Associate Actuary

  • 36863
  • Non-Life - Actuarial
  • |
  • Pennsylvania, United States
  • |
  • Feb 20, 2020
Insurance
RESPONSIBILITIES
  • Conducts complex rate reviews and/or reserving analyses and prepares in-depth rate studies and rate recommendations.
  • Directs the preparation of materials to support state insurance department rate filings and the preparation of manual pages and computer rate tables.
  • Recommends innovations to improve current methodologies.
  • Acts as a project coordinator for the rate review process.
  • Leads project team with product development, rate change services, underwriting, claims and marketing to ensure proper rate reviews.
  • Applies an extensive knowledge of ratemaking and reserving procedures used by The company, competitors, and rate bureaus.
  • Maintains current knowledge of generally accepted actuarial methods, competitive standings, and related developments and information.
  • Presents rate development information to senior management and communicates rate changes to other departments as required.
  • Presents effectively formatted analyses regarding various developments and activities and their impacts on those areas.
  • Designs or improves rate study procedures and formats when appropriate.
  • Recommends, designs, and directs special projects for ratemaking, reserving or reinsurance needs.
  • Presents results and recommendations to management.
  • Coordinates the education of less experienced staff regarding the company and industry practices, data sources, and job efficiencies.
  • Represents The company at hearings and on industry and actuarial organizations and committees.
  • Visits field offices and/or Agent meetings as required to present actuarial information.
QUALIFICATIONS
  • Bachelor's degree in mathematics or a related field required.
  • Achievement of the Associate in the Casualty Actuarial Society designation required.
  • Three years of previous experience in pricing, reserving or a related actuarial field, including mastery of ratemaking, reserving, and actuarial techniques required.
  • Ability to improve and enhance actuarial processes and procedures required.
  • Proficiency in spreadsheet, database and related software required.
  • Previous programming experience required.
  • Ability to Learn and Follow Procedures.
  • Ability to Manage Complexity.
  • Coaching.
  • Decision Making.
  • Developing and Maintaining Relationships.
  • Information Management Skills.
  • Interpersonal Communication.
  • Planning and Organizing.
  • Presentation Skills.
  • Problem Analysis.
  • Proofing Text and Numbers.
  • Service Orientation.
  • Time Management.
  • Coding and Converting.