Sr Analyst / Analyst

  • 36320
  • Non-Life - Actuarial
  • |
  • Iowa, United States
  • |
  • Nov 27, 2019
  • Continues to develop more advanced knowledge of data sources and requirements; retrieves and manipulates data.
  • Continues to develop knowledge of actuarial methodologies via actual work assignments.
  • Conducts analyses that adhere to actuarial standards of practice: selects appropriate data sources and methods, makes assumptions, recognizes considerations and develops recommendations.
  • Documents assumptions, methods, sources, considerations; organizes documents.
  • Notes unreasonable results/non-optimal solutions and assists in resolution.
  • Prepares memos, documents, and letters as needed.
  • Develops personal work schedule to ensure timely completion of assigned tasks; coordinates with others when tasks involve others.
  • Recognizes and begins to develop relationships within and outside of Pricing which are critical to completion of assigned tasks.
  • Builds and validates statistical/actuarial models to enhance rating and/or underwriting. Monitors the effectiveness of statistical/actuarial rating and/or underwriting models.
  • Participates in Peer Tech Reviews. Reviews work of peers and also has work reviewed by them. May assist with training new associates on standard work procedures.
  • Participates in ad hoc analyses. More complex work is reviewed. Under appropriate supervision, applies data mining techniques to discover new relationships in the data. Participates in the project planning process. Develops proficiency with statistical modeling software.
  • Performs other related duties as assigned.
  • Bachelor’s degree in actuarial science, business, finance, mathematics, statistics, economics or related field with a strong quantitative orientation.
  • Minimum two years’ experience in a business unit or combined experience and educational equivalent.
  • Knowledge of mathematics, statistics, probability, and/or principles of finance, proven analytical skills and familiarity with insurance products and terminology as well as legal and regulatory requirements in area of assignment.
  • Continuing to learn more advanced actuarial methodologies and insurance concepts through reading, training sessions and work assignments.
  • Demonstrated work product accuracy.
  • Effective verbal/written communication skills.
  • Demonstrated ability to comprehend actuarial concepts and other advanced statistical concepts.
  • Demonstrated ability to think logically and perform actuarial methods in a timely manner.
  • Ability to effectively operate personal computer and related spreadsheets and data base software.