Quantitative Risk Analyst

Full Time
Dearborn, MI 48121
Posted
Job description
Job Description

The Auto Club Group (ACG) provides membership, travel, insurance and financial services offerings to approximately 9 million members and customers across 11 states and 2 U.S. territories through the AAA, Meemic and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America.

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:
  • Analyzing 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:
Experience:
  • 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
  • RIMS-CRMP, ARM

Work Environment:
Works in a remote/virtual environment.

Qualifications

Required Qualifications:
Education:
Bachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline required.
Experience:
  • 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

The Auto Club Group 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 Auto Club Group. Benefits include:
    • 401k Match
    • Medical
    • Dental
    • Vision
    • PTO
    • Paid Holidays
    • Tuition Reimbursement

Important Note:

ACG’s Compensation philosophy is to provide a market-competitive structure of fair, equitable and performance-based pay to attract and retain excellent talent that will enable ACG to meet its short and long-term goals. ACG utilizes a geographic pay differential as part of the base salary compensation program. Pay ranges outlined in this posting are based on the various ranges within the geographic areas which ACG operates. Salary at time of offer is determined based on these and other factors as associated with the job and job level.

The above statements describe the principle and essential functions, but not all functions that may be inherent in the job. This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodations will be made for otherwise qualified applicants, as needed, to enable them to fulfil these requirements.

The Auto Club Group, and all of its affiliated companies, is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability or protected veteran status.

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