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Stamford, Connecticut; Stamford Office; New York, New York
Source: Group 1001 careers · View original posting
From Group 1001's posting. “We” and “our” refer to the employer.
Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.
This is a hands-on, build-it-yourself position for a quantitative professional who is equally comfortable working in an actuarial reserving triangle and in a production data pipeline. This position owns both the analytics and the data foundation the business runs on, designing, building and operating the insurance and reinsurance data pipeline end to end, then using that foundation to develop the pricing, reserving and capital models that inform real decisions.
The modeling work is genuinely consequential: sophisticated models supporting capital optimization, business growth, reinsurance strategy and risk management, with direct exposure to the leaders who act on them. It is also genuinely hands-on. There is no team of engineers between this role and the data. This role will write the code, validate the numbers, and stand behind the output, and in return get end-to-end ownership of an analytics platform.
This position will work across multiple fronts at once, partnering closely with colleagues in Risk Management, the Guarantee business and the Reinsurance business. Exceptional attention to detail and consistently accurate results are non-negotiable. This role may also supervise analysts, offering a path to build and lead a team as the function grows.
Oversee Portfolio Surveillance, Loss Model, Mark to Market and Capital Adequacy reports.
Oversee loss reserving analysis and methodology across the reinsurance and RVI portfolios.
Oversee Capital Charge Models for all lines of business and the whole company.
Develop scorecards to manage concentration and accumulation risks for the whole company.
Peer review reinsurance transactions.
Design, build and own the end-to-end reinsurance data pipeline, covering submission and exposure data from cedent, broker, MGA and fronting partners.
Develop and maintain the reinsurance and treaty database, together with the data structures supporting loss reserving methodologies.
Ensure model inputs are auditable and defensible for auditors, rating agencies and regulators.
Apply statistical and machine learning techniques to insurance data, including claims frequency and severity modeling, fraud and leakage detection, portfolio segmentation and predictive underwriting triage.
Perform exploratory analysis on new lines of business where credible internal data is thin and design the data capture required to build that credibility over time.
Support all new business development for US and international markets, including market research across North American and other developed markets.
Provide any requested quantitative analysis and information for various business lines and corporate initiatives.
Compensation
Our compensation reflects the cost of labor across several U.S. geographic markets. The total compensation for this position ranges from $200,000/year in our lowest geographic market up to $220,000/year in our highest geographic market. Pay is based on a number of factors including market location and may vary depending on job-related knowledge, skills, and experience.
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