Actuarial Analyst

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

4d•$65,000 - $80,000•Remote

About The Position

Depending on team assignment, responsible for learning and utilizing various actuarial techniques and procedures, to include but not limited to: 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 as needed 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. Begin to 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. Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience. Analyze and prepare competitive product and rate comparison reports. Analyze competitor’s rate structures and coverage.

Requirements

Eligible to lawfully work in the U.S. immediately. Employer will not sponsor applicants for U.S. work authorization.
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
Performing research and statistical analysis to complete assignments
PC software applications (e.g. Word, Excel, PowerPoint, etc.)
Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusion
Preparation/presentation of material
Managing workflow to achieve multiple goals
Working individually and as part of a team

Nice To Haves

Successful completion of one or more Casualty Actuarial Society (CAS) or Society of Actuaries (SOA) examinations
Demonstrated experience utilizing actuarial concepts in business and analytical decision-making
Insurance industry terminology and concepts

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 as needed 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
Begin to 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
Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience
Analyze and prepare competitive product and rate comparison reports
Analyze competitor’s rate structures and coverage

Benefits

PTO, paid sick leave, etc.
Medical plans with multiple coverage options, including HSA eligibility
Prescription drug coverage
Dental and vision benefits
Employee Assistance Program (confidential support services)
Company-paid basic life insurance
Optional supplemental life insurance and dependent coverage
Short-term and long-term disability coverage
Critical illness, accident, and pet insurance options
401(k) plan to support long-term financial goals. 3% automatic deferral upon eligibility; may contribute 1% to 50% of eligible earnings, either pre or post tax. Company match of 50% paid on employee contributions up to 6% of pay, payable to employees following the end of the year; immediate vesting. Additional company contribution of 4% of pay each pay day into your account; 100% vested after three (3) years of service
Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options
Paid Time Off (PTO): Accrual-based, increases with tenure, eligible at 90 days of employment. Full-time new employees will receive up to 12 PTO days annually; accrual based on start date and may include additional PTO based on role and/or state & local requirements. Part-time employee PTO hours are calculated based upon the standard weekly hours the employee is scheduled to work and will accrue at a minimum of 3 hours per month
Paid Holidays: Full-time employees are eligible for 10 company-paid holidays annually, in addition to 1 mental health day, 2 floating holidays and 1 volunteer day. Holidays vary by business unit schedules. Part-time employees are eligible for 8 company-paid holidays annually, in addition to 1 mental health day and 2 floating holidays. Holidays vary by business unit schedules
Paid leave programs, including parental, bereavement, jury duty, and military leave
Tuition assistance (up to $5,250 annually; 80% covered by ACG)
Professional certification support with 100% reimbursement for eligible programs
Opportunities for career development and advancement
Complimentary AAA membership with roadside assistance and travel discounts
Adoption assistance program