Actuarial Analyst

Coverys • Boston, MA

1d • $95,245 - $112,055

About The Position

The Actuarial Analyst analyzes insurance premium, claim, and exposure information in developing actuarial analyses. The Actuarial Analyst provides analyses and commentary to our internal and external customers. The Actuarial Analyst will have an extensive and impactful effect on growth and profitability by using spreadsheets and software to compile and categorize data, identify trends, and make actuarial assumptions. Essential Duties & Responsibilities Apply complex and advanced actuarial techniques and expertise to multiple, cross functional projects for existing and new products. Utilize specialized line of business, product or functional expertise, and broad experience to recommend actuarial methodologies. Contribute to the improvement of company data systems and departmental processes to allow for conversion, enhancements, automation, and formal documentation of improvements. Obtain subjective and objective data from Finance, Underwriting, Marketing, Sales, and IT as well as possible interaction with employees outside of the US. Analyze loss and loss expense reserves. Analyze unearned premium reserves and earnings. Support the production of financial statements, forecasts, and budget loss ratio assumptions. Develop rate indications and evaluating pricing levels. Evaluate profitability.

Requirements

• Bachelor's degree.
• A minimum of 4 years of experience as property/casualty actuary analyst at an insurance company or actuarial consulting firm.
• Broad understanding of the Medical Professional Liability insurance business and the challenges in estimating loss reserves.
• Data extraction and manipulation skills using industry standard software (SAS, SQL, R etc.).
• Microsoft Office proficiency required to analyze and present actuarial information (Word, Excel, Access, PowerPoint, etc.).
• Strong organizational and communication skills.
• Strong problem solving skills.
• Ability to interact with a wide variety of clients, both internal and external.
• Ability to effectively present information and respond to questions from other management, vendors, and business institutions.

Nice To Haves

• Documentation of passing grades and/or pursuit of Casualty Actuarial Society credentials, a plus.

Responsibilities

• Apply complex and advanced actuarial techniques and expertise to multiple, cross functional projects for existing and new products.
• Utilize specialized line of business, product or functional expertise, and broad experience to recommend actuarial methodologies.
• Contribute to the improvement of company data systems and departmental processes to allow for conversion, enhancements, automation, and formal documentation of improvements.
• Obtain subjective and objective data from Finance, Underwriting, Marketing, Sales, and IT as well as possible interaction with employees outside of the US.
• Analyze loss and loss expense reserves.
• Analyze unearned premium reserves and earnings.
• Support the production of financial statements, forecasts, and budget loss ratio assumptions.
• Develop rate indications and evaluating pricing levels.
• Evaluate profitability.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level