Actuarial Analyst

Responsibilities

• Analyze internal and external data to adapt and develop intermediate rating methodologies for existing company products.
• Use intermediate techniques to incorporate new variables to gain competitive advantage and improve underwriting results.
• Utilize intermediate loss development and other methods to participate in determining incurred but not reported (IBNR) reserve estimates for profitability analyses.
• Produce regular monthly reports and analyses used in the financial close process and to improve underwriting results.
• Represent the needs of the actuarial department on cross-functional projects.
• Continuously seek to improve current reporting and actuarial processes.
• Participate in planning ultimate loss and loss adjustment ratios based on underwriting leadership plans and changes to underwriting guidelines.

Qualifications

• Bachelor’s degree in a related field (mathematics, business, finance, technical).
• 2+ years of experience in a data-related role with working knowledge of information systems.
• Minimum of 4 exams passed toward ACAS/FCAS designation offered by the Casualty Actuarial Society.
• Strong knowledge of MS Office tools (Excel, Outlook, Word, PowerPoint).
• Strong knowledge of VBA.
• Strong knowledge of SQL.
• Knowledge of the insurance industry and IT systems.
• PREFERRED: Intermediate knowledge of Power BI.
• PREFERRED: Intermediate knowledge of R and Python.
• Ability to adapt to changing priorities and environments.
• Strong problem-solving and communication skills.
• Strong organization skills with ability to multitask and prioritize multiple tasks at once.
• Ability to work outside normal work schedule to fulfill responsibilities.
• Ability to travel on an occasional basis.