Actuarial Analyst II, Commercial Lines Pricing

Full-time - Mid Level

Columbus, OH

About the position

The Actuarial Analyst II at Encova Insurance is responsible for pricing property and casualty insurance products, focusing on rate indications and profitability improvements. This role involves independent work with minimal guidance, supporting profitable growth goals and strategies through the design and implementation of improvements to methodologies and processes.

Responsibilities

• Develop rate indications following standard actuarial practices.
• Review specific components of rating plans using internal profitability data and competitive analysis.
• Calculate impacts of proposed rate, rule, and form changes.
• Prepare rate filings and work with state insurance departments as needed to gain regulatory approval.
• Track changes made by ISO and the Workers Comp rating bureaus.
• Present findings, predicted outcomes or implications, and recommendations to business partners.
• Support maintenance and development of actuarial pricing models.
• Provide clear documentation as part of governance processes.
• Design and implement actuarial methodology or process changes, to meet division needs.
• Conduct ad hoc analyses or reporting to support business partners and provide actuarial background on financial results.
• Mentor and train newer Technicians and Analysts.

Requirements

• A B.A. or B.S. degree is required, with preference given to majors in mathematics, statistics, or actuarial science.
• A minimum of three years of actuarial experience is preferred.
• A minimum of three actuarial exams, with commitment to ongoing pursuit of actuarial credentials from the Casualty Actuarial Society, is preferred.
• Expert level spreadsheet (Excel) skills.
• Programming experience preferred (SAS, SQL, R, Python).
• Strong analytical and problem-solving skills.
• Strong communication skills to relay complex technical material to a variety of audiences.
• Strong knowledge of rate indications methodology and rating plans for assigned products.

Nice-to-haves

• Experience with programming languages such as SAS, SQL, R, or Python.

Benefits

• 401(k)
• wellness programs
• bonus incentive plans
• flexible schedules
• early close of the office every Friday