Los Angeles, CA | On-site | Risk & Data

Risk Analyst - Data and Analytics (Insurance)

Pay Range: $65,000-$75,000 Per Year. The exact starting compensation to be offered will be determined at the time of selecting an applicant for hire and will be dependent on a wide range of factors, including but not limited to geographic location, skill set, experience, education, credentials, and licensure when applicable.

About Knight Insurance Group

Knight Insurance Group is a privately-owned property & casualty Insurance company with total assets of over $1.7 billion. Part of our mission is to encourage creativity at all levels and embrace new technology. We strive to provide dependable insurance solutions through our commitment to innovation, technology, and efficiency.

What's the role?

Knight Insurance Group is a leading insurance carrier seeking a Risk Analyst to join our team in Los Angeles. The Risk & Data team are looking for an individual who demonstrates attention to detail to evaluate risk, estimate losses and assist in quantitative review of Knight's rates across various programs. The individual should be self-motivated, organized and have great quantitative skills. The candidate will need to understand various actuarial methods to estimate loss and be able to use industry data to make projections on lifetime loss. The Risk Analyst will report to the VP of Risk.

What is it like being part of operations team?

The Risk & Data team conducts complex analyses of insurance industry data to identify trends, patterns, and insights.
The team often meets to discuss questions or concerns in order to meet objectives and accomplish tasks/projects.

What you'll do as a Risk Analyst?

Studying statistical data for the purpose of creating an analysis
Creating estimates of probability and likely costs for a given event such as death, natural disaster, or sickness.
Calculating how insurance policies for different types of coverage are likely to pay out
Generating charts and presenting them at meetings along with explaining the information
Analyzing reports to determine next steps for the company or client
Preparing actuarial proposals for management and business partners
Developing recommendation on rates and rating plan to satisfy financial objectives of the organization
Review pricing algorithms, understand key underwriting metrics, engage with, identify with the risk team and external actuaries to assist in quantifying Knight's reserve adequacy.

Qualifications

What we look for in our Risk Analyst?

Bachelor's degree in mathematics, actuarial science, statistics, or some other analytical field.
Prior experience in insurance preferred
Knowledge of statistics, probability, and calculus
Strong written and verbal communication skills to clearly relay information to other employees at the company or the client
Analytical skills to determine specifics of insurance policies and avoid any errors that would lead to negative consequences
Experience with computers and statistical modeling software
Knowledge of business and financial concepts
Organizational skills to keep track of multiple projects or cases at a time

Benefits

What do we offer?

Medical, Dental, and Vision benefits.
Supplemental life insurance policies for you and your dependents
Long term disability insurance
Flexible Spending Account (FSA)
Employer paid life insurance
Retirement plans: Employer match, 401(k) and Employee Stock Ownership Plan (ESOP)
Metro-link Reimbursement
Career Path Opportunities
Onsite Gym with group Yoga and Pilates; classes
UKG Wallet (access to your pay before payday)
Tickets at Work- Discounts on parks, museums, movie tickets and much more
AT&T Wireless Discounts
Midway Rent a Car- Rental car Discounts
Dell Member Purchase Program

Acknowledgement

We are an equal opportunity employer and do not unlawfully discriminate in employment. No question on this application is used for the purpose of limiting or excluding any applicant from consideration for employment on a basis prohibited by local, state, or federal law. Equal access to employment, services, and programs is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify a representative.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.

Knight Management Insurance ServicesVerified Employer

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Risk Analyst

Risk Analyst