Sr. Actuarial Analyst II

AAA-The Auto Club Group•MI-Admin Office Building (AOB), MI

4d•$86,000 - $130,000•Remote

About The Position

The Senior Actuarial Analyst II provides both advanced and complex risk assessments, sophisticated data analysis and advanced financial forecasting within the actuarial team. Depending on team assignment, develops complex models and manipulates data for pricing and/or reserving products for current and new property/casualty insurance coverage and products. Design, develop and generate essential reports and provide recommendations to leadership.

Requirements

Bachelor’s degree in Mathematics, Actuarial Science, Statistics, or a related field
Successful completion of five or more actuarial examinations
Maintain eligibility in the Actuarial Professional Development Program following department guidelines
Minimum of four years of experience in an actuarial environment to include the following:
Pricing or reserving property and casualty insurance products
Formulating and interpreting mathematical rate making or reserve models
Analyzing technical studies and data and drawing sound conclusions
Performing research and statistical analysis to complete assignments
PC software applications (e.g., Word, Excel, PowerPoint, etc.)
Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions
Coordinating and executing projects
Preparing reports and exhibits for management review
Modeling and complex quantitative analysis resulting in sound recommendations
Expertly preparing property and casualty rate filings
Proficiently preparing property and casualty regulatory filings and statements
Preparing advanced competitive product and rate comparison analysis reports
Completing intricate actuarial research relating to insurance operations
Leading development, implementation, or enhancements to rating plans or reserving methods
Performing in-depth analysis methods such as classification, inflation, and tail factor

Nice To Haves

Master’s Degree in Mathematics, Actuarial Science, Statistics, or related field
Experience with Commercial Lines

Responsibilities

Analyze data, develop material, and prepare appropriate communications
Compile and organize data for actuarial review
Prepare reports, proposals, system documents, filing support and documentation files
Provide recommendations for improving methods, analysis and data gathering techniques used by the actuarial teams
Present project data, results and recommendations to management and senior leaders
Provide consultation and clarification regarding complex actuarial and risk assessment models
Provide instruction in basic actuarial methods and techniques to junior analysts
Formulate and interpret complex mathematical rate making and/or reserving models using available tools
Perform ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products
Support state and regulatory filings and respond to inquiries from auditors/DOIs
Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications and special projects
Research suitable trend indications for analysis, providing material and oral support to recommendations made to management
Performs actuarial adjustments to meet the analysis purpose
Lead projects and/or assignments as required
Coordinate and execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive, or unfairly discriminatory and internally consistent with experience
Provide complex level analysis and preparation of competitive product and rate comparison reports
Analyze competitor’s rate structures and coverage
Develop and prepare competitor rate manual analysis

Benefits

Medical plans with multiple coverage options, including HSA eligibility
Prescription drug coverage
Dental and vision benefits
Employee Assistance Program (confidential support services)
Company-paid basic life insurance
Optional supplemental life insurance and dependent coverage
Short-term and long-term disability coverage
Critical illness, accident, and pet insurance options
401(k) plan to support long-term financial goals. 3% automatic deferral upon eligibility; may contribute 1% to 50% of eligible earnings, either pre or post tax. Company match of 50% paid on employee contributions up to 6% of pay, payable to employees following the end of the year; immediate vesting. Additional company contribution of 4% of pay each pay day into your account; 100% vested after three (3) years of service
Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options
Paid Time Off (PTO): Accrual-based, increases with tenure, eligible at 90 days of employment. Full-time new employees will receive up to 12 PTO days annually; accrual based on start date and may include additional PTO based on role and/or state & local requirements. Part-time employee PTO hours are calculated based upon the standard weekly hours the employee is scheduled to work and will accrue at a minimum of 3 hours per month
Paid Holidays: Full-time employees are eligible for 10 company-paid holidays annually, in addition to 1 mental health day, 2 floating holidays and 1 volunteer day. Holidays vary by business unit schedules. Part-time employees are eligible for 8 company-paid holidays annually, in addition to 1 mental health day and 2 floating holidays. Holidays vary by business unit schedules
Paid leave programs, including parental, bereavement, jury duty, and military leave
Tuition assistance (up to $5,250 annually; 80% covered by ACG)
Professional certification support with 100% reimbursement for eligible programs
Opportunities for career development and advancement
Complimentary AAA membership with roadside assistance and travel discounts
Adoption assistance program