Actuary, Captives - Ascot Group : Job Details

This is an opportunity to join Ascot Group - one of the world's preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients' brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview:

Reporting to the Vice President, Actuary - Portfolio & Alternative Risk, the Actuary will be focused on pricing in support of our Captives portfolio.

Responsibilities:

• Serve as a trusted consultant to Underwriting and other business partners to price and analyze potential Captive opportunities, monitor performance of existing Captive partners, and recommend improvements to further Ascot's growth, profitability, and efficiency ambitions within the Alternative Risk space.
• Play a strong role in all Captive pricing aspects including pricing individual accounts and layers, developing technical rating algorithms and analytical tools, assessing portfolio profitability, and communicating with internal and external business partners.
• Research rates and collaborate with underwriting, finance, and actuarial teams to support our captives and facultative reinsurance offerings.
• Partner with other team members in building expertise around reinsurance pricing across all lines of business, helping to support our business partners in making better reinsurance purchasing decisions.
• Commitment to The Ascot Way: As a member of the actuarial team, the Actuary will embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability

Requirements:

• ACAS designation
• 7+ years of actuarial pricing experience with meaningful experience pricing large accounts, captives, and/or reinsurance
• Experience with pricing excess of loss and other reinsurance structures
• Broad overall knowledge of (re)insurance
• Familiarity with schedule F and unauthorized reinsurers is a plus
• Strong data, analytical, and problem-solving skills
• Strong communication skills with the ability to convey technical concepts to management and other functional areas
• Ability to interact and work within a team environment and approach actuarial work as a collaborative product
• Ability to manage a dynamic workload, balance evolving priorities in an operational environment, and be a responsive business partner are essential
• Must be detail-oriented and able to quickly evaluate the accuracy of information
• Experience with 3rd party data sources and competitor rate filings is a plus
• Experience with relevant coding languages (SQL, R, Python, SAS, VBA, etc.) is a plus

***This position may be filled at a different level, depending on experience***

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot's total compensation package for employees. Other rewards may include an annual cash bonus and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $150,000 - $180,000.

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more.

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver).

Retirement Benefits: Contributory Savings Plan (401k)

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