Job Description Summary
OVERALL RESPONSIBILITIES:
The Actuary is responsible for building, supporting, and maintaining models for actuarial reporting and management purposes, across a broad range of activities (e.g., pricing, modeling, forecasting, planning, profitability, etc.). This role develops reserving processes and performs reviews of premium, loss, and expense reserves. The Actuary makes recommendations and advises on reserving levels.
Job Description
SPECIFIC DUTIES:
Analyze and make recommendations for refining the pricing and underwriting of our business within the existing pricing model. Enhance the models as appropriate.
Develop and revise quoting macros for manually processed lines of business where necessary.
Responsible for analysis and estimation of loss and loss adjustment expense reserves by line of business.
Support the development of predictive models to enable accurate estimation of the ultimate value of claims.
Develop projections of operating results based on emerging trends, competitive conditions, and operational changes.
Continuously improve accuracy and efficiency of pricing and forecasting templates.
Provide clear communication of technical work to technical and non-technical audiences.
Provide technical assistance and information to other departments.
QUALIFICATIONS, EXPERIENCE REQUIRED:
Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or related field.
Associate or Fellow of the Casualty Actuarial Society (ACAS or FCAS).
Minimum of 5 years of insurance industry experience.
Experience with a programming language (R, SAS, SQL, Python, VBA, or similar).
Demonstrated ability to develop software using a primary programming language.
Strong Microsoft Excel skills including experience in coding Macros/VBA.
Effective written and verbal communication skills.
Solid interpersonal skills and the ability to work in a team environment as well as independently.
Must possess ability to interact with individuals at all levels of the organization.
Demonstrated high level of problem solving aptitude.
JOB REPORTS TO:
Chief Actuary
