Senior Actuarial Analyst

GREATER NEW YORK MUTUAL INSURANCE COMPANYNew York, NY
1dHybrid

About The Position

Predominately remote position with a requirement to be in the NYC office every Wednesday. Position Summary: The purpose of this job is to automate profitability and loss trends analyses, perform ISO rate impact analyses and conduct statewide rate filings for pricing adequacy and provide competitive pricing insights to enhance profitability. This role also integrates pricing tools and actuarial analyses by utilizing AI and visualization tools.

Requirements

  • Bachelor's degree from an accredited institution in Actuarial Science, Mathematics, Statistics or a related field required.
  • Minimum 4 years of professional experience specialized in the actuarial field required.
  • Minimum 5 passed actuarial exams required and working toward completion of ACAS or FCAS.
  • Proficiency in Python, SQL and Excel VBA required.
  • Excellent problem-solving and programming skills.
  • Strong ability to quickly learn new programming languages and AI applications.
  • Ability to exchange ideas and convey complex information clearly and concisely, both verbal and in writing.
  • Strong business and collaboration skills and responsive to service needs and operational demands.
  • Flexibility, resourcefulness, optimism, and a growth mindset.

Nice To Haves

  • Master’s Degree preferred.
  • Working knowledge of AI applications and PowerBI preferred.

Responsibilities

  • Perform and automate ratemaking process for state rate filings by using AI and advanced programming skills for commercial lines of business, including Commercial Property, General Liability, Workers Compensation and Commercial Auto.
  • Perform and automate industry and company profitability analyses as well as loss trends analyses.
  • Perform and automate ISO circular rate impact analysis for various states.
  • Integrate and transform actuarial results by using AI and data visualization tools (e.g. PowerBI) to facilitate communications with senior management and underwriters.
  • Provide pricing strategy and market intelligence insight.
  • Participates in special projects and performs additional duties as requested.

Benefits

  • Base pay is just one component of GNY’s total compensation package for employees.
  • Other rewards include eligibility for an annual discretionary bonus based on performance.
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