Associate Actuary

  • 34822
  • Non-Life - Actuarial
  • |
  • Ohio, United States
  • |
  • Mar 6, 2019
Insurance
RESPONSIBILITIES
  • Pricing, Predictive Modeling, Reserving.
  • Provide actuarial opinions on levels of rate adequacy by developing of rate level indications for all lines of business.
  • Selection of pricing levels for each state and line in close collaboration with Product Management.
  • Filing support for rate changes including providing official actuarial opinions to regulators.
  • Lead in development of new methodologies, products and procedures for the company.
  • Maintain current knowledge of trends and products in the re/insurance industries.
  • Development of strategies to drive profitable growth.
  • Development of profitability scorecards that drive strategy and resource allocation.
  • Annual Loss Ratio Planning.
  • Make recommendations to the business based on analysis.
  • Data preparation and cleansing for modeling.
  • Statistical modeling using R.
  • Pricing Model implementation support internally and with regulators.
  • Statistical Modeling to support Marketing, Underwriting and Claims.
  • Make recommendations to the business based on analysis.
  • Analysis of Loss and Loss Adjustment Reserves.
  • Monitoring of Reserve Adequacy.
  • Development of Quarterly IBNR Booking Amounts.
  • Financial Reporting including support for Annual Statement Reporting, IFRS Reporting and Solvency II.
  • Make recommendations to the business based on analysis.
  • Cooperation with Internal and External Auditors and Consultants.
  • Interact with other Reserving Actuaries in North America.
QUALIFICATIONS
  • ACAS.
  • Membership in the American Academy of Actuaries.
  • 6+ Years’ experience in an actuarial capacity in Property Casualty Insurance.
  • Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or similar background requiring quantitative analysis.
  • Strong analytical abilities including understanding of advanced mathematics and statistical concepts.
  • New Product development experience.
  • Demonstrated ability to think logically and perform analysis in a timely manner.
  • Demonstrated superior level of written and oral communication skills.
  • Demonstrated ability to interact effectively with areas of the company outside Actuarial.
  • Strong command of Excel as well as some knowledge of programming and databases such as SQL, Visual Basic.
  • Preferred:
  • Experience in multiple actuarial disciplines.
  • Project management experience.
  • Experience building and working with Predictive Models for Property Casualty rate making including familiarity with R, Emblem and or SAS.
  • Experience working with Catastrophe models.
  • Advanced Statistical degree.
  • Continued pursuit of FCAS designation.