Senior Actuarial Analyst

  • 38974
  • Non-Life - Actuarial
  • |
  • California, United States
  • |
  • Jan 26, 2021
Insurance
RESPONSIBILITIES
  • Develop and enhance rating plans using predictive modeling and other actuarial techniques
  • Analyze and quantify rating parameters and how the implementation of these will lead to positive results
  • Negotiate rate adjustments and product changes to improve profitability; prepare and present rate dislocation and justification analyses to support such changes
  • Prepare rate filings/exhibits and respond to rate-related state objections with the goal of expediate approval
  • Determine deviation from target/projections and determine potential source of material deviations in results from expectation
  • Enhance and refine existing pricing models and develop new pricing models to support company’s strategic objectives regarding innovation
  • Identify and propose actions to improve profitability of products and accounts
  • Develop tools and use analytics to aid underwriting, operational, and fraud prevention strategies
  • Promote the use of predictive analytics throughout the organization, beyond just a pricing context
  • Build and improve actuarial files, models, and algorithms to support day to day pricing and underwriting activities
  • Conduct periodic audits of underwriting files to determine if pricing models are appropriately employed
  • Utilize actuarial tools and develop ad hoc tools as necessary to quantify risks presented by a product and account
  • Coordinate with internal staff to address risk and profitability concerns
  • Assist with the development of new insurance products and advise underwriters in making profitable decisions
  • Monitor and interpret competitor filings to identify any new coverages, rates, and rating variables in the market
  • Develop understanding of state filing requirements and how these differ among states
  • Research, develop, and apply new analytical techniques that are applicable to the business and share knowledge with peers and teammates
  • Research, compile and analyze historical actuarial data
QUALIFICATIONS
  • Bachelor's degree (B.A.) in mathematics, actuarial science, economics, finance or similar degree from an accredited college or university
  • Predictive modeling experience using R and/or Emblem required
  • Minimum two years actuarial work experience
  • Rate filing experience strongly preferred
  • Experience employing and understanding standard concepts, practices, regulations, and laws within the insurance and actuarial fields preferred
  • Intermediate level skills in SQL and Excel required
  • Travel Insurance experience a plus