General Description:
This individual will support all our current and future states in all product lines of insurance by accessing data, performing rate reviews, reserve analysis, and other actuarial studies; preparing rate filings and responding to inquiries from regulatory departments; and working with accounting, external actuaries, consultants, and auditors.
Essential Duties and Responsibilities:
Perform various Pricing projects, including but not limited to quarterly rate adequacy reviews, internal rate indicators, and analysis of internal and external data.
Support and develop Pricing tools, and advances Pricing methodology in terms of data capture and analysis.
Prepare rate filings for current and future states and lines of business.
Assist in preparation of rules and rate manuals.
Interact as needed with relevant regulatory authorities on filings.
Assist in competitor analysis for rating plans, rates, products, and forms.
Perform various Reserving analyses and projects, including but not limited to quarterly reserve reviews and monthly IBNR rollforwards.
Support and develop Reserving tools, and advances reserving methodology in terms of data capture and analysis, design, and implementation of new processes.
Work with accounting, external actuaries, and auditors to provide accurate data, provide reconciliations and assist with calculations, resolve discrepancies and assist in any way necessary to assist in the completion of accurate financial statements with the Statement of Actuarial Opinion.
Provide data in support of actuarial, product, and underwriting, and reserving initiatives.
Perform data manipulation, analysis, and automation, including but not limited to data cleansing and automated reporting.
Ensure that data is correct, consistent, and robust. Perform proper data validation and reconciliation exercises.
Practice appropriate spreadsheet and data stewardship: Organize and document data, data sources, and calculations in such a way that it can be easily reviewed by a peer or external party.
Keep manager and team informed of activities and situations which will impact the achievement of corporate and department goals and objectives.
Keep up to date on the insurance environment, regulatory changes, social influences, and new actuarial and data methods. Be proactive in revising approaches and methods to continually improve all our work products.
Perform other duties as requested.
Supplemental Information:
This job description has been prepared to indicate the general nature and level of the work that the employees perform within their classification. This description is not and cannot be interpreted as an inventory of all the duties, tasks, responsibilities and qualifications required for the employees assigned to this job.
Education and Experience:
A Bachelor’s degree in related field.
Minimum of five (5) years of actuarial experience, with homeowner’s experience preferred.
Excellent communication skills, both written and oral.
Effective presentation skills.
Work extremely well independently.
Must possess strong work ethic and be a team player.
Proficiency in Microsoft Word, Excel, Access, and Power Point.
Strong data and programming experience in an insurance environment is desired.
Proficient knowledge of SQL, MySQL, Oracle, or similar database languages is desired.
Proficient knowledge of R, Python, VBA, or similar programming languages is desired.
Licenses and/or Certifications:
Successful completion of at least two (2) actuarial exams. Commitment to continue towards ACAS /FCAS is desired but not required.
