Risk Analyst at Hankey Group in Los Angeles, CA

Summary: Hankey Group is a leading insurance carrier seeking a Risk Analyst to join their team in Los Angeles. The role involves evaluating risk, estimating losses, and assisting in the quantitative review of rates across various programs, with a focus on analyzing insurance industry data to identify trends and insights. Responsibilities: - 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 Required Qualifications: - 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 Preferred Qualifications: - Prior experience in insurance Required Skills: Actuarial methods, Statistics, Probability, Calculus, Statistical modeling software, Insurance domain knowledge, Business concepts, Financial concepts Benefits: 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