Actuarial Analyst

Paragon Insurance Holdings•Avon, CT

8h•Hybrid

About The Position

Paragon, incepted in 2014, is one of the fastest growing MGAs in the country, built on a strategy of diversity and agility. They aim to reshape the industry by investing in talent, offering better pay, benefits, and growth opportunities. As a broadly diversified MGA, Paragon supports retail agents, insurance carriers, and reinsurers with strong underwriting talent, broad capabilities, sophisticated operations, and varied business interests, with the goal of helping partners do business better. The Actuarial Analyst position is an entry-level role, working a hybrid schedule from the Avon CT office. This role requires exposure to actuarial knowledge, CAS Exams, college coursework, or prior related internships. The analyst will heavily rely on analytical skills, actuarial methods/techniques, and an understanding of commercial insurance to analyze and reconcile data, and transform it into useful reports and dashboards for program managers and underwriters. Key responsibilities also include monthly/quarterly reporting, ad-hoc support, and verifying data source validity. Successful candidates will demonstrate exceptional critical thinking, effective collaboration across disciplines, and clear communication of complex findings.

Requirements

1 to 3 years of relevant actuarial exposure/knowledge (including internships, college course work)
BS/BA degree preferred
1 to 3 exams from CAS/SOA
Strong communications skills with ability to influence decision making and actions as needed
Strong Microsoft Excel skills required
Successful with time management and the ability to multitask as well as work independently
Limited travel expected / required

Nice To Haves

Microsoft SQL skills preferred
VBA knowledge a plus
Knowledge of various reinsurance arrangements a plus

Responsibilities

Knowledgeable in actuarial fundamentals, principles and practices including, but not limited to Various loss development techniques, on-leveling, trend, excess factors, etc.
Perform program profitability analyses on a quarterly / bi-annual basis
Maintain monthly rate/retention reporting and quarterly Actual versus Expected report
Maintain/enhance various rating templates in Microsoft Excel
Produce quarterly renewal rate change targets for various programs
Initiate and/or participate in process improvements to streamline existing tasks or improve the actuarial product.
Assist in gathering market intel via SERFF public access
Partner with data operations team in building/improving various dashboards
Perform ad-hoc analyses based on program manager requests
Other duties as assigned