OVERALL RESPONSIBILITIES:
The Product Actuary performs advanced analytics to facilitate decision-making regarding rates and rules for our portfolio of products. This role continuously monitors pricing trends and evaluates rate adequacy.SPECIFIC DUTIES:
- Develop state rate filings for all admitted products. Work with filings analyst to submit filings and secure insurance department approvals.
- Develop projections of likely operating results based on emerging trends, competitive conditions, and operational changes.
- Monitor, analyze, and report on reasons for variances in underwriting results.
- Continuously improve accuracy and efficiency of pricing and forecasting templates.
- Support business partners by providing interpretation of actuarial analyses, financial metrics, and rating programs.
- Provide supporting materials to secure regulatory approval of company rate and form filings.
- Support Underwriting process through analysis of claims, risk management, and predictive modeling results.
- Collect and analyzes historical data from various systems and management reports to draw valid conclusions and make recommendations.
- Perform a wide range of mathematical calculations.
QUALIFICATIONS, EXPERIENCE REQUIRED:
- Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS).
- Member of the American Academy of Actuaries.
- Minimum of five years of insurance industry experience.
- Demonstrated high level of problem solving aptitude.
- Strong written and verbal communication skills.
- Strong math aptitude.
- Experience with Medical Malpractice is a plus.
- Ability to work independently.
- Experience working with state departments of insurance to facilitate approval of rate and rule filings.
- Ability to manipulate large datasets with ease.
- Technical skills: SQL, Excel, VBA, R
Location: Atlanta Office
