Actuarial Analyst II

  • 38259
  • Non-Life - Actuarial
  • |
  • Michigan, United States
  • |
  • Sep 24, 2020
Insurance
RESPONSIBILITIES
  • Develops pricing for current or new property/casualty insurance coverage and products.
  • Executes scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience.
  • Analyzes and prepares competitive products and rate comparison reports.
  • Formulates and interprets mathematical ratemaking models using available tools.
  • Analyzes data develops material and prepares appropriate communication.
  • Works with Actuarial Support in gathering and verifying data for rate indications, rate revisions, and special projects.
  • Manipulates data for actuarial review using standard software packages.
  • Applies actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations.
  • Determines relevant factors and researches suitable trend indications for analysis.
  • Analyzes competitor’s rate structures and coverage.
  • Develops and prepares competitor rate manual analysis.
  • Prepares reports, proposals, system documents, filing support and documentation files.
  • Provides support to projects as required.
QUALIFICATIONS
  • Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
  • Successful completion of three or more actuarial examinations and a minimum of 2 or more years of experience in an actuarial environment.
  • Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
  • Experience in/with:
  • - Analyzing technical studies and data and drawing sound conclusions.
  • Calculating premium or reserves for new or existing products.
  • Performing research and statistical analyses.
  • Statistical tools in order to complete assignments.
  • PC software applications.
  • Demonstrated skills in:
  • Preparation/presentation of material.
  • Managing workflow to achieve multiple goals.
  • Working individually and as part of a team.
  • Ability to:
  • Make oral presentations to business units.
  • Represent the department on inter-department teams.
  • Apply actuarial methods and principals to obtain indications, complete projects, analyze results and make recommendations.