Senior Actuarial Analyst - P&C

Overview

This position supports the organization’s actuarial functions, including pricing, reserving, reinsurance analysis, and forecasting. Additional responsibilities include management reporting, competitor analysis, strategy support, financial data call reporting, and other ad hoc projects. The role requires understanding insurance and business operations within Emerging Markets, including AF Group and COBX.

Responsibilities

• 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; communicate results to underwriting leadership in written and presentation formats.
• Lead rate review meetings and facilitate decisions.
• Independently compile rate pages and rate filing support for WC and/or other lines of business; respond to questions or objections from state insurance departments.
• Provide oversight for the rate filing process, including monitoring 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 unexpected variances.
• Lead development of new reports and tools for the department.
• 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 explanation and error correction.
• Provide oversight for the premium and loss projection process; work with leadership on underlying assumptions and create documentation; review projection files for accuracy and communicate results to appropriate audiences.
• Perform quarterly reserve analyses; identify loss trends and investigate underlying drivers.
• Maintain and update Large Account Pricing tools; work with developers and IT, Data Analytics, and support users with technical needs and guidance on referrals.
• Perform ad hoc projects with little direction.
• Work with the field on deployment of underwriting predictive models.
• Serve as a liaison for the Actuarial department with other departments; represent Actuarial on corporate projects.
• Work with outside actuaries and/or consultants on various projects.
• Assist in reinsurance studies, including pricing and commutation studies.
• Support Capital Model maintenance and the Capital Management Committee; develop and maintain risk-adjusted performance metrics.
• Provide guidance and mentor other analysts and interns.
• Work with minimum supervision and exercise significant discretion and independent judgment.
• After attainment of the ACAS designation: maintain good standing with the Casualty Actuarial Society (CAS), complete annual CE requirements and attest with the CAS as required, and follow the Code of Professional Conduct and all relevant actuarial standards of practice.
• Pursuit of the FCAS designation is optional.

Requirements

• Bachelor’s degree required, preferably in actuarial science, mathematics, or a related field.
• Successful completion of at least four (4) CAS examination is required.
• Minimum of three (3) years of actuarial experience required, with at least two (2) in the P&C industry.

Preferred Qualifications

• Programming skills in SQL and/or statistical software (e.g., R, Python) preferred.

Knowledge, Skills, and Abilities

• Excellent presentation and facilitation skills.
• Demonstrated leadership and project management abilities.
• Ability to make competent, independent decisions.
• Excellent oral and written communication skills, including communicating actuarial concepts and conclusions to non-actuaries.
• Ability to manage multiple priorities, establish workflows, and meet necessary deadlines.
• Knowledge of actuarial principles and practices, underwriting and marketing guidelines, and claims practices.
• Ability to perform actuarial and statistical analyses.
• Strong working knowledge of Microsoft Office Suite.
• Ability to create financial and actuarial models with little direction.
• Ability to work independently and as part of a team.

Compensation & Benefits

• Pay range: $90,000 to $120,000.
• Actual compensation decision depends on internal equity, the candidate’s skills and professional experience, geographic location, market, and other potential factors. Offers may not be at or near the top of the range.

Location & Working Conditions

• Work performed in an office setting with no unusual hazards.

Equal Employment Opportunity

• Equal Opportunity Employer. No discrimination or harassment.
• Candidates are hired on an “at will” basis. This job description does not constitute a contract for employment.