ASSOCIATE DIRECTOR, L/H QUANTITATIVE ANALYSIS

Overview

***At this time all AM Best employees are required to show proof of vaccination (or exemption).***

 

 

The Associate Director (AD), Quantitative Analysis position is responsible for the development and management of analytical models and tools related to the rating process of Life/Health insurers within AM Best. The AD will support mostly the modeling aspects of the Unified Analytical Framework, a newly developed web service that serves as the central application for risk capital analytics, currently, the main component of the UAF is the Capital Model. It is the starting point for the balance sheet strength assessment. The ultimate goal will be to provide quantitative support to all components of the rating process. The AD will be working with the Life/Health Models Models and other applications that complement the rating process.

Responsibilities

• Develop and enhance capital models and supporting applications (Loss Reserve Models, Rating metrics, Liquidity, Forecasting, Reinsurance risk, etc).
• Design robust, scalable, reusable, strategic solutions for Life/Health risks achievable by applying solid actuarial principles, standards, and governance principles that can sustain scientific rigor when conjoined
• Be in a position to drive the process, describe complexity, be a positive influence, provide wise leadership
• Manage and develop team members
• Support the training of rating analysts and other analytical staff on how the models work
• Communicate with rating analysts and other analytical staff regarding the current state of the models and proposed updates
• Make presentations on AM Best's models and company metrics used to develop a rating, as needed
• Understand AM Best's data management process and how data are used in the UAF
• Maintain documentation of and version control on the models put into use for ratings
• Participate in developing documentation for AM Best's Unified BCAR (Best Capital Adequacy Ratio) Framework
• Communicate model needs to IT area to ensure the systems are available to the analytical staff
• Interact with the analytical staff to fully understand their needs for the rating analysis and methodology review process
• Experienced in working with data in varying forms and able to leverage predictive analytics routines

Qualifications

• 5 plus years’ of demonstrated capital modeling or risk modeling work
• Coding experience. Experience with any coding language, preferably Python, C, C , R
• Fellow of the CAS (Associate will be considered)
• Master's degree in a Quantitative Discipline

Skills

• Ability to explain technical issues to non-technical people • Strong communication skills with cross functional teams is highly important, accompanied by the ability to arrive at the best possible solution under dynamically evolving circumstances. • Strong knowledge of the challenges to overall architecture of economic capital modeling and its underlying building blocks • Leadership skills with the ability to work with senior members of the organization towards the corporate mission • Strong knowledge of capital modeling and simulation techniques • Strong understanding of non-life insurance risks • Strong ability to learn life insurance risks • Strong understanding of risks and their aggregation • Public speaking skills a plus • Strong computer skills, including Microsoft Office • Good coding ability (can read and understand code regardless of coding language) • Understanding of BestLink, with the ability to pull data and manipulate that data for analysis • Self motivated, with a demonstrated ability to work on your own • Project Management skills