General Summary
The Actuarial Analyst I position will participate in a broad variety of activities in support of a dynamic, expanding actuarial function in EMPLOYERS. This position compiles and analyzes company and industry data in support of actuarial functions like the development, pricing, control and administration of products offered by the company, in the estimation of current and future company assets and liabilities, and in the preparation of financial statements and other reports. We are an innovative company, actively looking for ways to deliver insurance coverage more efficiently. We expect this position to bring creative insights and a strong work ethic to move our actuarial initiatives forward.
Essential Duties and Responsibilities
- Complete assigned standard actuarial analysis under close guidance, using basic actuarial techniques. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides.
- Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and effectively communicate project progress and status to relevant parties.
- Provide information and explanations to peers and team members as needed.
- Demonstrate effort in learning about EMPOYERS and the Work Comp industry.
- Demonstrate self-awareness and relate well to fellow team members.
Pricing Focus:
- May assist in preparing actuarial analysis and support, on some of the following:
- Rate indications
- Profitability Reviews
- Development of new insurance products
- Preparation and defense of rate and rule filings
- Development and maintenance of pricing tools and dashboards
- Transactional pricing/loss rating for large accounts
- Analysis to determine the Budget Loss Ratio, and other Financial Plan components
- Progressively demonstrates increasing knowledge in various areas listed above
Reserving Focus:
- May assist in preparing actuarial analysis and support, on some of the following:
- quarterly loss reserve analysis, on a gross and net-of-reinsurance basis
- company balance sheet liabilities
- quarterly/annual financial statements, including exhibits and reports
- quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment
- audit request materials
- data calls for NCCI, WCIRB, and other bureaus
- requests from actuarial pricing (in the preparation of rate indications, profitability reports, and other applications) and other units
- Progressively demonstrates increasing knowledge of the projects listed above, in addition to:
- internal and external (bureau) data sources
- actuarial methods.
Background and Experience/Expertise
- Must have a solid working knowledge of Excel, Word and PowerPoint.
- A current knowledge of or a capacity for learning to use other software products such as SQL, VBA, R, Python and/or commercial pricing and reserving tools is expected.
- Must be detail oriented and capable of working with close, but gradually less, supervision.
- Must be diligent and able to effectively follow direction in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management.
- Must work well in a team-oriented, collaborative environment.
- Must possess effective written and verbal communication skills.
Certification
- Successful completion of one or more exams towards attaining ACAS/FCAS or equivalent certification is strongly preferred.
Education
- Must have a bachelor's degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business.
- Master's degree or higher is a plus.
Work Environment:
- Remote: This role is remote, and only open to candidates currently located in the United States and able to work without sponsorship.
- It requires a suitable space that provides a private and quiet workplace.
- Expected Work Hours: Schedules are set to accommodate the requirements of the position and the needs of the organization and may be adjusted as needed.
- Travel: May be required to travel to off-site location(s) to attend meetings, as necessary
Salary Range: $60,000 - $90,000 and a comprehensive benefits package, please follow the link to our benefits page for details! https://www.employers.com/careers/our-benefits-and-perks/
About EMPLOYERS
As a dynamic, fast-growing provider of workers' compensation insurance and services, we are seeking a goal-oriented individual willing to put their ideas to work!
We offer a positive, challenging work environment, combined with an opportunity to build your career as you help us grow our business, in innovative and imaginative ways that are uniquely EMPLOYERS!
Headquartered in Nevada, EMPLOYERS attributes its long-standing success to its most valuable resource, our employees across the United States. EMPLOYERS is known for the quality service and expertise we provide to our clients, and the exemplary work environment we provide for our employees.
We live and breathe our core values: Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment. These are the pillars that support how we do business with our clients as well as how we treat each other!
At EMPLOYERS, you'll discover an energetic environment that inspires top achievement. As "America's small business insurance specialist", we have the resources, a solid reputation and an expanding nationwide identity to enrich your work/life and enhance your career. #LI-Remote