Actuarial Analyst

  • 34359
  • Life - Actuarial
  • |
  • Maryland, United States
  • |
  • Oct 25, 2018
Insurance
RESPONSIBILITIES
  • Review data for quality, completeness and fitness for purpose.
  • Suggest appropriate data substitutions and augmentations.
  • Summarize data and identify key features.
  • Accurately and clearly document findings.
  • Build actuarial models to evaluate the performance of underwriting practices.
  • Run sensitivity tests to show how changes in assumptions impact results.
  • Develop good understanding of automated underwriting engine, and identify areas for improvement.
  • Work collaboratively with other teams.
  • Assist in developing actuarial models to evaluate the quality of new business by distribution channel, and the protective value of different underwriting tools.
  • Run quality scores every quarter, and make changes to models when required.
  • Draft reports summarizing quality score results.
  • Assist in developing a new actuarial tool for expense allocation which is accurate and relevant for the end user.
  • Make changes to the expense allocation tool each year in line with business changes, and to reflect updated data.
  • Assist in drafting expense segmentation report.
  • Build actuarial models of how policyholder behavior impacts on business value.
  • Use optimization techniques to identify where business value can be improved.
  • Assist with the implementation of pilot studies.
QUALIFICATIONS
  • BS / BA degree in mathematics, statistics, or a related field.
  • Completion of 2 Actuarial Exams, preferred.
  • Internship, preferred.
  • Proficiency in Microsoft Excel.
  • Ability to interrogate and interpret data sets.
  • Excellent communication skills, both written and oral.
  • Strong documentation skills.