Actuarial Analyst III

  • 34385
  • Non-Life - Actuarial
  • |
  • California, United States
  • |
  • Nov 5, 2018
Insurance
RESPONSIBILITIES
  • Performs and evaluates financial experience data using prescribed actuarial techniques.
  • Prepares reports for the Operating Committee on the adequacy of rates.
  • Applies rate and rule filing laws and regulations.
  • Makes rate filings timely and effectively.
  • Performs the following with limited guidance:
  • Produces rating plans so that rates are actuarial sound; which reflect rates in the competitive market and the potential impact to the company's policyholders.
  • Develops rates and rate plans for new coverages, new lines and/or in new states in order to be in compliance with legal requirements using an advanced knowledge of company, competitor, and industry claim settlement and reserving practices, policy coverages, rating and coding procedures, accounting concepts, system processing, marketing strategies, and underwriting rules, as well as familiarity with pertinent insurance laws.
  • Performs analyses including multivariate analysis considering various rating dimensions and the correlations among the rating factors.
  • Communicates the rating plans to Rating and Underwriting System Unit.
  • Constructs functional statements using SQL and other programs by applying advanced knowledge of computer systems and programming in order to perform accurate and complex actuarial analysis.
  • Determines and analyzes customer requirements, uses system data and provides input needed by various departments and senior management as well as occasional production and special reporting of company experience to statistical agents, Insurance Departments and re-insurers in order to produce business and scientific reports.
QUALIFICATIONS
  • BA/BS - Degree in Math, Statistics or related field required.
  • Advanced degree preferred.
  • 2+ years actuarial experience in property and casualty insurance industry.
  • Successful completion of at least 5 CAS exams.
  • Knowledge of company, competitor, and industry claim settlement and reserving practices, policy coverage’s, rating and coding procedures, accounting concepts, system processing, marketing strategies, and underwriting rules, as well as familiarity with pertinent insurance laws.
  • Extensive experience with computer systems and programming, in order to construct functional SQL programs.
  • Expertise in spreadsheet and database software in order to capture data and complete accurate analyses of complex actuarial data.
  • Modeling experience is preferred.