Actuarial Analyst Associate

Fortegra•Woodbridge Township, NJ

9h•Onsite

About The Position

Fortegra is seeking a talented actuary preferably with rate filing experience. This role offers an exciting opportunity to apply your expertise while broadening your skill set through diverse pricing and reserving projects. Approximately 50% of your time will focus on admitted products, with the remaining time dedicated to various actuarial initiatives, including pricing, reserving, reinsurance support, and more. This position is ideal for an actuary eager to make an impact and expand their professional horizons.

Requirements

2-5 years of experience, preferably some experience with rate filings and state insurance department requirements.
2–4 actuarial exams completed, with a commitment to pursuing CAS designation.
Proficiency in MS Excel.
A proactive, creative approach to problem-solving.
Exceptional interpersonal skills, with the ability to communicate complex results to diverse audiences.
Strong organizational and prioritization skills
Ability to think creatively, highly-driven and self-motivated.

Nice To Haves

Knowledge of SQL or other data tools such as Power BI is preferred.

Responsibilities

Prepare rate filing analyses and exhibits, ensuring alignment with state-specific requirements and filing checklists.
Perform regular rate indications for all states and programs using standard actuarial methods.
Recommend rate actions with a focus on profitability while considering market conditions and regulatory constraints.
Identify areas of strong profitability for growth and underperforming segments for contraction or exit.
Collaborate with the CAT modeling and reinsurance team to assess and address segments driving PMLs.
Clearly and concisely present findings and recommendations to a range of stakeholders, including senior actuarial management, underwriting teams, compliance officers, external MGA partners, and regulators.
Coordinate with compliance to ensure timely filing submissions.
Address Department of Insurance objections strategically, promptly and effectively.
Support additional initiatives, such as due diligence on new programs, reserve reviews for assigned segments, and data calls.