Position Summary
This role will provide actuarial pricing support for the Ryan Alternative Risk. This position is part of a team in an area of strategic importance within Ryan Alternative Risk and Ryan Specialty. This role will collaborate with actuaries, underwriters, and brokers across the organization. This position follows a hybrid schedule, requiring on-site work 3–4 days per week. The role can be based at either of the following offices: Chicago, IL; Walnut Creek, CA; Media, PA; New York, NY.
What will your job entail?
Essential Functions:
Pricing support for alternative risk transfer (structured/fronting), long-term care and physician/hospital liability programs, and commercial auto excess programs.
Support profitability studies across all programs
Support rater-built efforts for existing and new launched programs.
Ad hoc actuarial analyses of industry data to develop Benchmarks to supplement account level pricing data.
Provide actuarial support for product and tool development in support of new and existing initiatives.
Support portfolio management for Ryan Alternative Risk.
Collaboration with other actuaries and groups within Ryan Specialty.
Consistent and efficient communication with key stakeholders throughout Ryan Alternative Risk
Consistent and efficient communication with insurance partners and external actuarial teams
Other relevant duties as assigned.
Education/Experience/Skills:
Minimum of 3+ years of actuarial experience. Preferably in pricing
Bachelor's degree in actuarial science, mathematics, finance, statistics, economics, or related field
ACAS designation preferred, but not required
Actively taking and passing actuarial exams
Strong technical aptitude including:
Actuarial/quantitative/statistical skills
Technology skills – Microsoft Office (excel, word, PowerPoint), programming/data manipulation (SQL, Python/R), presentation tools (Tableau/PowerBI, etc)., preferably experience with simulation tools (@Risk, etc.).
Demonstrated strong understanding of the insurance business.
Solid interpersonal, presentation, and communication skills
Committed team player, client-focused, highly-motivated
Strong attention to detail, ability to multi-task and meet deadlines in a fast-paced transactional environment.
Ability to solve problems by asking questions and exploring solutions
Willingness to get involved at all levels / all aspects of the process as necessary
Ability to manage workload with minimal supervision.
Experience working with large data sets and instances of incomplete/inconsistent data.
Ability to think flexibly and react nimbly during critical moments.
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 $92,000.00 - $115,000.00 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.
