Lead Actuary of Alternative Risk Transfer

Nexus Specialty Casualty is seeking a Lead Actuary of Alternative Risk Transfer to join our growing team!

The Lead Actuary plays a key role in building, developing and executing the growth of the ART business for Nexus Specialty Inc. in the USA. The Deal Actuary oversees actuarial work for ART structured business, leads the relationship with the firm’s NatCat modelers and works hand-in-glove with the CUO and underwriting team to achieve best results for us and our clients.

How You Will Contribute:? 

• Responsibilities include, but are not limited to:

• Support the pricing of individual accounts and work closely with ART underwriting.

• Ensure the design, maintenance and use of pricing tools is consistent with actuarial approaches.

• Understand and factor in carrier partner timelines, targets, approaches, benchmarks, guidance, and assumptions.

• Work with CAT Modeling Team to understand approach, including data needs, assumptions, and drivers of output.

• Prioritize and lead actuarial projects, balancing both planned support and unplanned requests.

• Collaborating with the CUO, ART underwriters, Catastrophe Analysts and Lawyers on new business opportunities as part of a team.

• Support the development of pricing tools across the Specialty Casualty Division.

• Enhance approach on predictive analytics work that impacts pricing.

• Embrace client-centric culture and behavior both within and outside the actuarial functions.

• Support portfolio management, reporting and binder/reinsurance negotiations, including appropriate accounting for ART products.

Licenses and Certifications:  

• Actuarial designation of ACAS. FCAS is a plus.

Skills & Experience to be Successful:

• Minimum of 5 years of actuarial experience; ART modeling is a plus.

• Bachelor’s degree in mathematics, Actuarial Science or related field. 

• Ability to work independently and autonomously, while taking direction.

• Excellent attention to detail.

• Ability to separate the important information from the unimportant, as well as to work with ambiguous and incomplete information.

• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is very advantageous.

• Strong technical pricing skills with knowledge of exposure-based pricing, experience modelling, catastrophe modelling, stochastic techniques, and predictive analytics.