Senior Associate, Property & Casualty Actuary

Job Summary:

BDO's Property and Casualty group provides a broad range of risk analysis services related to personal and commercial lines, such as automobile liability, general liability and workers compensation. Major offerings include services related to: Reserve Analysis, Claims Operational Analysis, Mergers & Acquisitions, Product Design & Pricing, Predictive Analytic, Fraud Detection, Litigation Support, Regulatory Assistance, Reinsurance, and Enterprise Risk Management. We also provide a wide array of additional P&C consulting services regarding financial reporting and audit related matters, captive feasibility studies, transfer pricing, IRS tax disputes involving insurance reserves, cash flow projections, funding studies, allocation schemes, and retrospective rating plan premium accrual calculations. Our professionals regularly provide advice, consulting, and audit support services to every segment of the insurance industry including insurers, reinsurers, regulators, captives, third-party administrators, agents and brokers, and bureaus and associations. This position has significant opportunity for advancement as well as personal and professional growth.

Job Duties:

• The Senior Associate will be responsible for the following activities:
  • Identifies and addresses client needs
  • Builds solid relationships with clients
  • Develops an awareness of Firm services
  • Approaches client in an organized and knowledgeable manner
  • Delivers clear requests for information
  • Demonstrates flexibility in prioritizing and completing tasks 
• Manages traditional loss reserving and ratemaking projects, implementing engagement work-plans, and conducting other risk-analysis related-projects that may include one or more of the following areas in response to client requests:
  • Economic capital model validation,
  • Enterprise risk framework consulting, 
  • Financial performance reviews, 
  • Predictive modeling and machine learning, 
  • Merger and acquisition valuations, and
  • Reinsurance program review
• Works on project management teams, including guiding the work performed by our associates, completing assignments with minimal supervision, and providing feedback and performance coaching to engagement team members
• Builds relationships across consulting teams within BDO promoting synergies and mutual respect

Other duties as required

Supervisory Responsibilities:

• None

Qualifications, Knowledge, Skills, and Abilities:

Education

• Bachelor's degree with documented concentrations academic background in Actuarial Science, Applied Statistics, Financial Analysis, Insurance, Economics, Mathematics or related quantitative discipline required

Experience

• 4+ years of experience in the Actuarial and/or insurance field required
• Strong analytical and basic research skills related to the retrieval and organization of high volumes of information required
• Demonstrated experience performing in a role emphasizing engagements that utilize detailed analytical and creative problem-solving skills related to the insurance value chain in the following areas is preferred:
  • Financial, Risk, or Capital Modeling;
  • Data Analytics; 
  • Predictive Modeling; and 
  • Machine Learning 

License(s)/Certification(s)

• Pursuit of the Fellow of the Casualty Actuarial Society designation (FCAS) is preferred

Software

• Programming experience with R and/or other statistical software required
• Expertise in statistical modeling techniques such as regression, GLM, cluster analysis; principal mechanisms; feature creation; and validation required

Language(s)

• N/A

Other Knowledge, Skills & Abilities

• Excellent verbal and written communication skills
• Resolute in the pursuit to create and improve methodology, products, and operational procedures
• Capable of researching and applying accounting pronouncements in a business context 
• Solid organizational skills especially ability to meet project deadlines with a focus on details
• Capacity to successfully multi-task while working independently or within a group environment
• Models professional behaviors, mentoring the team on issues involving professionalism, integrity, quality performance, and personal development
• Aptitude to build and maintain strong relationships with internal and client personnel 
• Ability to foster a collegial work environment
• Demonstrated ability and commitment to consistently delivering exceptional client service

Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.

California Range:  $90,000 - $120,000
Colorado Range:  $90,000 - $120,000
New York City/ Valhalla Range:  $90,000 - $120,000
Washington Range:  $90,000 - $120,000

BDO delivers assurance, tax, digital technology solutions and financial advisory services to clients throughout the country and around the globe. We offer numerous industry-specific practices, world-class resources, and an unparalleled commitment to meeting our clients' needs. We currently serve more than 400 publicly traded domestic and international clients.

• Unparalleled partner-involvement 
• Deep industry knowledge and participation
• Geographic coverage across the U.S.
• Cohesive global network 
• Focused capabilities across disciplines