Associate Business Analyst- Enterprise Risk Management
A new job is a big decision.
Don't work just anywhere.
Be Selective.
Our BusinessSelective is a midsized U.
S.
domestic property and casualty insurance company with a history of strong financial performance for over 95 years.
Focused on exceptional employee and customer experience, we are frequently recognized for awards and honors, including being named to Forbes' 2021 Best Workplaces in Financial Services and Insurance list.
Our CultureWe genuinely care about each other, our customers, and the communities in which we operate.
Our leaders actively champion career development and invite us to voice unique ideas and diverse perspectives.
If that sounds appealing, we think you would feel inspired on our team to achieve and be rewarded for extraordinary results.
The Associate Business Analyst will support Enterprise Risk Management (ERM) in data collection, risk analytics and risk reporting.
The individual will also assist in developing risk identification, measurement, monitoring and reporting capabilities to address existing and emerging risk considerations for management information.
Additionally will support capital modeling and scenario testing efforts to produce solvency assessment and maintain compliance with key internal and external stakeholders.
The Associate Business Analyst will also be responsible for collecting and analyzing industry data to extract risk/return insight and perform financial analysis on certain counter parties and peers.
Main
Responsibilities:
Update existing risk reports (ERM Risk Scorecards) using internally approved methodologies and processes.
Coordinate inputs from multiple sources while prioritizing work flow to manage tight deadlines.
Consistently refine risk scorecard production process and enhance supporting documents to achieve better efficiency, accuracy and customer satisfaction.
Assist in various risk studies by utilizing publicly available information from peer companies, rating agency publications and financial databases.
Frame risk studies with appropriate business context for management information.
Risk studies may cover reinsurance counterparty credit risk, catastrophe risk disclosures, loss reserve and capital management practices as well as other emerging risk issues.
Assist economic capital modeling by applying basic statistical and financial disciplines to model major risks such as catastrophe risk, insurance underwriting risk, reserve risk, investment market risk, credit risk and operational risk.
Sensitivity test key parameters, document key methodologies and report any significant changes in modeled results.
Support capital model applications such as capital adequacy assessment, capital allocation for product pricing and ROE performance management, risk appetite & limit setting, financial planning, reinsurance/risk transfer evaluation, etc.
Assist in preparing and filing Own Risk & Solvency Assessment (ORSA); maintain the inventory of stress scenarios and supporting documents; research with manager's guidance solvency frameworks such as Solvency II and NAIC Group Capital Calculation.
Participate in special projects as required, which may include testing and reconciling data for the Company's main outwards treaties at renewal.
Requirements and
Qualifications:
Microsoft Office skills a must (Access, Excel, Power Point and Word).
Understanding of accounting principles and financial/statistical modeling is desired.
Ability to apply analytical skills to analyze, synthesize and integrate data/information.
Ability to work across boundaries and collaborate with other areas of the organization.
Flexibility to adapt to changing work priorities and assignments.
Work effectively in team environment.
College degree of finance/math/ accounting/actuarial science/statistics/economics preferred.
Selective is an Equal Employment Opportunity employer.
That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives.
We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success.
Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion.
We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.
Selective maintains a drug-free workplace.
#LI-TT1.
Estimated Salary: $20 to $28 per hour based on qualifications.
Don't work just anywhere.
Be Selective.
Our BusinessSelective is a midsized U.
S.
domestic property and casualty insurance company with a history of strong financial performance for over 95 years.
Focused on exceptional employee and customer experience, we are frequently recognized for awards and honors, including being named to Forbes' 2021 Best Workplaces in Financial Services and Insurance list.
Our CultureWe genuinely care about each other, our customers, and the communities in which we operate.
Our leaders actively champion career development and invite us to voice unique ideas and diverse perspectives.
If that sounds appealing, we think you would feel inspired on our team to achieve and be rewarded for extraordinary results.
The Associate Business Analyst will support Enterprise Risk Management (ERM) in data collection, risk analytics and risk reporting.
The individual will also assist in developing risk identification, measurement, monitoring and reporting capabilities to address existing and emerging risk considerations for management information.
Additionally will support capital modeling and scenario testing efforts to produce solvency assessment and maintain compliance with key internal and external stakeholders.
The Associate Business Analyst will also be responsible for collecting and analyzing industry data to extract risk/return insight and perform financial analysis on certain counter parties and peers.
Main
Responsibilities:
Update existing risk reports (ERM Risk Scorecards) using internally approved methodologies and processes.
Coordinate inputs from multiple sources while prioritizing work flow to manage tight deadlines.
Consistently refine risk scorecard production process and enhance supporting documents to achieve better efficiency, accuracy and customer satisfaction.
Assist in various risk studies by utilizing publicly available information from peer companies, rating agency publications and financial databases.
Frame risk studies with appropriate business context for management information.
Risk studies may cover reinsurance counterparty credit risk, catastrophe risk disclosures, loss reserve and capital management practices as well as other emerging risk issues.
Assist economic capital modeling by applying basic statistical and financial disciplines to model major risks such as catastrophe risk, insurance underwriting risk, reserve risk, investment market risk, credit risk and operational risk.
Sensitivity test key parameters, document key methodologies and report any significant changes in modeled results.
Support capital model applications such as capital adequacy assessment, capital allocation for product pricing and ROE performance management, risk appetite & limit setting, financial planning, reinsurance/risk transfer evaluation, etc.
Assist in preparing and filing Own Risk & Solvency Assessment (ORSA); maintain the inventory of stress scenarios and supporting documents; research with manager's guidance solvency frameworks such as Solvency II and NAIC Group Capital Calculation.
Participate in special projects as required, which may include testing and reconciling data for the Company's main outwards treaties at renewal.
Requirements and
Qualifications:
Microsoft Office skills a must (Access, Excel, Power Point and Word).
Understanding of accounting principles and financial/statistical modeling is desired.
Ability to apply analytical skills to analyze, synthesize and integrate data/information.
Ability to work across boundaries and collaborate with other areas of the organization.
Flexibility to adapt to changing work priorities and assignments.
Work effectively in team environment.
College degree of finance/math/ accounting/actuarial science/statistics/economics preferred.
Selective is an Equal Employment Opportunity employer.
That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives.
We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success.
Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion.
We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.
Selective maintains a drug-free workplace.
#LI-TT1.
Estimated Salary: $20 to $28 per hour based on qualifications.
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