Senior Actuarial Analyst

  • 34792
  • Non-Life - Actuarial
  • |
  • Illinois, United States
  • |
  • Mar 4, 2019
Insurance
RESPONSIBILITIES
  • Produce sound rate level indications with robust understanding of actuarial ratemaking methodology.
  • Support state filing process with actuarial memorandum, actuarial filing forms, correspondence with regulators, measurement of rate impacts, and documentation of analysis.
  • Perform complex pricing analyses, such as rate calculations, base rate offsets, territorial pricing, limit and deductible pricing, segmentation analysis, coverage analysis, and ad-hoc analysis.
  • Quantify, validate and prepare proposed rates.
  • Prepare actuarial proposals for management and business partners.
  • Pull, aggregate, and query ratemaking data.
  • Develop recommendation on rates and rating plan to satisfy financial objectives of the organization.
  • Perform complex trend analysis.
  • Automate and enhance processes to improve efficiencies.
  • Support and/or lead the development and design of new plans, programs, processes, products up to moderate complexity.
  • May oversee financial forecasting/planning process.
  • Complete pricing projects and ad-hoc requests.
  • Develop management information to inform business partners on the health of the business.
  • Communicate effectively with management and business partners.
  • Adhere to internal and external compliance requirements/standards.
  • Assist with the development of junior-level staff.
  • Develop skills through continuing education opportunities.
  • Meet expectations for Casualty Actuarial Society exam progress and/or continuing education.
QUALIFICATIONS
  • 4+ years of experience as an actuarial analyst or quantitative pricing analyst, preferably Property & Casualty experience.
  • Successful completion of 5 or more actuarial exams or demonstrates equivalent knowledge.
  • Bachelor’s degree in actuarial science, mathematics, statistics, economics or related field, or the equivalent in related work experience.
  • Proficiency in Microsoft Excel.