Actuarial Rating Analyst
About The Position
At EMC, we’re all about working together to make an impact. As part of our team, you’ll have the opportunity to grow, contribute, and gain experience that matters. We strive to be caring leaders, close partners, and responsive experts—always supporting each other to do our best work. Join us, and let’s improve lives together. Essential Functions: Performs assigned premium rating algorithm and data analysis, including building and maintaining requirements and related documentation. Partners with senior team members to support more complex assignments. Collaborates with developers and quality assurance to ensure rating logic and functionality meet project objectives. Engages in quality control checks and peer reviews; recommend process improvements. Prepares and validates data for analysis; maintains data integrity and organizes rating elements. Calculates and reports policy impact measurements to support decision-making. Researches rating-related questions. Builds and tests sample policies and rating scenarios to validate logic. Communicates findings and project updates clearly to stakeholders and team members. Completes required training and certifications. Engages in self-directed and collaborative learning of line of business coverages and rating, including asking questions to learn context and understanding. Develops skills and knowledge of insurance operations. Collaborates and supports actuarial ratemaking work-products including rate impact analysis and rate filings.
Requirements
- Bachelor’s degree in math, statistics, or actuarial science
- One year of actuarial or business analysis experience
- Strong analytical, investigation and problem-solving abilities
- Working knowledge of mathematics, probability, statistics, and financial mathematics
- Proficient working knowledge of Microsoft office products (Excel, Word, PowerPoint, Power BI)
Nice To Haves
- Exposure to product management tools
- Knowledge of at least one programming language, such as SQL or Python preferred
Responsibilities
- Performs assigned premium rating algorithm and data analysis, including building and maintaining requirements and related documentation.
- Partners with senior team members to support more complex assignments.
- Collaborates with developers and quality assurance to ensure rating logic and functionality meet project objectives.
- Engages in quality control checks and peer reviews; recommend process improvements.
- Prepares and validates data for analysis; maintains data integrity and organizes rating elements.
- Calculates and reports policy impact measurements to support decision-making.
- Researches rating-related questions.
- Builds and tests sample policies and rating scenarios to validate logic.
- Communicates findings and project updates clearly to stakeholders and team members.
- Completes required training and certifications.
- Engages in self-directed and collaborative learning of line of business coverages and rating, including asking questions to learn context and understanding.
- Develops skills and knowledge of insurance operations.
- Collaborates and supports actuarial ratemaking work-products including rate impact analysis and rate filings.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
