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Hereford Insurance Company

ACTUARIAL ANALYST

Reposted Yesterday
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In-Office
Long Island City, New York, NY, USA
100K-120K Annually
Entry level
In-Office
Long Island City, New York, NY, USA
100K-120K Annually
Entry level
Analyzes actuarial data to support underwriting, pricing, reserving, rate filings, reinsurance decisions, and strategic planning. The role prepares rate studies and reports, reviews claims trends, collaborates with finance and leadership, and coordinates with external actuaries, reinsurers, and regulators. It requires strong Excel, R, Python, SQL, VBA, and big-data skills, with opportunities to pursue CAS designations.
The summary above was generated by AI

We are looking for a self-driven candidate who is excited to uncover insights and make key strategic

decisions to shape HIC’s fiscal year and future trajectory. Ideal candidates are self-starters, asking

questions on their own and sharing insights and recommendations with the team.

The actuarial analyst will be pivotal in shaping our company’s underwriting, developing an

understanding where we are and where we are going. They will assist in the review and publication of

internal rate studies and ad hoc reports. They will be tasked with working with the various internal

claims stakeholders to review reports and certain trends. They will assist in preparing the company’s

rate filings, reviewing reserving studies, and crafting future business opportunities. They will work with

the finance stakeholders to assist with reinsurance cession determinations.

This is for someone who has made progress toward the CAS actuarial designations, but the role does not

require a designation. If the candidate so chooses, we are willing to support actuarial career pursuits

with a bespoke study program, but this is not a requirement.


Requirements

Required:

  • Advanced Excel User
  • Self-starter
  • Team player

 Knowledge of actuarial concepts like frequency and severity

 Has passed some CAS Exams or propensity to be versed in actuarial science

 Heavy R user or willingness to learn R, with a projection to transfer away from R to a more

widely used comparable language


Recommendation

 Knowledge of commercial or personal auto

 Experience crafting filings or dealing with regulators

 Reinsurance experience

 Top-down thinker but willing to get in the weeds and fix things when they break


A suitable candidate will understand that we do not have an internal actuary department. They will interact with our external actuary firms, reinsurance partners, and regulatory agencies. This will be a one-person department. They will work collaboratively with the various Company leadership team members. They should be comfortable with Python, R, SQL, Excel/VBA, and working with big data sets, have reserving and pricing experience. They will be proactive, able to take ownership of this role, and grow alongside the Company. We will consider this a hybrid role. 

 Base salary plus 5% bonus potential

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