Sr. Actuarial Anlyst- Auto Pricing
About The Position
The Senior Actuarial Analyst analyzes and recommends revisions to rates and rating plans for assigned insurance lines, including auto pricing. The role prepares rate filings that are generally complex or non-routine and performs actuarial analysis of loss and loss adjustment expense reserves. It represents the Actuarial Department in interdepartmental meetings and discussions with other Home Office departments and regional personnel, assists with the training and development of professional actuarial personnel, and completes special actuarial projects and other assigned functions. The position may be performed in person at a Farmers office or virtually from an approved alternative work location. Employees living within 50 miles of a corporate office work at least three days in the office and up to two days virtually; applicants living farther away may also be considered. Required duties are normally performed in a climate-controlled office environment. The role requires continued educational development toward ACAS or higher.
Requirements
- High school diploma or equivalent.
- For salary grade 34: Passed three Casualty Actuarial Society exams and have at least one year of actuarial experience.
- For salary grade 35: Passed five Casualty Actuarial Society exams, with all required VEE credits, and have at least two years of actuarial experience.
- Technical experience with VBA and R or Python, SQL, and SAS.
Nice To Haves
- Bachelor’s degree, preferably with at least a minor in mathematics.
Responsibilities
- Analyze and recommend revisions in rates and rating plans for assigned lines of insurance.
- Prepare rate filings, generally of a more complex or non-routine nature.
- Represent the Actuarial Department in interdepartmental meetings and discussions with Home Office departments and regional personnel.
- Assist in training and developing professional actuarial personnel as assigned.
- Perform actuarial analysis of loss and loss adjustment expense reserves for assigned lines of insurance.
- Perform special actuarial projects and other functions as assigned.
- Continue educational development in the related job field to achieve ACAS or higher.
Benefits
- Competitive salary commensurate with experience, qualifications, and location.
- Bonus opportunity based on company and individual performance.
- 401(k).
- Medical insurance.
- Dental insurance.
- Vision insurance.
- Health Savings and Flexible Spending Accounts.
- Life insurance.
- Paid Time Off.
- Paid parental leave.
- Tuition assistance.
- Meaningful volunteer projects.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
