Actuarial Analyst 2

AAA • Costa Mesa, CA

12d • $92,600 - $123,600 • Onsite

About The Position

The Actuarial Analyst II will perform statistical analysis of premium, loss and insurance expense experience. Use results of analysis to recommend changes needed to rates and rating plans. Perform analysis of reserve levels and recommend adjustments as needed. This role involves data gathering, calculations, and analyses to support rate development, reserve reviews, insurance department data calls, and other actuarial projects. The analyst will also assist in implementing rate changes, preparing regulatory filings, and providing actuarial expertise to colleagues and other departments. Continuous progress towards professional designation is expected, including passing actuarial exams. The role may also involve representing the Actuarial business unit at planning meetings and researching legislation impacting insurance costs.

Requirements

• Must hold at least a bachelor’s degree in mathematics, statistics, actuarial science or related discipline.
• Minimum 3 years relevant actuarial work experience required.
• Have completed a minimum of four actuarial exams and plan to continue to complete examinations required to obtain fellowship in the Casualty Actuarial Society.
• Advanced knowledge of mathematics and statistics.
• Advanced skills using computer applications including Excel, Word, Power Point and Access or SAS required.
• Advanced analytical skills required.
• Advanced written and verbal communication skills, along with organizational skills and time management skills preferred.

Responsibilities

• Perform statistical analysis of premium, loss and insurance expense experience.
• Recommend changes needed to rates and rating plans based on analysis.
• Perform analysis of reserve levels and recommend adjustments.
• Gather data, perform calculations, and conduct analyses to support rate development, reserve reviews, insurance department data calls, and other actuarial projects.
• Submit requests to prepare insurance related data files.
• Import data from extracts or the Actuarial Data Warehouse into computer applications to generate reports.
• Analyze data using software applications.
• Review results and make preliminary decisions.
• Present results and recommendations to Actuarial management.
• Assist in the implementation of rate and rating plan changes, including development of rating tables, test cases, and training material.
• Prepare regulatory filings regarding rate and rate plan changes.
• Provide actuarial expertise to other actuarial analysts and technicians.
• Assist other departments by providing information, analyses or reports.
• Continue progress toward professional designation by developing actuarial expertise as evidenced by passing actuarial exams.
• Represent Actuarial business unit at planning meetings as assigned.
• Prepare comparisons of competitors rates and rating plans as directed.
• Research legislation or court decisions which may impact insurance costs.
• Analyze and prepare recommendations to modify rate structures.
• Identify appropriate Actuarial techniques to use in addressing a particular problem.
• Suggest changes to classification factors and base rates to address loss trends and market conditions.
• Suggest alternative actions to Actuarial management given recent legislation or court decisions.

Benefits

• Health coverage for medical, dental, vision
• 401(K) saving plans with company match AND Pension
• Tuition assistance
• Floating holidays and PTO for community volunteer programs
• Paid parental leave
• Wellness programs
• Employee discounts (membership, insurance, travel, entertainment, services and more!)
• Incentive program based upon the achievement of organization, team and personal performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level