Actuarial Analyst

Job Description

Depending on team assignment, responsible for learning and utilizing various actuarial techniques and procedures, to include but not limited to:

• Analyze data, develop material, and prepare appropriate communications
• Compile and organize data for actuarial review
• Prepare reports, proposals, system documents, filing support and documentation files
• Provide support to projects as required
• Develop pricing and/or reserving for current and/or new property/casualty insurance coverage and products
• Formulate and interpret mathematical ratemaking and/or reserving models using available tools
• Assist with or handle as needed ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products
• Support state and regulatory filings and respond to inquiries from auditors/DOIs
• Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications, and special projects
• Begin to apply actuarial methods and principles to obtain indications, complete projects, analyze results, and make recommendations
• Research suitable trend indications for analysis
• Communicate effectively with others in a work environment and make oral presentations to business units
• Represent the department on inter-department teams
• Prepare narratives explaining the results of quarterly reserve analyses
• Prepare reports for reserve comparisons with independent third-parties.

Supervisory Responsibilities

None

How You Will Benefit

Actuarial Analyst will earn a competitive salary of $65,000 - $80,000 annually with annual bonus potential based on performance. Excellent and comprehensive benefits packages are just another reason to work for the Auto Club Group. Benefits include: 401k Match, Medical, Dental, Vision, PTO, Paid Holidays, Tuition Reimbursement.

Required Qualifications

• Education: Bachelor’s degree in Mathematics, Actuarial Science, Statistics or a related field
• Successful completion of one or more actuarial examinations either prior to or within 18 months of date of hire
• Maintain eligibility in the Actuarial Professional Development Program following department guidelines
• Experience in: Performing research and statistical analysis to complete assignments
• PC software applications (e.g. Word, Excel, PowerPoint, etc.)
• Knowledge of: Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions

Preferred Qualifications

• Knowledge of: Insurance industry terminology and concepts
• Experience using R, Python or SQL