Job Description

This intermediate analyst position is responsible for supporting the Company’s actuarial functions. The core actuarial functions include pricing, reserving, reinsurance analysis, and forecasting. Additional responsibilities include management reporting, competitor analysis, strategy support, financial data calls, and other ad hoc projects. This position requires the understanding of insurance and business operations within Emerging Markets including, AF Group and COBX.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Independently gather and organize data and perform analyses for pricing, loss reserving, product development, reinsurance, capital management, and/or other financial or business purposes. Make recommendations and present findings to appropriate audiences.
• Complete rate review analyses including calculation of rate indications and various actuarial assumptions, communicating to underwriting leadership in both written and presentation formats. Lead rate review meetings and facilitate decisions.
• Independently compile rate pages and rate filing support for workers compensation and/or other lines of business. Respond to questions or objections from state insurance departments.
• Provide oversight for the rate filing process including monitoring of the rate review schedule and working with Product Filings on timelines and procedures. Monitor quality of rate filings.
• Provide commentary for various reports. Monitor management reporting metrics and report on unexpected variances. Participate in the development of new reports and tools for the department.
• Monitor deployment of predictive models.
• Independently update assumptions, parameters, and formulas in pricing and reserving tools.
• Combine data from multiple sources to fulfill financial data call reporting requirements. Use bureau tools and forms to validate and submit financial call data. Research and resolve rating bureau inquiries, criticisms, and error reports related to financial data calls using appropriate combination of explanation and error correction
• Assist Regulatory Reporting for Financial Calls requiring Actuarial assistance. Review data and processes that impact financial data call reporting, recommend improvements, and implement solutions.
• Complete quarterly reserve analyses for assigned segments, and statutory schedules (Schedule P, Schedule X) as required.
• Assist with updating the Capital Model.
• Perform ad hoc projects as required. Meet required deadlines. Document work performed.
• Represent Actuarial in meetings with business partners.
• Exercise discretion when communicating outside of the department and maintain confidentiality of information processed as appropriate.

EDUCATION AND EXPERIENCE

• Bachelor’s degree required, preferably in actuarial science, mathematics, or a related field.
• Successful completion of at least three (3) CAS examinations is required.
• A minimum of two (2) years of actuarial experience required, preferably in the P&C industry.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

OTHER SKILLS AND ABILITIES

• Ability to apply the principles of logical thinking to define problems, collect data, identify trends and draw conclusions.
• Excellent oral and written communications skills, with the ability to communicate actuarial concepts and conclusions to non-actuaries.
• Comfortable leading meetings and facilitating discussion.
• Ability to manage multiple priorities, establish workflows, and meet necessary deadlines.
• Ability to perform actuarial and statistical analyses.
• Strong working knowledge of Microsoft Excel, Outlook, Word, and PowerPoint. Programming skills in SQL and/or statistical software (e.g. R, Python) preferred.
• Ability to work both independently and as part of a team.
• Knowledge of actuarial principles and practices, underwriting and claims practices is preferred.

ADDITIONAL INFORMATION

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment.

WORKING CONDITIONS

PAY RANGE

“Actual compensation decision relies on the consideration of internal equity, candidate’s skills and professional experience, geographic location, market and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $70,600 and $118,300.”

We are an Equal Opportunity Employer. We will not tolerate discrimination or harassment in any form. Candidates for the position stated above are hired on an "at will" basis. Nothing herein is intended to create a contract.

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