Lead Actuarial Analyst

Plymouth Rock Assurance•Boston, MA

7h•$114,000 - $152,000

About The Position

We are seeking a highly analytical Lead Actuarial Analyst to join our dynamic Boston-based Home Actuarial team. As an Actuarial Analyst for our @Home business, you will be responsible for identifying and diagnosing key drivers of our business results through reserve studies, rate indications, and complex analyses. This is position and will have the opportunity to influence the way actuarial analytics drive our innovative and growing homeowners product.

Requirements

Expertise in SQL, with hands on Python, Tableau, and ResQ experience preferred
Exceptional critical-thinking, problem-solving, and analytical skills
Knowledge of how insurance pricing works and how to get things approved by state regulators
Ability to leverage predictive models and other quantitative concepts to improve pricing sophistication
Ability to diagnose business problems, identifying appropriate data and information needed to perform analyses
Proven ability to clearly communicate complex actuarial analyses, both in writing and verbally, to technical and non-technical stakeholders.
6+ years of property and casualty actuarial experience
Commitment to achieving membership in the Casualty Actuarial Society. Have achieved ACAS or near-ACAS
Proven mathematical and analytical skills, as generally acquired through pursuit of a Bachelor’s degree in Mathematics, Statistics, Economics, Actuarial Science, or related field
Higher level degree preferred

Responsibilities

Utilize core actuarial skillsets including ratemaking, reserving, CAT management and reinsurance while being embedded in the Product team
Provide mentorship and support to junior employees, including oversight of Interns
Analyze complex internal and external data to understand drivers of trends and profitability
Build predictive models of moderate complexity to improve pricing sophistication and roll out underwriting initiatives
Monitor the competitive, and regulatory environment for homeowners insurance, proactively identifying emerging threats to our objectives and implementing solutions
Serve as a regulatory expert, providing a thorough understanding of our products and endorsements
Develop quarterly homeowners reserve analyses, incorporating both traditional and non-traditional methods to accurately estimate future reserves
Collaborate with the Product and Claims teams, understanding business and operational changes to improve reserve estimate accuracy
Assess profitability of the homeowners business, working with Actuarial Managers and Product Managers to determine rate needs and pricing opportunities
Drive continuous improvement of reserving, indications, and loss ratio forecasting processes
Execute deep dive analyses on underperforming segments to identify and correct key drivers

Benefits

Paid time off
Free onsite gym at our Boston location
Tuition reimbursement
Low cost and excellent health insurance coverage options that start on Day 1 (medical, dental, vision)
Robust health and wellness programs
Auto and home insurance discounts
Matching donation opportunities
Annual 401(k) employer contribution
Various Paid Family leave options including Paid Parental Leave
Resources to promote professional development
Convenient locations and pre-tax commuter benefits