Senior Actuarial Analyst
Description

  ** Sign-on bonus of $1,000 for the successful candidate  


Nature of Job

Analyze premium and loss data and develop models for decision-making purposes in the planning and operations of the company; manage all aspects of the ratemaking process including rate level reviews, actuarial support of rate filings, and revisions to the company rating/classification structure; perform loss reserve analysis.


This is a hybrid-remote position based out of our New Holland, PA, office and will be required to be on-site 2-3 days per week.


Duties and Responsibilities

  • Initiate and coordinate rate review process for all lines of insurance: organize information using valid statistical techniques, make recommendations for revisions, and distribute summaries to affected staff and management.
  • Provide all necessary actuarial support for rate filings and additional communication with state insurance departments to ensure approval of rate filings.
  • Maintain a reasonable provision for loss reserves by adjusting bulk reserves and recommending actuarially supported factor reserves.
  • Prepare and submit aggregate statistical calls and experience reports to rating bureaus and insurance departments on a timely basis.
  • Supply regular reports and guidance to management on loss reserves and reinsurance strategies.
  • Assist the actuarial team in strategic planning for premium and loss experience and monitor actual results.
  • Perform other duties as assigned by Director of Actuarial Services.
Requirements

Qualifications

  • Bachelor degree in mathematics, actuarial science, or business. CAS credentials will be considered.
  • Advanced study in statistical techniques helpful.
  • Minimum of five years related experience, preferably in property and casualty insurance.
  • Experience with private passenger automobile preferred.
  • Experience with predictive modeling and machine learning tools preferred.
  • Knowledge of actuarial techniques and ability to apply appropriate testing to company procedures.
  • Ability to work independently and to exercise sound judgment based on company procedures.
  • Proficiency and creativity in using personal computer spreadsheet programs.
  • Experience with analytical software (R, Python, SQL, Pyramid) strongly preferred.
  • Effective interpersonal, written and oral communication skills to enable effective presentations of data to insurance departments and internal management.
  • An understanding of insurance contract coverages and the ability to recognize premium levels that are commensurate with exposure.
  • Commitment to company values and customer service.
  • Ability to perform the essential functions of the job with or without reasonable accommodation.