Actuary I

  • 33950
  • Non-Life - Actuarial
  • |
  • Massachusetts, United States
  • |
  • Jul 23, 2018
  • Develops actuarial pricing and/or reserving analyses, in accordance with CAS 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 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.
  • 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.
  • Limited to moderate knowledge of industry practices, standards, and concepts within field of work.
  • 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..
  • Applies knowledge to determine solutions to complex problems with minimal direction. Uses research and analysis to develop innovative and practical solutions which are consistent with organizational objectives.
  • Additional Knowledge, Skills and Abilities:
  • Credit for at least two exams of the Casualty Actuarial Society.
  • Thorough knowledge of Microsoft Office software is essential to perform analyses.
  • Candidate should be pursuing CAS accreditation to at least ACAS level.