Actuarial Analyst II - P&C

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Prepare rate reviews and indications, including key actuarial assumptions, and communicate results to underwriting leadership through clear written summaries and presentations.
• Support rate filings and rate page development for workers’ compensation and other commercial lines, including responding to state regulator questions or objections.
• Affiliate with rate filing execution and governance by tracking review schedules, coordinating with Product Filings, and reviewing filings for completeness and quality.
• Test, validate, and support pricing tools and tables, including identifying test scenarios, validating downstream system impacts, investigating issues, and documenting results to support reliable implementation and ongoing use.
• Affiliate with predictive model support and analytics-driven initiatives by preparing and reviewing data, validating outputs, and helping ensure models align with pricing and underwriting objectives.
• Identify and implement opportunities to improve efficiency by automating recurring reports, testing processes, and manual workflows using Excel, SQL, VBA, and emerging AI-enabled tools.
• Build and maintain documentation to support repeatable analytical processes, testing standards, and smooth handoffs as tools and workflows evolve.

Additional 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, 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.
• Affiliate with 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.
• Affiliate with updating the Capital Model.
• Affiliate with assisting with 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

• 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.
• 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.

About The Team

• Accident Fund Insurance Company of America