Lead Actuarial Analyst - FCAS Crop Insurance [PR0001A]

ProSidian Consulting•Charlotte, NC

30d•Onsite

About The Position

ProSidian Seeks a Lead Actuarial Analyst - FCAS Crop Insurance (Contract Contingent) in CONUS - Varies to support an engagement for A Department of the United States Federal Govt. that is primarily responsible for developing and executing federal laws related to farming, forestry, and food. It aims to meet the needs of farmers and ranchers, promote agricultural trade and production, work to assure food safety, protect natural resources, foster rural communities and end hunger in the United States and internationally. The ProSidian Engagement Team Members work to provide full evaluation of the Onion Crop Insurance Program provided by the United States Department of Agriculture. It will require advanced analytics to determine what factors may affect policy performance (e.g. time series regression analysis of crop acreages, yields, production, bearing vs. non-bearing acreages by variety, crop utlization, and producer returns). Information from all statistical analyses will need to be consolidated into charts, maps, and other forms to summarize data and include in the Onion Crop Insurance Program and Pilot Onion Stage Removal Option Issues Evaluation Report. Lead Actuarial Analyst - Crop Insurance Candidates shall work to support requirements for PR0001 Program Support and Utilize statistical models to analyze data and calculate the probability of and costs associated with production and marketing of the crop, patterns of loss and regional differences, and adequacy of the premium rates relative to insurance experience. Summarize the results to design and price insurance policies. Create an evaluation and recommendation for the Onion Crop Insurance Program and Pilot Removal Option. The Actuarial Analyst is responsible for the data analysis and preparation for the Onion Crop Insurance Program and Onion Removal Pilot Issues Evaluation Report. Major job responsibilities are categorized in six areas: 1) Industry Research, 2) Insurance Experience, 3) Policy Content and Structure, 4) Rating Sufficiency and Analysis, 5) Pricing Analysis, and 6) Plan of Insurance. Specific job tasks include but are not limited to creating statistical summaries to provide a scope of the crop program and each region (insured liability to total crop value, total liability, loss ratios, among others); determine if there are any discrepancies between the policy provisions, procedures, current practices, and technology in the industry, and identify any policy vulnerabilities and weaknesses; perform an independent evaluation of the prices established for the insured commodity; and prepare statistical summaries of county average yields.

Requirements

The Lead Actuarial Analyst - Crop Insurance shall have consecutive employment in a position with comparable responsibilities within the past five (5) years
Must be able to use a computer to communicate via email
Proficient in Microsoft Office Products (Word/Excel/Power point) and related tools and technology required for the position.
Work products shall be thorough, accurate, appropriately documented, and comply with established criteria.
The candidate shall ensure that duties are performed in a competent and professional manner that meets milestones/delivery schedules as outlined.
To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily.
The requirements listed below are representative of the knowledge, skills, and/or abilities required:
GS-13 Equivalent (e.g., STTA subject matter expert, program manager, senior program analyst, etc.): Bachelor or advanced degree in actuarial science, statistics, computer science, insurance, engineering, mathematics, economics, or related analytics-oriented discipline.
5+ years of experience with demonstrated understanding of relational databases, data extraction, and the ability to organize and analyze complex data sets.
Experience in Agricultural insurance for private companies and/or governments.
U.S. Citizenship Required
Excellent oral and written communication skills
Proficient with Microsoft Office Products (Microsoft Word, Excel, PowerPoint, Publisher, & Adobe)
Advanced Data Analytics (Time series regressions, knowledge of how to apply appropriate statistical models to each job task)

Nice To Haves

3 or more Actuarial CAS Exams are preferred.
Experience in Crop Insurance highly preferred.

Benefits

Competitive Compensation: Pay range begins in the competitive ranges with Group Health Benefits, Pre-tax Employee Benefits, and Performance Incentives.
For medical and dental benefits, the Company contributes a fixed dollar amount each month towards the plan you elect.
Contributions are deducted on a Pre-tax basis.
Group Medical Health Insurance Benefits: ProSidian partners with BC/BS, to offer a range of medical plans, including high-deductible health plans or PPOs.
Group Dental Health Insurance Benefits: ProSidian dental carriers - Delta, Aetna, Guardian, and MetLife.
Group Vision Health Insurance Benefits: ProSidian offers high/low vision plans through 2 carriers: Aetna and VSP.
401(k) Retirement Savings Plan: 401(k) Retirement Savings Plans help you save for your retirement for eligible employees.
A range of investment options are available with a personal financial planner to assist you.
The Plan is a pre-tax Safe Harbor 401(k) Retirement Savings Plan with a company match.
Vacation and Paid Time-Off (PTO) Benefits: Eligible employees use PTO for vacation, a doctor’s appointment, or any number of events in your life.
Currently these benefits include Vacation/Sick days – 2 weeks/3 days | Holidays - 10 ProSidian and Government Days are given.
Pre-Tax Payment Programs: Pre-Tax Payment Programs currently exist in the form of a Premium Only Plan (POP). These Plans offer a full Flexible Spending Account (FSA) Plan and a tax benefit for eligible employees.
Purchasing Discounts & Savings Plans: We want you to achieve financial success.
We offer a Purchasing Discounts & Savings Plan through The Corporate Perks Benefit Program.
This provides special discounts for eligible employees on products and services you buy on a daily basis.
Security Clearance: Due to the nature of our consulting engagements there are Security Clearance requirements for Engagement Teams handling sensitive Engagements in the Federal Marketplace.
A Security Clearance is a valued asset in your professional portfolio and adds to your credentials.
ProSidian Employee & Contractor Referral Bonus Program: ProSidian Consulting will pay up to 5k for all referrals employed for 90 days for candidates submitted through our Referral Program.
Performance Incentives: Due to the nature of our consulting engagements there are performance incentives associated with each new client that each employee works to pursue and support.
Flexible Spending Account: FSAs help you pay for eligible out-of-pocket health care and dependent day care expenses on a pre-tax basis.
You determine your projected expenses for the Plan Year and then elect to set aside a portion of each paycheck into your FSA.
Supplemental Life/Accidental Death and Dismemberment Insurance: If you want extra protection for yourself and your eligible dependents, you have the option to elect supplemental life insurance.
D&D covers death or dismemberment from an accident only.
Short- and Long-Term Disability Insurance: Disability insurance plans are designed to provide income protection while you recover from a disability.