Senior Actuary Analyst

First Acceptance•Memphis, TN

3d•Hybrid

About The Position

Responsible for developing and finalizing products, rates, rating plans, pricing strategies, and financial forecasts to achieve company-wide objectives for profitability and growth. Models and analyzes product profitability and associated risks. Analyzes and presents findings of pricing to help drive business; develops new approaches to test and enhance the accuracy of projections. Design improved processes to facilitate increased efficiency. Perform ad hoc analyses for the product team. Support claims analyses. Analyzes trends, factors, and issues that impact results; determines action plans. Forecasts business expenses. Produces quarterly rate level indications; Assesses and communicates changes in indications every quarter and the drivers of the change(s). Selects, reviews, and finalizes analyst selections of loss development patterns for each product. Lead contact with the Product Department to generate and finalize necessary documentation for filings within each state, responding to the Department of Insurance, as required, including but not limited to filing RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications). Collaborate with third-party consultants as necessary. Work with auditors as required. Applies expert knowledge to improve processes. Assists with all aspects of predictive modeling, including scope, data construction, modeling, and implementation. Assists with the quarterly reserve analysis. Analyzes and presents monthly reserving reports. Prepares monthly estimated loss ratio reports for the accounting team. Assists with reserving year-end forecast. Assists the accounting team in producing annual statements. Manages and reviews work of analyst(s). Other duties as assigned.

Requirements

Bachelor’s degree in mathematics, Actuarial Science, or a related field.
Two years of industry experience.
Familiarity with programming languages preferred (VBA, R, SQL, Emblem, or similar platform).
Proficient with Excel, Access, and/or equivalent software.
Completion of 2 or more examinations with the Casualty Actuarial Society.
Ability to pursue ACAS/FCAS designation from the Casualty Actuarial Society.
Strong analytical skills.
Strong communication skills.
Ability to work independently and in a team environment.
Strong written and verbal communication skills.
Excellent interpersonal and communication skills, including presentation skills.

Responsibilities

Developing and finalizing products, rates, rating plans, pricing strategies, and financial forecasts.
Modeling and analyzing product profitability and associated risks.
Analyzing and presenting findings of pricing to help drive business.
Developing new approaches to test and enhance the accuracy of projections.
Designing improved processes to facilitate increased efficiency.
Performing ad hoc analyses for the product team.
Supporting claims analyses.
Analyzing trends, factors, and issues that impact results and determining action plans.
Forecasting business expenses.
Producing quarterly rate level indications and assessing/communicating changes and drivers.
Selecting, reviewing, and finalizing analyst selections of loss development patterns.
Acting as lead contact with the Product Department for state filings and responding to the Department of Insurance.
Collaborating with third-party consultants.
Working with auditors.
Applying expert knowledge to improve processes.
Assisting with all aspects of predictive modeling.
Assisting with the quarterly reserve analysis.
Analyzing and presenting monthly reserving reports.
Preparing monthly estimated loss ratio reports for the accounting team.
Assisting with reserving year-end forecast.
Assisting the accounting team in producing annual statements.
Managing and reviewing the work of analyst(s).
Performing other duties as assigned.