Responsible for supporting various actuarial analyses, including reserve analysis, loss experience analysis, pricing, rate filings, and assessments of program profitability and performance. Additionally, responsible for addressing actuarial and finance-related inquiries concerning a comprehensive range of property and casualty insurance products, as well as credit life and related insurance products.
Minimum Qualifications:
- High school diploma or equivalent work experience.
- Bachelor’s Degree in Actuarial Science, Finance, Mathematics, Risk Management or Accounting highly preferred.
- 2+ years of experience working with Property & Casualty insurance products.
- Pursuit of actuarial designation of Associate or Fellow (Casualty Actuarial Society).
- Successful completion of 3+ actuarial exams.
- Strong organizational and prioritization skills.
- Strong written and verbal communication skills.
- Ability to think creatively, highly-driven and self-motivated.
- Advanced Microsoft Excel and Access (or other data querying tool) skills.
- Proficient in SQL.
- Progress toward attainment of actuarial designation of Associate or Fellow (Society of Actuaries or Casualty Actuarial Society)
Primary Job Functions:
- Perform analysis of new opportunities including projecting initial expected loss ratios.
- Present results to underwriters and other key stakeholders.
- Recommend underwriting actions to improve profitability of new and existing programs.
- Provide support for rate filings; respond to internal inquiries and objections from state DOIs.
- Assists with Quarterly loss reserve/claim reserve review for several statutory companies.
- Assists with analytics including program performance monitoring and rate change on renewal calculations.
- Enhance quarterly data collection and reporting process used by actuarial to present findings to key stakeholders including underwriting, claims, and management.
- Familiarity with data intelligence tools such as Oracle and Toad a plus.
- Provide data to and support independent actuarial consultants who perform quarterly Life Insurance and Property & Casualty actuarial analyses.
- Other duties as assigned.
The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.
Skills & Competencies Required:
- Positions require a theoretical and conceptual knowledge of a technical / functional specialization.
- Problems are typically solved through high level technical analysis.
- Strong organizational and prioritization skills.
- Strong verbal and written communication skills.
- Ability to think creatively, highly-driven and self-motivated.
Additional Information:
Full benefit package including medical, dental, life, vision, company paid short/long term disability, 401(k), tuition assistance and more.
