Job Description

About Us:

Gallagher is a global leader in insurance, risk management and consulting services. We help businesses grow, communities thrive and people prosper. We live a culture defined by The Gallagher Way, our set of shared values and guiding tenets. A culture driven by our people, over 45,000 strong, serving our clients with customized solutions that will protect them and fuel their futures.

As a member of our benefits and HR consulting team, you\xe2\x80\x99ll help our clients -- employers of all sizes, across all industries -- build workplaces that work better. Responsibilities:

Gallagher Re is one of the world\xe2\x80\x99s leading reinsurance advisory and broking firms. We bring together sophisticated analytics capabilities, risk transfer and transactional expertise to provide advice and counsel to our clients. We help our clients interpret the data to guide their decisions surrounding the management of their risk portfolio.

We are seeking a Cyber Pricing Actuary to provide actuarial support to Gallagher\xe2\x80\x99s reinsurance Brokers and Clients. The role will be dedicated to our Cyber team. This role will be primarily based in New York City and offers a hybrid office-remote environment.

The role is aimed at actuaries with 5+ years\xe2\x80\x99 of relevant experience having achieved or near their FCAS designation. The role will be tailored to the appropriate experience level.

The Gallagher Re Cyber Analytics team currently offers a range of services including, but not limited to:

• Exposure and experience based pricing; proportional and non-proportional reinsurance
• Dynamic Financial Analysis (DFA) modelling; stochastic modelling to investigate impact of reinsurance structures P&L, Balance Sheet and Capital Requirements.
• Optimisation; capital efficiency and return from using reinsurance structures for both prospective and retrospective liabilities.
• Benchmarking; compilation, analysis and presentation of product and sector benchmarking.
• Research and development; current areas of focus include Outside-In scanning, inflation and cyber loss reserving.

The role encompasses interaction with clients (including tenders / RFPs) and Gallagher Re brokers. The successful individual will provide input and participate in the development of new opportunities and renewals. The role will also assist the team in developing new and existing analytics tools and modelling capabilities. This is an exciting opportunity to join a growing US team focussing on a high profile product within the (re)insurance industry.

Core Responsibilities:

• To lead analytics for cyber reinsurance placements.
• To effectively communicate analytics work with clients and reinsurers.
• To ensure effective and structured verbal and written communication, with the ability to present information in a clear manner and contribute to meetings as required.
• To use best practices and knowledge to identify efficiencies and process improvements within projects assigned, and to solve problems as required.
• To develop in-house cyber expertise through research and development projects.
• To develop and automate new and existing modelling processes.

Qualifications:

Required:

• University degree required in numerate/quantitative discipline such as Financial Mathematics, Actuarial Science, Statistics, Quantitative Risk Management, or similar
• FCAS or demonstrated excellent exam progress towards FCAS
• Excellent IT skills, in particular, MS Excel. Evident proficiency in R and/or Python.

Additional Considerations:

• Excellent mathematical & statistical competency. Experience handling and analysing data.
• Excellent programming skills \xe2\x80\x93 R or Python. Interview process will include a coding test.
• Good attention to detail.
• Knowledge of common insurance products, reinsurance knowledge preferable but not essential.
• Knowledge of cyber insurance industry ideal but not required
• A \'can do\' attitude and the ability to work across different teams in a transversal manner.
• Personable, enthusiastic, ability to summarise and explain key drivers of complex situations in a clear and concise manner.
• Ability to manage competing priorities within the Gallagher Re Analytics team. Forward planning (ability to anticipate future outcomes).
• Excellent communication and presentation skills.

#LI-AD1 Additional Information:

to review our U.S. Eligibility Requirements

We offer competitive salaries and benefits, including: medical/dental/vision plans, life and accident insurance, 401(K), employee stock purchase plan, educational expense reimbursement, employee assistance program, flexible work hours (availability varies by office and job function), training programs, matching gift program, and more.

Gallagher