Actuarial Analyst

AAA-The Auto Club Group•MI-Admin Office Building (AOB), MI

1d•$65,000 - $80,000•Hybrid

About The Position

The Auto Club Group is seeking a motivated Actuarial Analyst to join their team. This role involves learning and applying actuarial techniques to analyze data, develop insurance products, and support regulatory filings. The analyst will be responsible for tasks such as data analysis, report preparation, pricing and reserving for property/casualty insurance, and assisting with ad hoc analyses. Collaboration with IT and business technical support is also a key aspect of the role, as is communicating findings and recommendations to various business units.

Requirements

Eligible to lawfully work in the U.S. immediately.
Bachelor’s degree in Mathematics, Actuarial Science, Statistics or a related field.
Successful completion of one or more actuarial examinations either prior to or within 18 months of date of hire.
Maintain eligibility in the Actuarial Professional Development Program following department guidelines.
Experience in performing research and statistical analysis to complete assignments.
Experience with PC software applications (e.g. Word, Excel, PowerPoint, etc.).
Knowledge of statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusion.
Ability to prepare/present material.
Ability to manage workflow to achieve multiple goals.
Ability to work individually and as part of a team.

Nice To Haves

Knowledge of insurance industry terminology and concepts.
Experience using R, Python or SQL.

Responsibilities

Analyze data, develop material, and prepare appropriate communications.
Compile and organize data for actuarial review.
Prepare reports, proposals, system documents, filing support and documentation files.
Provide support to projects as required.
Develop pricing and/or reserving for current and/or new property/casualty insurance coverage and products.
Formulate and interpret mathematical ratemaking and/or reserving models using available tools.
Assist with or handle ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products.
Support state and regulatory filings and respond to inquiries from auditors/DOIs.
Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications, and special projects.
Apply actuarial methods and principles to obtain indications, complete projects, analyze results, and make recommendations.
Research suitable trend indications for analysis.
Communicate effectively with others in a work environment and make oral presentations to business units.
Represent the department on inter-department teams.
Prepare narratives explaining the results of quarterly reserve analyses.
Prepare reports for reserve comparisons with independent third-parties.