Senior Cyber Actuary

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Gallagher Re is looking for a Cyber Pricing Actuary to provide actuarial support to Gallagher’s 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’ 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.

Skills, knowledge and experience

• Excellent mathematical & statistical competency. Experience handling and analysing data.
• Excellent programming skills – 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.

Education / Qualifications

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

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On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

 Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements and Pay Disclosure Statement

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.