Associate Actuary

Corvus Insurance · Boston MA

Company

Corvus Insurance

Location

Boston MA

Type

Full Time

Job Description

We’re united by a mission: to make the world a safer place. Corvus Insurance uses novel data and artificial intelligence/machine learning to achieve better insights into commercial insurance risk. Our software empowers brokers and policyholders to better predict and prevent complex claims through data-driven tools and Smart Commercial Insurance® policies. This allows us to reduce or eliminate the impact of adverse events, creating a safer world for everyone. Drawing inspiration from the intelligent, tool-building corvid family of birds, we are a team of high-flying collaborative builders. We’re excited to meet you. Spread your wings, and soar with us.

Corvus is an InsurTech that uses new forms of data to deliver novel underwriting insights for Cyber Insurance and related products. Corvus seeks an (Associate) Actuary to join our growing team and work alongside our Risk and Insurance team.  Corvus uses AI, Data Science and Machine Learning to provide an automated Cyber Insurance experience in retail and wholesale broker channels.  You will have the unique opportunity to support our enterprise by providing actuarial pricing and reserving services and capital modeling support for our expanding product base including both insurance and reinsurance offerings. Prepare to work alongside industry leaders in analyzing, evaluating, modeling and rating potential competitive solutions for our clients. 
Responsibilities
  • Provide actuarial insight and expertise to the Actuarial and broader Risk & Insurance team;
  • Prepare and complete pricing and/or reserving analyses, including the development of rates, ultimate loss projections and communication of results;
  • Develop and update actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams;
  • Support pricing, reserving and portfolio management projects that will assist senior leadership in managing and steering business decisions;
  • Document and communicate assumptions, results, and alternatives to internal and external clients;
  • Strong understanding and ability to discuss and apply the use of existing & new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, etc.
  • Identify data issues requiring specialized actuarial attention;
  • Provide actuarial insight and expertise as a participant on Cyber Underwriting team;
  • Support proprietary tools that integrate Corvus’ data science capabilities with traditional actuarial methodologies;
  • Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies;
Qualifications
  • Bachelor's Degree in Mathematics, Actuarial Science, Economics, Finance, Statistics or related field requiring modeling, programming, or quantitative analysis
  • Newly credentialed ACAS or FCAS
  • Five (5) or more years of experience in insurance pricing or reserving, preferably professional liability lines or cyber liability;
  • Strong technical actuarial skills and strong knowledge and understanding of rating models
  • Knowledge of cyber risk modeling and enterprise risk quantification experience preferred, but not required
  • Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.
  • Experience in use of SQL, R, Python or other programming languages  in insurance applications
  • Comfortable performing work with minimal guidance and working in a dynamic work environment
  • Excellent oral and written communication skills; ability to multitask and be a great teammate
Our Commitment

Corvus provides a seriously safe nest for people who come from all paths. Our flock represents a variety of backgrounds, perspectives, and skills. Although confidence can sometimes hold us back from applying for a job, we believe there's no such thing as a 'perfect' candidate.  Corvus is a place where everyone can soar. So however you identify and whatever background you bring, please apply if this is a role that would make you excited to come into work every day.  And please check out what it's like to be a Corvid and our amazing benefits: https://www.corvusinsurance.com/life-at-corvus 

Corvus is committed to providing reasonable accommodations for individuals with disabilities. If you need assistance or an accommodation with our hiring process due to a disability, contact us at [email protected]

Disclaimer: Bird puns are highly encouraged!

Apply Now

Date Posted

09/14/2022

Views

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