Senior Actuarial Analyst
Westfield Center, OH 
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Posted 10 days ago
Job Description

The Actuarial Senior Professional, working with limited supervision, conducts complex analyses, provides recommendations, and leads special actuarial projects. The role applies highly technical actuarial acumen and skill set in completing assignments and works to improve processes in the actuarial department. The role researches and develops best practices pricing techniques to be implemented across the business, serves as a mentor to less experienced professionals, provides general expertise on market trends and product performance and adheres to internal and external compliance requirements/standards.


  • Directs actuarial projects while applying actuarial skills and knowledge of the Company's insurance products and operations.
  • Completes research, ensures accuracy of calculations and analyses, and meets project deadlines.
  • Completes all complex actuarial assignments by following standard processes in areas like Pricing, Loss Reserving, Research and Development, etc.
  • Provides input on the pricing of new and existing products, collaborates with the Underwriting and Product team, and determines loss and loss expense reserve recommendations.
  • Assists in developing management reports that are used to monitor performance, behavior, and results of company goals and objectives.
  • Develops and maintains adequate knowledge and awareness of industry activities through attendance at seminars, reading trade journals and magazines, and through personal contact with other insurance companies, state regulatory bodies, and professional affiliations.
  • Gathers information, prepares reports, and creates datasets following already documented processes in support of the Actuarial Department.
  • Prepares collateral for defending state filing materials, estimates unpaid loss and loss expense liabilities, provides support to Finance Reporting, and partners with the IT team to implement rate and rule changes in rating.
  • Provides ongoing review and improvements of pricing and processes for greater automation, accuracy, and rate adequacy.
  • Supports peers and less experienced professionals, analysts, and associates in their respective activities on pricing, reserving, and research and development.

  • 5+ years of insurance and/or business experience.
  • 4+ years of actuarial experience.
  • Credit for completion of the following Casualty Actuarial Society work: passing the "Basic techniques for rate making and estimating claims liability" exam and completion all CAS preliminary requirements (e.g. exams, VEEs, online courses) prior to this exam.
  • Experience and advanced proficiency utilizing Excel (e.g. array formulas, complex multi-tab workbooks, pivot tables, visual basic macros).
  • Experience collecting and analyzing data, identifying trends, establishing facts, and recommending solutions.
  • Experience and skills utilizing programming languages such as SAS, R, SQL, and Visual Basic.
  • Experience being accurate with a focus on attention to details.
  • Strong organizational skills gained through previous work experiences
  • Excellent written and oral communication skills including the ability to convey advanced concepts to a non-technical audience.
  • BS or BA degree in actuarial science, mathematics, or related field or commensurate experience.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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