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Senior Actuarial Analyst

Posting Date:  December 2020
Schedule:         Full Time
Location:          San Francisco Bay Area, CA

Position Summary

New Energy Risk (NER) has reached an inflection point across several high-growth sectors with enormous potential. Inbound deal flow has accelerated and we now have the increasing need to hire a self-starting individual who can work both independently and collaboratively with colleagues to perform project risk analyses and related modeling work as part of our in-depth diligence process. The senior actuarial analyst, reporting to the chief actuary, will perform diligence efforts and lead pricing modeling for our clients to evaluate the risk/return profile of each transaction.

NER is a unique company at the intersection of technical diligence and structured project financing. An ideal applicant for the senior actuarial analyst will have skills relating to these disciplines:

  1. Experience in risk modeling. NER develops new models for new risks. Unlike traditional insurance pricing evaluation, which uses past claims data, we build risk pricing models from the ground up, incorporating both technical and financial parameters and their complex interaction. An ideal candidate will have experience building bespoke risk models and possesses strong communication skills to explain the logic and results to senior management and NER’s insurance partners. Pricing experience for commercial policies is also desired for this role. A successful candidate will have a background in math or statistics and will be skilled at some of the related analytical tools such as Python, R, or @Risk and SQL.
  1. Experience in underwriting. As part of the diligence team at NER, a successful candidate will review relevant project documents and inquire about open items with clients, and will coordinate with colleagues to develop a comprehensive view of each transaction. An ideal candidate will have general familiarity with project structuring and experience in evaluating or building project proforma/financial models.
  1. Experience in technical sales. NER works with leading insurers that provide capacity for our clients. A crucial part of this role is to explain the details of our models with senior management and our insurance partners; this requires a strong understanding of the technical details of the models, and an ability to easily communicate complex technical concepts or modeling techniques to others. An ideal candidate will have experience in providing analytical support in transaction execution.

Other day-to-day tasks for the senior analyst include but are not limited to:

  • Building or improving risk pricing models using NER’s Monte Carlo simulation modeling platform in Python
  • Assisting in management of data storage and statistical analysis tools
  • Researching new products and developing models for new risk exposures
  • Reviewing commercial information from clients to support diligence efforts
  • Working with clients to understand their project proforma model and tracking version changes over the lifespan of the engagement
  • Engaging in written and verbal communications with clients, both remotely and during on-site visits
  • Serving as a supportive contact for the client’s commercial team
  • Analyzing and presenting model results to NER’s insurance partners in both written and verbal communications
  • Collaborating with colleagues to successfully transition clients from diligence to policy execution and issuance

With considerations in place for COVID-19 restrictions and CDC guidelines, eventual domestic and occasional international travel to client sites for audits and site visits is required on a limited basis (approximately 10%).

Company

New Energy Risk’s mission is to accelerate the deployment of impactful technologies that address global challenges through bespoke performance insurance solutions. We work across a range of breakthrough energy and other technologies, helping to insure their technical risk so that our clients can access efficient capital, accelerate their time to market, and achieve commercial scale – this is The Power of Certainty®. Over the past five years, NER’s small team has supported over $2 billion in unlocked capital across a range of projects, including fuel cells for Bloom Energy, RES Polyflow’s conversion of plastic waste to fuel, and the advancement of medical isotope technology by SHINE.

We are a leading solution provider in the new and clean technology insurance industry, developing innovative financing and insurance structures using capacity and resources from our affiliate, AXA XL (S&P Financial Strength Rating of AA- as of November 2020) and the support of renowned global reinsurers. With industry-leading expertise in the quantification and modeling of technology performance risk, NER is a small, tight-knit, and high-performing group of experienced individuals with backgrounds across risk analytics, engineering, actuarial science, underwriting, clean energy finance, and operations.

Qualifications

Required:

  • Degree in math, statistics, actuarial science, business, finance, or engineering
  • 5+ years of analytical experience
  • 2+ years of programming experience
  • Working knowledge of insurance pricing
  • Demonstrated excellent verbal and written communication skills
  • Ability to multitask and manage multiple projects/clients at once
  • Highly organized and excellent attention to detail
  • Proficiency in Excel, MS PowerPoint, Word
  • A team player with a desire to work with close-knit and high-performing colleagues

Desired:

  • Master’s degree or other advanced degree in a quantitative field, or ACAS/FCAS
  • Experience in (re)insurance underwriting or pricing
  • Proficiency with Python, SQL
  • Interested in macrotrends in the renewable energy industry, both commercially and technologically

Compensation and Benefits

  • Salary commensurate with experience
  • Annual bonus incentive
  • Stock options
  • Unlimited vacation
  • Group health insurance options (including dental, vision, life)
  • 401(k)
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