Actuary

  • 29730
  • Non-Life - Actuarial
  • |
  • Massachusetts, United States
  • |
  • Nov 14, 2017
Insurance Organization
RESPONSIBILITIES
  • Develops actuarial pricing and/or reserving analyses, in accordance with CAS (Casualty Actuarial Society) principles, to produce indicated overall rate level changes and/or loss and loss adjustment expense reserve levels.
  • Provides actuarial input to other product pricing analyses, such as class plans, territories, new coverages and endorsements, etc.
  • Works with the company’s Insurance Product Management department, as needed, to develop competitor analyses and to quantify the impact of proposed pricing changes on insureds.
  • Provides other support to the actuary as needed.
QUALIFICATIONS
  • Bachelor's plus Certificate, e.g. INS 21, 22, 23, or equivalent, related experience.
  • 2 - 4 years - or Associates Degree equivalent plus 4 - 6 years.
  • General knowledge of industry practices, standards, and concepts within field of work.
  • Applies them to perform work requiring analytical business skills.
  • Makes decisions related to a wide variety of situations within management limits.
  • Interprets guidelines and procedures, applying judgment and discretion.
  • Decisions influence portions of a project, client relationships and/or expenditures.
  • Works independently under general supervision.
  • Work is reviewed for overall adequacy in meeting objectives.
  • May provide training and guidance to less experienced staff.
  • Develops solutions to complex problems which require the regular use of innovation.
  • Ensures that solutions are effective in meeting organizational objectives.
  • Questions problem definition to address underlying issues.
  • Manages internal and external relationships.
  • Represents organization as prime contact for projects and other necessary communications.
  • Interaction may include senior internal and external personnel on significant matters often requiring complex coordination between organizations.
  • Communication involves persuasion and negotiation, as applicable.
  • Seeks ways of improving client service.
  • Credit for at least three (3) exams of the Casualty Actuarial Society (2000 Syllabus).
  • Thorough knowledge of Microsoft Office software is essential to perform analyses.
  • Candidate should be pursuing CAS (Casualty Actuarial Society) accreditation to at least ACAS level (CAS Exams 1-7).