Job Type:
Full time
Exempt/Non Exempt:
Salary
Job Description:
Location Details:
Remote
Position Schedule / Shift:
Monday – Friday, 8am – 5pm
Position Summary:
The Senior Actuarial Analyst II provides both advanced and complex risk assessments, sophisticated data analysis and advanced financial forecasting within the actuarial team. Depending on team assignment, develops complex models and manipulates data for pricing and/or reserving products for current and new property/casualty insurance coverage and products. Design, develop and generate essential reports and provide recommendations to leadership.
Depending on team assignment:
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 recommendations for improving methods, analysis and data gathering techniques used by the actuarial teams
Present project data, results and recommendations to management and senior leaders
Provide consultation and clarification regarding complex actuarial and risk assessment models
Provide instruction in basic actuarial methods and techniques to junior analysts
Formulate and interpret complex mathematical rate making and/or reserving models using available tools
Perform 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
Research suitable trend indications for analysis, providing material and oral support to recommendations made to management
Performs actuarial adjustments to meet the analysis purpose
Lead projects and/or assignments as required
Coordinate and execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive, or unfairly discriminatory and internally consistent with experience
Provide complex level analysis and preparation of competitive product and rate comparison reports
Analyze competitor’s rate structures and coverage
Develop and prepare competitor rate manual analysis
Supervisory Responsibilities:
None
Qualifications:
Required
Education:
Bachelor’s degree in Mathematics, Actuarial Science, Statistics, or a related field
Successful completion of five or more actuarial examinations
Maintain eligibility in the Actuarial Professional Development Program following department guidelines
Extensive experience in:
Minimum of four years of experience in an actuarial environment to include the following:
Pricing or reserving property and casualty insurance products
Formulating and interpreting mathematical rate making or reserve models
Analyzing technical studies and data and drawing sound conclusions
Performing research and statistical analysis to complete assignments
PC software applications (e.g., Word, Excel, PowerPoint, etc.)
Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions
Coordinating and executing projects
Preparing reports and exhibits for management review
Modeling and complex quantitative analysis resulting in sound recommendations
And
Experience in three or more of the following
Expertly preparing property and casualty rate filings
Proficiently preparing property and casualty regulatory filings and statements
Preparing advanced competitive product and rate comparison analysis reports
Completing intricate actuarial research relating to insurance operations
Leading development, implementation, or enhancements to rating plans or reserving methods
Performing in-depth analysis methods such as classification, inflation, and tail factor
Preferred
Education:
Master’s Degree in Mathematics, Actuarial Science, Statistics, or related field
Experience:
Experience with Commercial Lines
Work…