Assistant Actuary

  • 39379
  • Non-Life - Actuarial
  • |
  • Michigan, United States
  • |
  • Mar 29, 2021
  • Coordinates the development of pricing for current or new property/casualty insurance coverage and products.
  • Trains, coordinates, and supervises actuarial analysts in the completion of project work and actuarial exams.
  • Coordinates and executes scheduled rate reviews to ensure rates are adequate, not excessive or unfairly discriminatory, and internally consistent with experience.
  • Analyzes and reviews competitive product and rate comparison reports.
  • Formulates and interprets complex mathematical ratemaking models using available tools.
  • Provides support to other areas in the interpretation of rating data.
  • Represents the actuarial department on internal project teams and task forces relative to actuarial issues.
  • Analyzes data, develops the material, and prepares appropriate communications.
  • Provides recommendations for improving methods, analysis, and data gathering techniques used by the actuarial team.
  • Assesses the impact of assigned projects on the organization
  • Keeps current on new legislation/requirements.
  • Provides management with recommendations regarding changes to product design or rating structure and provides follow-up on system modifications.
  • Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field.
  • Designation of Associate of the Casualty Actuarial Society and a minimum of five years experience in an actuarial environment.
  • Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
  • Experience in:
  • Coordination and execution of projects
  • Use of statistical tools and software applications to complete assignments
  • Preparing reports and exhibits for management review
  • Analysis of technical studies and data and draw sound conclusions
  • Preparing quarterly rate indications
  • Formulating and interpreting mathematical rate-making models
  • Preparing property and casualty rate filings
  • Preparing competitive product and rate comparison analysis reports
  • Calculating reserves
  • Pricing property and casualty insurance products
  • Completing actuarial research relating to insurance operations