About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided every day by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of over 340,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast-evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group €22.5 billion in revenues in 2023.

Our Client is one of the United States' largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one the largest Insurance Groups in the world.

Team Function:

·      The team's work responsibility includes Reserving for the non-standard auto and specialty lines books, including performing reserve analysis, monitoring actual vs. expected loss and loss adjustment expense activity, and booking monthly results.

·      Support year-end actuarial reporting, as well as Chief Actuary's reserving meetings with Executives and Board of Governors, enterprise-wide reserve roll-up and analysis.

·      Provide actuarial support for Reinsurance and Zurich including IFRS17. Work with Product teams, Claims, Accounting, Planning & Performance Management, Reinsurance, auditors, internal and external reinsurers.

Role Description:

·      The role function includes data extraction and manipulation in excel and R; extract loss and premium data from finance system and produce booking transmittals; supporting reinsurance reporting including data call and IFRS17 reporting; roll over and perform actuarial analysis in ResQ using multiple actuarial methodologies; trend study; Maintaining and updating analysis tools; Perform monthly actual vs. expected analysis in excel/R; performing ad hoc analysis.

Essential Job Functions:

·      Applies concepts of economics and financial mathematics to calculate present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows Applies knowledge of investments and financial markets in an insurance context

·      Has broad knowledge of insurance company operational structure and interplay between functions including actuarial, accounting, claims, finance, product management, underwriting, marketing and regulatory/legislative affairs.

·      Applies knowledge of ratemaking and estimating to effectively price insurance contracts and/or set up reserves.

·      Applies knowledge of insurance legislation and regulation to appropriately report financial results

·      Uses appropriate tools and techniques to model processes to estimate loss costs, reserve liabilities and facilitate risk management decisions

Experience Requirements:

·      Economics and Financial Mathematics

·      Insurance Operations

·      Ratemaking and Estimating Claim Liabilities

·      Regulation and Financial Reporting

·      Statistics and Actuarial Modeling

Other Critical Skills:

·      Bachelor's degree in Actuarial Science, Mathematics, Finance or related

·      Financial Reporting - Entry Level

·      Data Management - Intermediate

Software / Tools Skills:

·      SQL - Advanced

·      Excel – Professional (4-6 Years)

·      R - Intermediate (4-6 Years)

·      Phyton – Advanced

·      Office Suite - Intermediate (4-6 Years)

·      Financial Reporting - Entry Level

Disclaimer:

Capgemini is an Equal Opportunity Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, national origin, gender identity/expression, age, religion, disability, sexual orientation, genetics, veteran status, marital status or any other characteristic protected by law.