersonal Skills
· Attention to Detail
· Decision Making
· Problem-Solving
· Continuous Learning
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
How We Support Our Teammates
Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
The target salary range for this position is - annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
