Senior Actuarial Analyst - P&C

Emergent Holdings•Lansing, MI

6d•$90,000 - $120,000

About The Position

This position supports the company’s Actuarial functions, including pricing, reserving, reinsurance analysis, and forecasting. Additional work includes management reporting, competitor analysis, strategy support, financial data calls, and ad hoc projects. The position requires understanding insurance and business operations within Emerging Markets, including AF Group and COBX. The role independently gathers and organizes data, performs actuarial and business analyses, makes recommendations, and presents findings. It includes rate review and filing work, reporting and projection oversight, quarterly reserve analysis, large account pricing tools, underwriting predictive model deployment, reinsurance studies, and capital model and performance metric support. The position also represents Actuarial in cross-departmental and corporate projects, works with external actuaries and consultants, and provides guidance to analysts and interns. The incumbent works with minimum supervision and significant discretion and independent judgment. A bachelor’s degree and at least four CAS examinations are required, as is a minimum of three years of actuarial experience, including at least two years in the P&C industry. After attaining the ACAS designation, the employee must maintain CAS standing, complete annual continuing education requirements, attest as required, and follow the Code of Professional Conduct and applicable actuarial standards of practice. Pursuit of the FCAS designation is optional. The work is performed in an office setting with no unusual hazards. The estimated pay range is $90,000 to $120,000.

Requirements

Bachelor’s degree required, preferably in actuarial science, mathematics, or a related field.
Successful completion of at least four CAS examinations.
At least three years of actuarial experience, including at least two years in the P&C industry.
Excellent presentation and facilitation skills.
Demonstrated leadership and project management abilities.
Ability to make competent, independent decisions.
Excellent oral and written communication skills, including the ability to explain actuarial concepts and conclusions to non-actuaries.
Ability to manage multiple priorities, establish workflows, and meet deadlines.
Knowledge of actuarial principles and practices, underwriting and marketing guidelines, and claims practices.
Ability to perform actuarial and statistical analyses.
Strong working knowledge of Microsoft Office Suite.
Ability to create financial and actuarial models with little direction.
Ability to work independently and as part of a team.
After attaining ACAS, maintain CAS standing, complete annual continuing education requirements, attest as required, and follow the Code of Professional Conduct and relevant actuarial standards of practice.

Nice To Haves

Programming skills in SQL and/or statistical software such as R or Python.
Pursuit of the FCAS designation is optional.

Responsibilities

Gather and organize data and perform analyses for pricing, loss reserving, product development, reinsurance, capital management, and other financial or business purposes; make recommendations and present findings.
Complete rate review analyses, calculate rate indications and actuarial assumptions, communicate results to underwriting leadership, and lead rate review meetings.
Compile rate pages and rate filing support for workers’ compensation and/or other lines of business, and respond to state insurance department questions or objections.
Oversee the rate filing process, monitor schedules and quality, and coordinate with Product Filings on timelines and procedures.
Provide commentary for reports, monitor management reporting metrics and variances, and lead development of departmental reports and tools.
Compile and validate data for financial data calls, submit data using bureau tools and forms, and research and resolve rating bureau inquiries, criticisms, and errors.
Oversee premium and loss projections, coordinate assumptions and documentation with leadership, review projection files for accuracy, and communicate results.
Perform quarterly reserve analyses, identify loss trends, and investigate underlying drivers.
Maintain and update Large Account Pricing tools and work with developers, IT, and Data Analytics to support users and provide technical guidance on referrals.
Complete ad hoc projects with little direction.
Work with the field on deployment of underwriting predictive models.
Serve as an Actuarial liaison with other departments, represent Actuarial on corporate projects, and work with outside actuaries and consultants.
Assist with reinsurance studies, including pricing and commutation studies.
Assist with Capital Model maintenance, support the Capital Management Committee, and develop and maintain risk-adjusted performance metrics.
Provide guidance to and mentor other analysts and interns.
After attaining ACAS, maintain good standing with CAS, complete annual continuing education requirements, attest as required, and follow the Code of Professional Conduct and relevant actuarial standards of practice.