Who We Are
Chesapeake Employers’ Insurance Company is a purpose-driven organization dedicated to improving the lives and livelihoods of our policyholders, injured workers, team members, and the community. As a leading workers' compensation specialty insurer in the mid-Atlantic region, we take pride in being a force for good. Our 350 team members are committed to making a positive impact every day in the lives of all our stakeholders. Join our motivated, professional team as we foster a culture of values, teamwork, innovation, and collaboration. Established in 1914, Chesapeake Employers Insurance, headquartered in Towson, Maryland, has over a century of experience, a strong financial foundation, and an "A" rating from AM Best.
Position Summary:
Provides analytical support for actuarial, predictive modeling, and business analytics initiatives that inform underwriting, pricing, reserving, and financial decision-making.
Collaborates with business intelligence, data engineering, actuarial, and external business partners to support predictive model performance, regulatory reporting, actuarial analyses, and enterprise reporting capabilities. Utilizes data, reporting, and analytical tools to evaluate trends, improve business insights, and support organizational objectives related to risk management, operational performance, and profitability.
Duties and Responsibilities:
- Contributes to the achievement of established department goals and objectives; adheres to departmental policies, procedures, quality, and safety standards as applicable, and consistently exhibits Chesapeake’s Values and Behaviors.
- Leads monitoring, analysis, reporting, and communication of underwriting predictive model outcomes, including model recalibrations, feature updates, performance tracking, and evaluation of return on investment.
- Supports the development and implementation of predictive models, including deployment strategies, integration into business workflows, organizational change management, and ongoing performance monitoring.
- Assists in the review and assessment of the quality and completeness of data submitted for reserving, ratemaking, and regulatory reporting activities.
- Supports underwriting portfolio segmentation, large account pricing analyses, sold-to-indicated price monitoring, and other actuarial and underwriting analytical initiatives.
- Performs actuarial analysis and calculations related to policyholder, individual, and safety group dividend programs.
- Supports preparation of statutory reporting, including Schedule P, reserve analyses, annual statements, rate filings, and related actuarial documentation.
- Collaborates with Finance and other business partners to support reinsurance monitoring, reporting, and billing activities.
- Partners with business intelligence analysts, data engineers, and IT professionals to understand data structures, optimize reporting capabilities, and improve data quality.
- Supports reserve reporting, pricing analyses, and regulatory reporting initiatives through research, analysis, and data validation.
- Develops reports, analyses, and executive-level insights to support management decision-making.
- Other duties and project work as assigned.
Knowledge, Skills and Abilities:
- Knowledge of actuarial concepts, predictive modeling techniques, and statistical analysis methodologies.
- Proficiency in SQL and data analysis tools used to query, validate, and analyze large datasets.
- Strong analytical, critical thinking, and problem-solving skills.
- Ability to communicate complex analytical findings clearly and effectively to both technical and non-technical audiences.
- Strong project management and organizational skills with the ability to manage multiple priorities.
- Knowledge of data management principles, reporting methodologies, and business intelligence concepts.
- Ability to summarize and present financial, actuarial, and operational data with actionable conclusions and recommendations.
Minimum Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Economics, Finance, or a related analytical field.
- Three (3) or more years of experience in actuarial analysis, business analytics, predictive modeling, data analytics, or related analytical work.
- Experience working with data analysis and reporting tools.
- Effectively utilizes technologies and tools, including Microsoft 365 and role-specific platforms, to support productivity and efficient work practices.
Preferred Qualifications:
- Property and casualty insurance experience.
- Experience supporting predictive modeling, actuarial analysis, business intelligence, or advanced analytics initiatives.
- Experience working with statistical modeling, reporting, or data visualization tools.
- Progress toward actuarial credentialing or related professional certifications preferred.
Physical Demands:
This job description is intended to describe the general nature and level of work being performed. It is not an exhaustive list of all responsibilities, duties, and skills required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of the job, the teammate is regularly required to sit, use hands to fingers, handle or feel objects, tools or controls; reach with hands and arms. The teammate is occasionally required to stand, walk, stoop, kneel, crouch or crawl. The teammate may occasionally lift up-to 30 pounds. Specific vision abilities are required, which include, close vision, peripheral vision and the ability to adjust focus.
When in office, able to work in an office environment where the noise level is moderate.
What We Offer
We offer a competitive benefits package that includes health, vision, and dental coverage, a robust PTO plan, an 8% employer contribution to retirement regardless of team member contribution, educational assistance, and opportunities to participate in team member appreciation events. Additionally, we provide STD, LTD and group life insurance 1X a team members salary. You'll also enjoy free tickets to community attractions, all part of our commitment to providing a high quality of work life. You will have the flexibility to thrive in a hybrid work environment and an opportunity to participate in development and volunteer programs.
