Job Description

Why Paragon?In 2014, Paragon was incepted in a Starbucks coffee shop with a simple strategy — build the MGA that we would want to work for. Years later, Paragon is one of the fastest growing MGAs in the country. Our secret? A dedication to diversity and agility. We realized from the start that a commitment to thinking, acting, and rewarding “different” would resonate within the industry. It is hard to argue with results, and the results are clear. Our diverse team of talent is reshaping an industry that has weathered “boring” and is long overdue on “different.” Whether it comes by offering better pay, benefits or growth opportunities, we will continue to aggressively invest in talent to drive our business forward. Change is here, come be a part of it with us.

Formed as a broadly diversified MGA, Paragon supports retail agents and insurance carriers, and reinsurers with our strong underwriting talent, broad capabilities, sophisticated operations, and varied business interests. Our goal: To help our partners do business better. And we do.

The Actuarial Analyst will work a hybrid schedule from our Avon CT office.

We are looking for an entry level Actuarial Analyst with exposure to actuarial knowledge/CAS Exams/college coursework/prior related internship to join our team. This role relies heavily on analytical skills, actuarial methods/techniques, and an understanding of commercial insurance to analyze data, reconcile data, and turn data into useful reports/dashboards to aid program managers and underwriters in decision making. Other responsibilities include monthly/quarterly reporting, providing ad-hoc support, and verifying the validity of data sources. Successful candidates will be those who demonstrate exceptional critical thinking, possess an ability to work effectively with those from other disciplines, and can communicate complex findings effectively.

Responsibilities

• Knowledgeable in actuarial fundamentals, principles and practices including, but not limited to
  • Various loss development techniques, on-leveling, trend, excess factors, etc.
• Perform program profitability analyses on a quarterly / bi-annual basis
• Maintain monthly rate/retention reporting and quarterly Actual versus Expected report
• Maintain/enhance various rating templates in Microsoft Excel
• Produce quarterly renewal rate change targets for various programs
• Initiate and/or participate in process improvements to streamline existing tasks or improve the actuarial product.
• Assist in gathering market intel via SERFF public access
• Partner with data operations team in building/improving various dashboards
• Perform ad-hoc analyses based on program manager requests
• Other duties as assigned

Requirements

• 1 to 3 years of relevant actuarial exposure/knowledge (including internships, college course work)
• BS/BA degree preferred
• 1 to 3 exams from CAS/SOA
• Strong communications skills with ability to influence decision making and actions as needed
• Strong Microsoft Excel skills required / Microsoft SQL skills preferred / VBA knowledge a plus
• Knowledge of various reinsurance arrangements a plus
• Successful with time management and the ability to multitask as well as work independently
• Limited travel expected / required

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. Discretionary incentive compensation may be awarded. Jencap also offers a range of benefits and programs, based on eligibility, which currently include but are not limited to; comprehensive health care coverage, a 401k plan, and tuition reimbursement. Jencap is an emerging and rapidly growing leader in the industry and as such, we approach talent acquisition as an opportunity to identify the best talent. Therefore, the level of the role and compensation may vary depending upon the best available candidate.

Ready to have your voice heard, your talents properly utilized and to become a valued part of a rapidly growing organization? You’re in the right place.

Paragon is a dynamic, bold, and tenacious company. Join us as we continue to chart new paths, open doors and grow together.

Paragon is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or citizenship status, sexual orientation, gender identity or expression, pregnancy, marital or familial status, disability status, medical condition, genetic information, military or veteran status, political affiliation, or any other characteristic protected by lawWe are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard, as we believe that that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.