Actuarial Analyst I

Redion•San Diego, CA

2d•$75,000 - $90,000•Hybrid

About The Position

The Actuarial Analyst I provides critical analysis and internal reporting for companywide processes, including reserving, forecasting, portfolio analyses, and other supporting initiatives. The role applies knowledge of insurance, finance, and model building to address questions from departments such as Underwriting, Finance, and Sales, as well as top management. It requires knowledge of reserving, relational databases, data warehouses, Excel, financial models, and working knowledge of predictive modeling. The position works with management at all levels across the North American organization, has significant exposure to the Holding Company, and reports directly to the Sr Actuarial Analyst. This is a hybrid role based in the San Diego, California office, with onsite work two to three days per week and work-from-home two to three days per week. The schedule is Monday through Friday during regular business hours, approximately 8:00 a.m. to 5:00 p.m., with some flexibility in hours. Occasional overtime may be required according to business needs. The listed salary is $75,000–$90,000 per year, plus an actuarial exam program.

Requirements

High school diploma or equivalent (GED).
Bachelor’s degree in mathematics, actuarial science, economics, finance, or a similar or related field from an accredited college or university.
Completion of at least 1–3 actuarial exams.
Knowledge of reserving principles, including the reserving process and its financial impacts.
Clear communication skills.

Nice To Haves

Knowledge of IFRS17 and Solvency2.
Knowledge of PBI, SQL, R, and ResQ.
Two or more years of related actuarial experience.
Experience working with Finance, Sales, and Operations, and communicating with executive-level audiences.

Responsibilities

Conduct quarterly and annual reserving for IFRS17 and Solvency2 using established actuarial methods.
Provide a range of reasonable reserves, select best estimates, and clearly explain changes between analyses.
Compare assumptions with alternate competing assumptions and assess the impact on the best estimate.
Track the evolution of booked values within the range and in comparison with the best estimate.
Support Capital and Investment functions on topics involving UBEL.
Support IT projects related to losses.
Estimate losses for budgets and forecasts.
Develop criteria to validate results against prior expectations.
Identify root causes of results that materially differ from expectations.
Assist colleagues with validation, version control, and consistency of assumptions throughout the process.
Examine and interpret technical results in the context of complex business questions.
Identify new questions or unforeseen data complexities arising from technical results and take steps to address them with appropriate parties.
Use data systems and query tools to design and execute related work projects.
Communicate results clearly and concisely in writing and verbally, tailoring detail to the audience and using data visualization where possible.

Benefits

Actuarial exam program.
Education and Professional Development Assistance Program.
Generous employer contribution toward health, dental, and vision insurance.
Paid maternity and paternity leave.
Scholarship program for employee dependents.
Company match on 401(k).
Employee Assistance Program (EAP).
Company-paid short-term and long-term disability insurance.
Company-paid life insurance.
Voluntary pet insurance.
Voluntary legal benefit.
Discounts on travel insurance.
Time off policies including vacation days, sick days, personal days, holidays, and volunteer days (VTO).
Diversity, Equity, and Inclusion (DEI) Committee.
Career pathing and Individual Development Plans.
Internal training and intern opportunities.
Women in Business Mentorship Program.
Employee awards and recognition.