Actuary Analyst II

First Acceptance•Memphis, TN

1d•Hybrid

About The Position

Supports the development of products, rates, rating plans, pricing strategies, and financial forecasts to help achieve company-wide objectives for profitability and growth. Models and analyzes product profitability and associated risks. Analyzes and presents findings of pricing to help drive business; develops new approaches to test and enhances the accuracy of projections. Design improved processes to facilitate increased efficiency. Perform ad hoc analyses for the product team. Support claims analyses. Analyzes trends, factors, and issues that impact results and assists in developing recommended action plans. Forecasts business expenses. Assists in producing quarterly rate level indications and helps communicate changes in indications and the key drivers of those changes. Assists with reviewing loss development patterns and supports the selection process for each product. Supports coordination with the Product Department to prepare necessary documentation for state filings and assists with responses to Departments of Insurance, as required, including but not limited to RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications). Collaborate with third-party consultants as necessary. Work with auditors as required. Applies actuarial and technical knowledge to support process improvements. Assists with all aspects of predictive modeling, including scope, data construction, modeling, and implementation. Assists with the quarterly reserve analysis. Analyzes and presents monthly reserving reports. Prepares monthly estimated loss ratio reports for the accounting team. Assists with reserving year-end forecast. Assists the accounting team in producing annual statements. Reviews own work for accuracy and may assist with peer review of routine analyses, as appropriate. Other duties as assigned.

Requirements

Requires a bachelor’s degree in mathematics, Actuarial Science, or a related field.
Requires one year of industry experience.
Familiarity with programming languages preferred (VBA, R, SQL, Emblem, or similar platform).
Proficient with Excel, Access, and/or equivalent software.
Completion of 2 or more examinations with the Casualty Actuarial Society.
Ability to pursue ACAS/FCAS designation from the Casualty Actuarial Society.
Strong analytical skills.
Strong communication skills.
Ability to work independently and in a team environment.
Strong written and verbal communication skills.
Excellent interpersonal and communication skills, including presentation skills.

Responsibilities

Supports the development of products, rates, rating plans, pricing strategies, and financial forecasts to help achieve company-wide objectives for profitability and growth.
Models and analyzes product profitability and associated risks.
Analyzes and presents findings of pricing to help drive business; develops new approaches to test and enhances the accuracy of projections.
Design improved processes to facilitate increased efficiency.
Perform ad hoc analyses for the product team.
Support claims analyses.
Analyzes trends, factors, and issues that impact results and assists in developing recommended action plans.
Forecasts business expenses.
Assists in producing quarterly rate level indications and helps communicate changes in indications and the key drivers of those changes.
Assists with reviewing loss development patterns and supports the selection process for each product.
Supports coordination with the Product Department to prepare necessary documentation for state filings and assists with responses to Departments of Insurance, as required, including but not limited to RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications).
Collaborate with third-party consultants as necessary.
Work with auditors as required.
Applies actuarial and technical knowledge to support process improvements.
Assists with all aspects of predictive modeling, including scope, data construction, modeling, and implementation.
Assists with the quarterly reserve analysis.
Analyzes and presents monthly reserving reports.
Prepares monthly estimated loss ratio reports for the accounting team.
Assists with reserving year-end forecast.
Assists the accounting team in producing annual statements.
Reviews own work for accuracy and may assist with peer review of routine analyses, as appropriate.
Other duties as assigned.