Full Time Stochastic Modeling Jobs (NOW HIRING)

At Gallagher Re, we’re looking for an Assistant Vice President to provide expert support to our Life and Health reinsurance clients. You’ll work with a variety of clients, including traditional health insurers, MGUs, employer stop-loss carriers, and providers. Your role will involve offering risk management advice, reinsurance pricing assessments, and recommendations for optimal reinsurance program structures. Group Life, Disability and Voluntary product client support may be included as well.

This is a dynamic role where you’ll develop trusted advisor relationships with clients, contribute to innovative solutions, and help enhance Gallagher Re’s actuarial tools and models. While Portland, ME is the preferred location, remote work will be considered for the right candidate.

You’ll assess client needs and provide tailored reinsurance program advice, including evaluating structures, setting objectives, and reviewing program performance. You’ll also contribute to client service and retention by delivering technical expertise and solutions for specific projects.

You’ll assist in developing and enhancing actuarial tools for data management, pricing analysis, stochastic modeling, and financial modeling. Additionally, you’ll support client ERM and ORSA programs by facilitating stress testing and summarizing results for ORSA report submissions.

Collaboration is key in this role—you’ll work closely with other Gallagher Re associates, including actuaries, brokers, rating agency advisory, ERM, and capital markets teams, to deliver exceptional service.

Here’s what you’ll bring to the role:

• Strong problem-solving skills with the ability to apply advanced mathematical and actuarial concepts.
• Proficiency in Microsoft Excel, R, Power BI, and other Gallagher Re proprietary software tools.
• Excellent interpersonal and communication skills to present analyses clearly and build strong relationships with clients and brokers.
• A strong work ethic with the ability to prioritize tasks and manage multiple projects under tight deadlines.
• A collaborative mindset and a willingness to learn and share knowledge.
• Moderate travel availability.

Required:

• Bachelor’s degree; 3 years related experience.

Desired:

• Membership of the Society of Actuaries (SOA) with a designation of Associate, Society of Actuaries (ASA), or membership of the Institute and Faculty of Actuaries (IFoA).
• Strong exam progress towards, or qualification as, Fellow Society of Actuaries (FSA) or Fellow of the IFoA (FIA or equivalent).

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

**The benefits summary above applies to fulltime positions. If you are not applying for a fulltime position, details about benefits will be provided during the selection process.

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Here’s what you’ll bring to the role:

• Strong problem-solving skills with the ability to apply advanced mathematical and actuarial concepts.
• Proficiency in Microsoft Excel, R, Power BI, and other Gallagher Re proprietary software tools.
• Excellent interpersonal and communication skills to present analyses clearly and build strong relationships with clients and brokers.
• A strong work ethic with the ability to prioritize tasks and manage multiple projects under tight deadlines.
• A collaborative mindset and a willingness to learn and share knowledge.
• Moderate travel availability.

Required:

• Bachelor’s degree; 3 years related experience.

Desired:

• Membership of the Society of Actuaries (SOA) with a designation of Associate, Society of Actuaries (ASA), or membership of the Institute and Faculty of Actuaries (IFoA).
• Strong exam progress towards, or qualification as, Fellow Society of Actuaries (FSA) or Fellow of the IFoA (FIA or equivalent).