About the Role:
At the WCIRB, the Associate Actuarial Research Analyst is part of an innovative team that applies new methodologies and data to answer traditional actuarial questions. We bring curiosity to our work, plan time for exploration into each project, and expect everyone involved to suggest new approaches to our research questions. At the same time, we promote a healthy work/life balance that includes a hybrid work schedule and the availability of a compressed work week.
The Workers' Compensation Insurance Rating Bureau of California (WCIRB) is California's trusted, objective provider of actuarially-based information and research, advisory pure premium rates, and educational services integral to a healthy workers' compensation system. The WCIRB is a California unincorporated, private, nonprofit association comprised of all companies licensed to transact workers' compensation insurance in California, and has over 400 member companies. No state money is used to fund its operations. The operations of the WCIRB are funded primarily by membership fees and assessments.
To accurately measure the cost of providing workers' compensation benefits, the WCIRB performs a number of functions, including collection of premium and loss data on every workers' compensation insurance policy, examination of policy documents, inspections of insured businesses, and test audits of insurer payroll audits and claims classification.
We work on a range of workers’ compensation topics including research into the optimal form of our innovative experience rating plan (Experience Rating Plan (wcirb.com)) and deeper dives into drivers of workers’ compensation costs as in our annual Geo Study (WCIRB Geo Study | WCIRB California).
The WCIRB employs approximately 175 people. The home office is located in San Francisco, California.
Note: this position may be filled at the Actuarial Research Analyst level depending on candidate’s experience and number of CAS exams passed.
Essential Duties and Responsibilities:
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Compiles data sets for research projects using R. Downloads data from data warehouses and compiles data from other sources for analysis in spreadsheets (such as Excel) or statistical or specialized software (such as R).
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Compiles and maintains databases from internal and external sources and updates regularly published reports and analyses.
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Proofs and audits data for accuracy, reasonableness, and suitability. Identifies outliers and other anomalous patterns and brings these to the attention of the Vice President, Research.
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Performs more complex research, statistical and other analyses under guidance of the Vice President, Research.
Education, Experience, and Skill Qualifications:
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Bachelor of Science degree, preferably in mathematics, statistics, actuarial science, data science, economics or a related field.
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Completion of at least one Casualty Actuarial Society examination or comparable educational experience.
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At least one year of experience in an office environment or a prior Actuarial internship preferred.
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Proficiency in programming with SQL, R or Python.
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Proficiency in at least two of the following three areas: applied statistics, economics and finance (beyond a college sophomore level), or programming (in a language such as R, Python or C++). Proficiency may be demonstrated by passage of appropriate Casualty Actuarial Society examinations, college credit or satisfactory demonstration to the Vice President, Research.
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Proficiency in Microsoft Office suite.
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Excellent oral and written English skills including the ability to understand understand complex and nuanced instructions in preparing research databases.
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Ability to clearly communicate findings, issues, and recommendations to co-workers. Must be able to communicate both verbally and in writing in a professional manner.
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Strong listening and interpersonal skills.
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Ability to work collaboratively on projects.
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Able to work independently with occasional supervision.
Qualifications
To perform this job successfully, the individual must be able to execute the tasks discussed in this job description. The requirements listed below are representative of the knowledge, skills and/or ability required. Reasonable accommodations, as required by ADA, may be made to enable individuals with disabilities to perform the essential functions.
Physical Demands
The physical demands described in this section are to be representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations, as required by ADA, may be made to enable individuals with disabilities to perform the essential functions.
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Job requires both sitting at a workstation (90%) and moving about the office (10%)
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Majority of time spent at a PC using keyboard and/or mouse.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Sometimes highly paced, high stress environment.
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Job requires performing multiple tasks concurrently.
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Requires a cooperative and collaborative inclination.
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Work requires attention to detail, follow-through, and analysis of collected information.
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Extended hours may be required during major project deadlines.
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Option for compressed work week available.
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The Associate Actuarial Research Analyst will reside in the State of California with an expectation of being in-office 40% of the time.
Perks & Benefits
At WCIRB, we offer a cutting-edge, energy-efficient workspace that encourages collaboration and creativity.
We prioritize employee satisfaction and well-being and are proud to be recognized as a finalist for Plan Sponsor of the Year due to our strong retirement readiness programs.
Some of our benefits and perks include:
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Hybrid work environment (40% / 60% remote)
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Allocations for continuous learning & development
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Allowance for wellness & fitness programs
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Medical, dental and vision benefits
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Commuter benefits
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401K and pension plan
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Annual incentive plan
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Social activities
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Community volunteer involvement
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Ten paid company holidays
Equal Opportunity Statement
WCIRB is an equal opportunity employer committed to an inclusive workplace that fosters belonging. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, age, genetic information, or any other basis prohibited by law. We also consider qualified applicants with criminal histories consistent with applicable federal, state, and local law.
We are NOT able to pay for relocation costs for candidates or to sponsor or take over sponsorship of an employment Visa at this time. Thank you for your interest in the WCIRB!
