Actuarial Analyst Jobs in Pennsylvania

Job Title: AVP Actuary, Brandywine Holdings Company: ACE Limited/ACE INA Location: Philadelphia, PA Description: ACE GroupThe ACE Group of Companies is one of the worlds leading global commercial property and casualty insurance and reinsurance organizations, with 16,000 employees worldwide and offices in more than 50 countries.ACE serves the property and casualty insurance needs of businesses of all sizes in a broad range of industries. We also provide specialized insurance products—such as personal accident, supplemental health and life insurance—to individuals in select countries. Our reinsurance operations include both property and casualty and life companies.Details of this critical opening follow:A. TITLE: Assistant Vice President, ActuarialBusiness Unit: Brandywine Holdings Date: 2/5/2010Department: Actuarial Grade: 31 Location: Philadelphia, PA Job Code: 31ACACB. KEY OBJECTIVE:Support completion of Brandywine actuarial goals and objectives including annual reserve reviews with particular focus on AFIA Re and other assumed reinsurance businesses.C. MAJOR DUTIES & RESPONSIBILITIES:Provide detailed and insightful actuarial analysis in support of annual reserve review of Brandywine liabilities. Provide actuarial support for claim settlement initiatives, reinsurance collections and commutations, reinsurance bad debt analysis and mass tort liability estimation. Design and maintain policy, claim and financial databases to control data quality.D. SCOPE INFORMATION: (include operating budget, revenue goals, reporting relationships, # of direct/indirect reports, etc.) Reports to SVP, Brandywine Actuarial. Occasional business travel will be required.E. MINIMUM REQUIREMENTS:The position requires Associate status in Casualty Actuarial Society and excellent working knowledge of Microsoft Office including Access and SQL.F. DESIRED QUALIFICATIONS:Desirable qualifications include Fellowship in Casualty Actuarial Society and knowledge of ACE general ledger structure and reporting capabilities. ACE offers a competitive salary plus cash bonus, equity opportunities and a comprehensive benefits package including life, health, dental, vision, a generous retirement savings plan with a generous company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.Sound like the right job for you? For consideration, please apply below. If you would like additional information about the ACE Group, please visit our website at www.acelimited.com

Job Title: AVP Actuary Company: ACE Limited/ACE INA Location: Philadelphia, PA Description: ACE GroupThe ACE Group of Companies is one of the worlds leading global commercial property and casualty insurance and reinsurance organizations, with 16,000 employees worldwide and offices in more than 50 countries.ACE serves the property and casualty insurance needs of businesses of all sizes in a broad range of industries. We also provide specialized insurance products—such as personal accident, supplemental health and life insurance—to individuals in select countries. Our reinsurance operations include both property and casualty and life companies.Details of this critical opening follow:KEY OBJECTIVEEconomic capital modeling is a subject that is attracting an ever-increasing degree of attention from regulators, rating agencies, and investors, as well as from management. ACE has developed a modeling framework over the past few years to meet these demands, but there is an ongoing effort to advance the program further to keep pace with expanding requirements. These developments have substantial implications for ACE’s group-wide planning process, both in terms of the way in which it is conducted as well as how the results are used. The individual in this role will lead efforts to enhance ACE’s planning process and produce periodic analyses (risk-based and otherwise) for unit and senior management based on planning assumptions and outputs.MAJOR DUTIES & RESPONSIBILITIES* Direct the Group-level actuarial analysis of ACE’s business plan, including the generation of risk-adjusted performance metrics, product line profitability targets, trend benchmarking, etc.* Lead efforts to improve ACE’s planning process, including working toward consistency of methods / assumptions and providing required inputs for ACE’s economic capital model(s).* Help to develop appropriate uses for the capital model, including applications to assist with planning.* Help develop risk parameters for the capital model based in part on planning variables and assumptions* Satisfy ad hoc requests regarding loss trends, pricing environment, etc.SCOPEThe position will be based in Philadelphia and report to a VP / Actuary. There will be frequent interaction with other ERM / Actuarial staff in Philadelphia, Bermuda, and London, as well as with other functions (Actuarial, Treasury, Finance, etc.) and other ACE offices.Many tasks will be long-term in nature with a project timeline that could span months. Other tasks, either recurring or one-of projects, will require relatively quick turnarounds. At any one time multiple projects may be ongoing, so the ability to shift focus quickly from one project to another is essential.REQUIREMENTSo BS degree or higher in Mathematics, Statistics, Finance, or a related field.o 8+ years of P&C experience.o ACAS or FCAS credentials.o Experience with an array of commercial P&C products and multiple actuarial functions (pricing / reserving) preferred.o Proficiency in Excel essential. Familiarity with VBA and Access a plus.o Ability to work independently with minimal supervision.o A willingness to work beyond normal business hours when necessary.o Occasional business travel, domestic and international, may be required.ACE offers a competitive salary plus cash bonus, equity opportunities and a comprehensive benefits package including life, health, dental, vision, a generous retirement savings plan with a generous company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.Sound like the right job for you? For consideration, please apply below. If you would like additional information about the ACE Group, please visit our website at www.acelimited.com

Job Title: Actuarial Analyst Company: ACE Limited/ACE INA Location: Philadelphia, PA Description: ACE GroupThe ACE Group of Companies is one of the worlds leading global commercial property and casualty insurance and reinsurance organizations, with 16,000 employees worldwide and offices in more than 50 countries.ACE serves the property and casualty insurance needs of businesses of all sizes in a broad range of industries. We also provide specialized insurance products—such as personal accident, supplemental health and life insurance—to individuals in select countries. Our reinsurance operations include both property and casualty and life companies.Details of this critical opening follow:KEY OBJECTIVEEconomic capital modeling is a subject that is attracting an ever-increasing degree of attention from regulators, rating agencies, and investors, as well as from management. ACE has developed a modeling framework over the past few years to meet these demands, but there is an ongoing effort to advance the program further to keep pace with expanding requirements. The individual in this role will help ACE move toward this goal, as well as to satisfy current internal reporting requirements regarding risk-based capital metrics.MAJOR DUTIES & RESPONSIBILITIES* Assist in the production of risk-based metrics and associated analyses to support ACE’s annual business planning.* Support the design and build of economic capital model components that are of suitable complexity given ACE’s corporate structure and diverse product base.* Help conduct benchmarking and validation studies for key model parameters and outputs, utilizing both internal and external data.* Assist in establishing data flows between capital model and other sources, including existing financial systems, actuarial systems, and other risk models. * Provide support for ACE subsidiaries as they work to satisfy regulatory requirements regarding internal capital models.SCOPEThe position will be based in Philadelphia and report to a VP / Actuary. There will be frequent interaction with other ERM / Actuarial staff in Philadelphia, Bermuda, and London, as well as with other functions (Actuarial, Treasury, Finance, etc.) and other ACE offices.Many tasks will be research and development in nature with a project timeline that could span months. Other tasks, either recurring or one-of projects, will require relatively quick turnarounds. At any one time multiple projects may be ongoing, so the ability to shift focus quickly from one project to another is essential.REQUIREMENTSo BS degree or higher in Mathematics, Statistics, Finance, or a related field.o Two or more years of P&C experience preferred.o Two or more CAS exams preferred.o Strong familiarity with key actuarial, financial, and accounting concepts.o Proficiency in Excel essential. Familiarity with VBA and Access a plus.o Ability to work independently.o A willingness to work beyond normal business hours when necessary.ACE offers a competitive salary plus cash bonus, equity opportunities and a comprehensive benefits package including life, health, dental, vision, a generous retirement savings plan with a generous company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.Sound like the right job for you? For consideration, please apply below. If you would like additional information about the ACE Group, please visit our website at www.acelimited.com