Quantitative Risk Analyst

$77,500 - $137,000 yearly
  • The Resume Review - Recruiting Department
  • Dearborn, MI, USA
  • Sep 08, 2022
Full time Accounting Finance

Job Description

Job description
Primary Duties and Responsibilities:
Develops and uses analytic models and assessments to develop comprehensive risk appetite and tolerances throughout the organization.  Applies diverse risk analysis methodologies across a variety of businesses, products and companies to solve complex and/or undefined risk and return requirements.
 Duties Include:

  • Analysing the future risks and opportunities of various products / business lines, translating results into risk & return requirements
  • Quantifying risk across products, business units and companies using strong business risk analysis skills and understanding, and industry best practices
  • Educating business leaders and risk area owners on risk adjusted return and risk adjusted capital analyses
  • Applying innovative and analytical approaches to draw conclusions and make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital
  • Translating recommendations into communication materials to effectively present to colleagues for peer review and management
  • Producing advanced analytical material for discussions with representatives from various business units / product owners to understand business objectives and influence strategies

Preferred Qualifications:

  • Master’s degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or Business Administration
  • 2 or more years of quantitative risk management, actuarial, finance, or treasury experience in the property-casualty industry
  • Ability to analyze capital allocation methodologies for property-casualty insurance products or investments
  • Demonstrated proficiency of insurance-related financial statements (e.g. balance sheet, income statement, statement of cash flows) including pro forma creation and analysis
  • Successful experience leveraging risk analysis to inform and influence business strategy

Knowledge and Skills:

  • Strong knowledge of excel modeling/big data analysis
  • Knowledge of MetaRisk, R, Igloo, Pythoin, SAS

Work Environment:
Works in a remote/virtual environment. 
Required Qualifications:
Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline required.  

  • 4 or more years related quantitative analysis experience in a discipline relevant to risk management to include statistical analysis, modeling, mathematics or other quantitative discipline
  • 2 or more years of required experience must include insurance-related risk management experience

 Knowledge and Skills: 

  • Strong understanding of data modeling/big data concepts, use of modeling tools, model documentation and validation
  • Strong analytic and problem-solving skills
  • Strong communication skills with ability to effective interact directly with all levels of management and employees and influence others
  • Project management skills
  • Strong spreadsheet, word processing, communication and presentation software (Microsoft office preferred)
  • Able to develop appropriate solutions toward identified business issues.
  • Team player with ability to also work independently

This company offers a competitive compensation and benefits package including a base salary with performance based incentives; medical/dental/vision insurance, 401(k), generous time off, a complimentary AAA Membership and much more!
Total Compensation Overview:
The Quantitative Risk Analyst will earn a competitive salary of $77,500 to $137,000 annually with annual bonus potential based on performance.

  • Excellent and comprehensive benefits packages are just another reason to work for the this company. Benefits include:
    • 401k Match
    • Medical
    • Dental
    • Vision
    • PTO
    • Paid Holidays
    • Tuition Reimbursement