Position Summary
The Actuarial Associate I is responsible for developing managerial information based on actuarial and financial analyses. This will include data gathering and technical programming across various databases. As a member of the actuarial team, the job will focus on one or more of reserve analysis and reserve administration, pricing analysis or predictive modeling.
Principal Duties and Responsibilities:
- Compiles and categorizes data to assist in the development of actuarial formulations leading to the recommendation of pricing strategies and loss reserving.
- Documents and verifies data used to determine relationships, trends, and indications.
- Look for possible data issues.
- Possible examples include: developing rating plans, developing rates, indicating IBNR, financial forecasting, and participating in implementation.
- Utilizes internal and external data and tools to update existing actuarial analyses.
- Expands knowledge and application of basic actuarial techniques, procedures, and methodologies.
Decision-Making Authority/Accountability Level
- Under immediate to general supervision, exercises discretion and independent judgment within limited authority level while performing work of routine to moderate complexity.
Minimum Knowledge, Skill, and Ability Requirements
- Demonstrated proficiency with computer software including current Windows Operating System and Microsoft Office (specifically Microsoft Excel). Demonstrates a growing knowledge of data aggregation and analysis software.
- Must demonstrate a strong mathematical aptitude. General insurance knowledge is desirable.
- Must demonstrate strong communication and collaboration skills with colleagues at all levels.
- Capable of effectively presenting technical information to technical audiences with guidance.
Education and Experience
- Bachelor's degree required, preferably with emphasis in mathematics and statistics or similar background requiring modeling, programming, or quantitative analysis.
- Property and casualty experience not required.
- One or more actuarial exams completed is preferred
- General insurance knowledge is desirable.
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Equal Opportunity Employer
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