Actuarial Analyst I

  • 37028
  • Non-Life - Actuarial
  • |
  • Michigan, United States
  • |
  • Mar 12, 2020
Insurance
RESPONSIBILITIES
  • Learn various actuarial techniques and procedures including:
  • Development of pricing for current and/or new property/casualty insurance coverage and products.
  • Executing the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience.
  • Analyzing and preparing the competitive product and rate comparison reports.
  • Formulating and interpreting ratemaking models using available tools.
  • Analyzing data, developing material and preparing appropriate communication.
  • Manipulate data for actuarial review using standard software packages.
  • Begin to apply actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations.
  • Research suitable trend indications for analysis.
  • Analyze competitor’s rate structures and coverage.
  • Prepare reports, proposals, system documents, filing support and documentation files.
  • Provide support to projects as required.
QUALIFICATIONS
  • Bachelor's degree in Actuarial Science, Statistics or a related field.
  • Maintain eligibility in the Actuarial Professional Development Program following department guidelines, including but not limited to successful completion of one or more actuarial examinations either prior to or within 18 months of date of hire.
  • Performing research and statistical analysis to complete assignments.
  • PC software applications.
  • Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions.
  • Preparation/presentation of material.
  • Managing workflow to achieve multiple goals.
  • Working individually and as part of a team.
  • Communicate effectively with others in a work environment.
  • Knowledge of insurance industry terminology and concepts preferred.