Senior Actuarial Analyst
Senior Actuarial Analyst
Senior Actuarial Analyst
Purpose:
Under limited supervision, responsible for developing loss costs and other rating plans based on moderately complex actuarial and quantitative analyses.
Job Responsibilities:
- Perform market research on industry benchmarks and current events
- Analyze data to perform research and analyses in developing loss costs and other rating factors for new or existing products
- Communicate status of current projects within actuarial team and participate in demos for stakeholders
- Perform countrywide loss cost reviews for a line of business, analyzing assigned rating components, providing support and recommendations through collaboration with more senior actuaries and business partners
- Work collaboratively to share insights and knowledge within the actuarial department and other functional areas.
- Execute actuarial test plans and document results
- Utilize actuarial techniques and applicable analytic tools to improve and innovate ways of analyzing data
- Participate in development of business recommendations and analysis of strategies
- Lead projects within Actuarial Services (i.e. conduct R&D on a new data source, test out a different actuarial methodology or technique, or handle compliance issues with actuarial impact)
- Abide by AAIS Actuarial Policies & Procedures
- Participate in and abide by the AAIS Actuarial Development Program while actively pursuing ACAS/FCAS credentials
Knowledge, Skills and Abilities:
- Perform complex analytical work under limited supervision
- Strong intellectual curiosity to continually advance actuarial knowledge and skills
- Strong written and verbal communication skills and the ability to communicate with clarity and effectiveness across the business.
- Multi-faceted problem-solving abilities – comfortable with learning and using new data procedure, techniques and analytic tools.
- Effective time management skills and adherence to deadlines.
- Ability to learn additional tools that aid actuarial work (e.g., SQL, catastrophe modeling software, RStudio, Python, SAS, etc.).
- Strong initiative, flexibility, and ability to embrace and drive change.
Requirement:
- Bachelor’s degree in mathematics, actuarial science, statistics, or other relevant fields.
- 4-8 years of insurance experience and 4-6 CAS actuarial exams.
- Strong technical skills in Excel; proficiency in VBA, SAS, SQL or other database management languages strongly preferred.
- May provide direction to trainees/interns and/or technical assistance for projects
- Predictive modeling experience advantageous
Resumes to: