Senior Actuarial Analyst

Position Summary

What will your job entail?

Job Responsibilities:
• Scheduled and ad hoc actuarial analyses of underwriting performance, profitability, and projection.
• Support of strategic analysis and predictive modeling aimed at process/rate/UW intelligence improvement, including identifying strengths, weaknesses, opportunities, threats, and other strategic elements.
• Product and tool development in support of new and existing initiatives.
• Consistent and efficient communication with the underwriting teams, management teams, and central functions.
• Consistent and efficient communication with insurance partners and external actuarial teams.
• Perform in-depth data analysis to identify trends and patterns that impact financial risk.
• Develop and refine actuarial models to forecast future events and financial outcomes.
• Assess the financial implications of various risk scenarios and provide strategic recommendations.
• Prepare comprehensive 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 detailed documentation of methodologies, assumptions, and processes used in actuarial analyses.
• Utilize advanced actuarial software and tools to perform complex calculations and analyses.
• Provide guidance and mentorship to junior actuarial analysts, fostering their professional development.
Work Experience and Education:
· Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field with 2+ years of related experience; or an advanced degree without experience; or equivalent work experience.

Licenses & Certifications:
· ACAS or near ACAS

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.

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 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 [email protected] 

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.