Actuarial Associate

  • 39300
  • Non-Life - Actuarial
  • |
  • Florida, United States
  • |
  • Mar 17, 2021
Insurance
RESPONSIBILITIES
  • Performs reserve reviews for multiple products using standard accepted actuarial reserving methodologies. Performs deeper analysis to understand trends and anomalies in loss experience. Provides suggestions regarding IBNR bookings decisions.
  • Assists in communicating analysis insights and reserve decisions to business leaders. Translates actuarial analysis to understandable business metrics fit for audience.
  • Provides statutory financial reporting support for assigned legal entities including communication of manual reserve entries to accounting, coordination with other actuaries on data needed, assist accounting in the preparation and verification of the quarterly & annual schedule P requirements, and perform year-end support for statutory statement preparation including Schedule P, RBC, Statement of Actuarial Opinion, etc.
  • Provide additional financial reporting support for US GAAP as needed.
  • Ability to review requirements and provide essential details for internal and external inquires and ad hoc requests as directed by manager.
  • Demonstrates thorough understanding of data and systems, including inefficiencies, through analysis of trends. Reconciles data to source systems, including adjustments for manual processes.
  • Gathers information from internal departments and complete reports and analysis as directed; solicits feedback on improvements to reporting and communications.
  • Assists with collecting data and responding to inquiries from state insurance departments, auditors, and internal areas regarding business processes and gaps.
  • Identifies data and process inefficiencies; recommends and implements process improvement initiatives with direction.
  • Actively manages self-development. Participates in cross-training and knowledge. information sharing within team to accomplish goals.
QUALIFICATIONS
  • Bachelor’s degree in Mathematics, Actuarial Science, or related field and a minimum of 3-6 exams completed.
  • Minimum of 2-5 years of overall experience.
  • Must be pursuing actuarial designation.
  • Minimum of 2-3 years of progressive responsibilities and related experience in an actuarial role.
  • Has intermediate level of understanding actuarial concepts, insurance product and industry knowledge.
  • Intermediate proficiency in MS Office Applications including Excel, PowerPoint, Word, Outlook, SharePoint.
  • Intermediate to Expert proficiency in programming languages such as SQL, Python, R, Databricks, and/or SAS.
  • Intermediate proficiency in data visualization tools such as MS Power BI.
  • Addresses conflict on a timely basis, avoiding issues to prolong and affect working relationships or goals. Discusses resolution alternatives with manager prior to engagement.
  • Can actively listen and effectively explain specific variances to a technical and non-technical audience.