Actuarial Analyst

Western Reserve Group•Wooster, OH

34d•$63,994 - $99,191•Onsite

About The Position

The Actuarial Analyst provides complete and accurate information for use by management in determining rate levels and/or adequate loss and loss adjustment expense reserves. The Actuarial Analyst will assist in implementing rate change decisions. While this position is posted at the entry level, candidates with additional experience and qualifications may be considered for a higher-level position and corresponding salary.

Requirements

BS/BA or Equivalent in Actuarial Science, Mathematics or related course of study
Advanced computer skills including spreadsheets and databases
Examinations Parts 1 and 2 of the Casualty Actuarial Society
Excellent Communication Skills
General knowledge of P&C insurance products
Advanced skills are required to communicate effectively with various audiences including programmers, technicians, insurance department personnel, underwriters, and marketing staff.
Advanced skills are required including formal education in calculus, linear algebra and probability/statistics.
Advanced ability to understand the interaction of rating variables and use of database software.

Nice To Haves

Experience with SQL, R, and SAS preferred
Advancement in the CAS examinations is desirable by not required.

Responsibilities

Provides information to be used in determining rates and/or loss and loss adjustment expense reserve levels. This information may be internal to the company, industry data or competitive information.
Assists in the implementation of rate change decisions in conjunction with Actuarial and IT staffs. This includes calculations of overall effects, filing with regulators and ensuring rate manuals and policy processing systems are properly updated.
Performs research on projects intended to improve risk selection, claims settlements, or general financial improvement of the company.
Pursues continuing education by studying for and successfully completing actuarial examinations.