Actuarial Analyst - New York Property and Casualty - Remote U.S.

Milliman•New York, NY

6d•Remote

About The Position

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Milliman’s New York Property and Casualty practice (NYPC) provides a wide variety of actuarial consulting services to insurance carriers, reinsurers, and self-insureds including loss reserving, pricing, and predictive modeling. In this practice, an Actuarial Analyst is responsible for performing various levels of analysis related to client work, such as reviewing data in preparation for analysis, checking data for errors and consistency, drafting reports, and maintaining documentation. This is a tremendous career opportunity for an early career actuary with pricing experience to take on direct responsibility for client work. In addition to tactical responsibilities, Analysts are given opportunities to present their findings to their peers, project managers, and client relationship managers. Work is shared across the practice, giving everyone the opportunity to build their skills and showcase their abilities, and take on increasing responsibilities over time. Our ideal hire for this role is someone who enjoys thinking critically to solve a client’s business problems; pairs their strong technical skills with creativity; is adept in independently managing their own workload; and is committed to the actuarial exam process through the Casualty Actuarial Society.

Requirements

Completed bachelor’s degree (at time of application) in actuarial science, mathematics, data science, statistics, or other quantitative major
Two or more actuarial exams passed (at time of application)
Between one and four years of professional actuarial experience, which can include internship experience
Experience supporting commercial lines pricing and product development, including rate indications, rating plan development, loss cost multiplier (LCM) estimation, experience rating studies, competitor filing review or related pricing projects
Familiarity with ISO loss costs, rating plans, increased limit factors (ILFs), size-of-risk curves, and other commercial lines pricing concepts; familiarity with regulatory rate filing processes is also strongly preferred.
Strong technical skill in Excel
Experience managing data and automating complex data manipulation tasks in R (preferred), SQL, SAS or other programming languages
Available to start within 2-4 weeks of offer acceptance
Quick learner who takes initiative to dive deeper and solve problems
Able to adjust on the fly, to accept new assignments or shift focus, and balance multiple concurrent projects
“Big picture” thinking to help anticipate client needs
Superb attention to detail and technical accuracy
Self-sufficient, motivated to work independently
Enthusiasm for the work of our practice, and a strong work ethic to meet our clients’ needs
Collaborative by nature, willing to help wherever needed
Excellent written and oral communication skills, including the ability to express or explain complicated technical concepts to a variety of audiences
Individual(s) must be legally authorized to work in the United States without the need for any immigration support or sponsorship from Milliman now or in the future. This includes international students.

Nice To Haves

Prior P&C reserving experience
Proven technical skill in programming with SAS, R, Python and/or SQL (R most preferred)
Predictive modeling experience or an area of keen interest

Responsibilities

Understand, modify, and operate complex spreadsheets and database tools to analyze data and solve problems
Receive, reconcile, manipulate, and analyze data using programming languages such as R and SQL
Check data for consistency
Develop and use actuarial models
Present findings to peers, project managers, and client relationship managers
Draft written reports and exhibits, and prepare other internal/external correspondence
Check their own and peers’ work for accuracy
Undertake research projects
Perform or assist with other duties assigned at the direction of Actuaries and Principals

Benefits

Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
401(k) Plan – Includes a company matching program and profit-sharing contributions.
Discretionary Bonus Program – Recognizing employee contributions.
Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
Holidays – A minimum of 10 paid holidays per year.
Family Building Benefits – Includes adoption and fertility assistance.
Paid Parental Leave – 11 weeks of paid leave for employees who meet eligibility criteria.
Life Insurance & AD&D – 100% of premiums covered by Milliman.
Short-Term and Long-Term Disability – Fully paid by Milliman.