Actuarial Small Business Workers Comp LRP & Trend
About The Position
Join our Workers’ Compensation line of business pricing actuarial team, supporting a $3.5B book across both Small (SB) and Middle & Large (M&L) Business segments. As a market leader within the WC industry there is significant visibility from leadership. This Sr Actuarial Analyst position plays a key role for the WC LOB Actuarial team, supporting the team’s planning responsibilities. The candidate will gain deep exposure into Loss Ratio Planning (LRP), monitoring of underlying loss cost trends, as well as supporting our leadership communications (MOM/MBR and quarterly HOTL). The position will work in close partnership with a variety of business partners including SB & M&L segment actuarial, reserving, performance analytics, product, data science, IT, and others. We seek a candidate with strong statistical, analytical and communication skills, who is eager to challenge and continuously improve established processes and creatively solve new problems.
Requirements
- Bachelor’s Degree required.
- Actuarial exam path to become a credentialed actuary with at least 2 passed exams required.
- Minimum of 2+ years of Property and Casualty Insurance Actuarial experience.
- Knowledge of Actuarial pricing and reserving techniques.
- Strong technical/analytical skills; proficiency in Excel required and experience with R/Python preferred.
- General knowledge of Property and Casualty insurance operations.
- Effective oral and written communications skills.
- Independently motivated; constantly looks for areas to add value.
- Teamwork skills including ability to effectively collaborate and work with individuals across various teams
Responsibilities
- Own key components of the annual Loss Ratio Planning processes, including analyses of historical and prospective loss trends, large losses, ALAE, and related topics.
- Monitor loss and business performance relative to planned expectations, with responsibility for supporting monthly and quarterly Health of the Line leadership reviews.
- Perform ad-hoc, in-depth analyses to diagnose key drivers of performance vs plan.
- Partner with the team to continuously improve the group’s analytical tools, processes, and capabilities
- Stay current on industry trends and external perspectives to help inform internal analyses.
Benefits
- short-term or annual bonuses
- long-term incentives
- on-the-spot recognition
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
