Actuarial Analyst I (Commercial Lines)

About the role

Job Objective: The Product Actuarial Analyst I (Commercial Lines) will be responsible for pricing property and casualty insurance products with a focus on rate indications and profitability improvements. This involves compiling and interpreting both internal data and market data. Partner with business profit centers to support profitable growth goals and strategies. Duties will be performed with some guidance from the manager. The role offers a hybrid schedule at our Columbus, Ohio or Charleston, WV location. Candidates must reside and work within one of the following states: Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.

Responsibilities

• Develop rate indications following standard actuarial practices.
• Review specific components of rating plans using internal profitability data and competitive analysis.
• Calculate impacts of proposed rate, rule, and form changes.
• Prepare rate filings and work with state insurance departments as needed to gain regulatory approval.
• Track changes made by ISO and the Workers Comp rating bureaus.
• Present findings, predicted outcomes or implications, and recommendations to business partners.
• Support maintenance and development of actuarial pricing models.
• Provide clear documentation as part of governance processes.
• Perform ad hoc analyses or reporting to support business partners and provide actuarial background on financial results.
• Mentor and train technicians and interns.
• Perform other duties as assigned.

Requirements

• A B.A. or B.S. degree is required, with preference given to majors in mathematics, statistics, or actuarial science.
• A minimum of one year of actuarial experience is preferred.
• A minimum of two actuarial exams, with commitment to ongoing pursuit of actuarial credentials from the Casualty Actuarial Society, is preferred.

Skills

• Strong spreadsheet (Excel) skills.
• Programming experience preferred (SAS, SQL, R, Python).
• Developing strong analytical and problem-solving skills.
• Developing strong communication skills to relay complex technical material to a variety of audiences.
• Comfortable using AI and automation as part of daily work.
• Understanding of commercial lines products, pricing, and regulatory requirements.
• Ability to quickly research and synthesize state filings, circulars, and market changes.

Benefits

• Health, Dental & Vision Insurance
• Company-provided life and income protection plans
• Eligibility to participate in a company incentive bonus program
• 401(k) Retirement Plan - 100% company match up to 7% on annual salary
• Paid Time Off, Paid Holidays, and Floating Holidays
• Flexible Work Arrangements - Hybrid and remote depending on the role

Pay

Salary range: $61,742.00 - $98,788.00 annually + bonus + benefits. Pay Type: Salary.

Schedule

Hybrid schedule option at Columbus, Ohio or Charleston, WV location.