Hybrid Director, Quantitative Analysis

at Group 1001

• Job title: Director, Quantitative Analysis
• Job type: Full Time
• Experience level: Lead
• Salary: Not specified
• Degree requirement: Bachelor's Degree
• Tech skills: Python
• Location requirements: Hybrid, Stamford, United States

About the role

• Director of Quantitative Analysis for Group 1001, managing quantitative models and analyses in P&C insurance. Leading a team to optimize capital and support business growth.

Responsibilities

• Supervise all operations in portfolio surveillance and analytical services.
• Oversee Loss Model, Mark to Market and Capital Adequacy reports.
• Supervise the drafting of the Quarterly Business Review document section on risk management.
• Develop pricing models for new products including credit insurance.
• Develop scorecards to manage concentration risks for the entire company.
• Oversee Capital Charge Models for all lines of business and the entire company.
• Provide peer review of reinsurance transactions.
• Develop reinsurance database and loss reserving methodologies.
• Oversee the quantitative analyses and information provided to auditors and rating agencies.
• Support all new business development for US and international markets.
• Provide any requested quantitative analysis and information for various business lines and corporate initiatives.

Requirements

• Bachelor’s degree in actuarial science, economics, statistics or related field.
• 7-10 years’ experience in an analytical position, preferably in P&C insurance or reinsurance.
• 2-5 years’ experience of managing a quantitative or actuarial team.
• Strong understanding of actuarial principles, compliance requirements, risk management techniques, and financial modeling (ACAS or FCAS is a plus).
• Excellent skills and/or experience in data analyses and management.
• Proficient in Microsoft Excel and working knowledge of statistical software such as R, STATA or SAS.
• Programming knowledge in Python is a plus.

Benefits

• Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package.
• Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.
• Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability.
• All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.
• Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.