Job Responsibilities:
- Collect, organize and analyze information to support selection of loss development factors and loss and loss adjustment expense liabilities. Identify and analyze significant changes and trends and seek operational reasons for the changes and trends through discussion with the VP, Lead Reserving Actuary and key personnel in Claims and Underwriting. Coordinate and implement the resulting reserves with Financial Reporting.
- Take ownership in analyzing the results and presenting findings to manager. Provides options to consider and recommendations for action. Is able to frequently reflect the impact that their decision will have on other company initiatives into their decision making or presentation of results.
- Prepare rate indications, analyzing specific components of rating, developing pricing proposals and calculating impacts on the Company's book of business. This includes analysis of any bureau rate/loss cost revisions. Perform loss evaluations to assist Underwriting with pricing large accounts. Provide rate filing support as necessary and understand rate filing requirements in all jurisdictions and lines of business.
- Take ownership in analyzing the results and presenting findings to manager. Provides options to consider and recommendations for action. Is able to many times reflect the impact that their decision will have on other company initiatives into their decision making or presentation of results.
- Technical and peer review of work product from co-workers.
- Create new reports and tools for improved data consumption throughout the organization. Appropriately consider the assumptions embedded in the tools and reports and identify proactively when assumptions should be reconsidered.
- Represents Actuarial & Risk team, working cooperatively with other departments on projects and in meetings.
- Assist with statutorily required statistical reporting.
- Performs special projects as directed by management and other related duties as required.
- Drive Key Metrics: You'll define and own KPI's to drive profitable growth within small commercial
- Data Driven Decision Making: You'll be expected to analyze data and propose adjustments based on the insights drawn from your analysis. You will be expected to influence the strategy and direction of the business groups you support.
- Work closely with underwriting, actuarial, and data/analytics partners to develop and execute market strategies, ensuring alignment and clarity of vision across the organization.
- Incorporate company, industry, and competitor information into strategic recommendations
In all of these functions, the expectation is the employee will be able to complete many of these tasks without manager feedback throughout the process. The manager or peer reviewer will review the work but not often make significant overhauls to the analysis. The employee in this role will proactively recognize the points in the project that require manager input.
Often, the employee will be expected to not just complete a task, but influence the outcome that it has on business strategy. They may be presenting their findings and recommendations within cross functional meetings or committees.
Qualifications/Competencies:
- Bachelor's degree in actuarial science, mathematics, statistics, finance, economics or related field.
- Completion of one or more actuarial exams.
- Excellent analytical, problem solving, decision making and oral and written communication skills.
- Ability to work independently and to initiate, prioritize, plan, coordinate, review and ensure completion of work within time requirements.
- Demonstrated ability to apply actuarial, business and insurance principles and practices, utilize effective research methods and synthesize, analyze and interpret complex information. Develop innovative approaches for resolving business issues and problems.
Work Location:
- This opening is for a fully remote position, which means that an employee may perform work remotely within one of the United States in which CopperPoint is a registered employer. There may be a delay in the start date if the chosen candidate resides outside of CopperPoint's current registered states.
Salary Range:
- $88,000.00 - $123,000.00 annually
- Compensation may vary depending on skills, experience, education, and geographical location.
- In addition to base salary, compensation may include an annual discretionary bonus.
Benefits:
- Employees and their families are eligible to participate in CopperPoint Insurance Companies benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.
- We provide some benefits at no cost to the employee (Basic Life Insurance and AD&D at two times an employee's annual salary, Short- and Long-term Disability coverage, and Employee Assistance Plan).
- Employees will accrue 0.0846 hours of Paid Time Off (PTO) per paid hour, which may total 22 days a year. In addition, employees will also receive 10 paid holidays throughout the calendar year.
Founded in 1925, CopperPoint Insurance Companies is a leading provider of workers' compensation and commercial insurance solutions. With an expanded Line of insurance products and a growing ten-state footprint in the western United States, CopperPoint embodies stability for policyholders in Alaska, Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, and Washington. CopperPoint Mutual Insurance Holding Company is the corporate parent of Arizona-based CopperPoint Insurance Companies, Alaska National Insurance Company, and other CopperPoint Insurance Entities.
CopperPoint's culture of compassion extends to the community through employee volunteerism, corporate matching, Board service, program sponsorships, and in-kind contributions. We empower employees by providing 12 hours of paid volunteer time annually and matching their personal contributions to the charities of their choice up to $500 per year. In 2020, CopperPoint employees reported 3,500 volunteer hours.
CopperPoint offers a competitive compensation package and comprehensive benefits package including major medical, dental, and vision, and a wide range of competitive benefits programs, generous matching contributions to your 401(k) plan, generous paid time off, tuition reimbursement, and other education benefits and business casual dress. CopperPoint is an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status, or any other characteristic protected by state, federal or local law. CopperPoint maintains a drug-free workplace.
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Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.