Sr. Actuarial Research Analyst - Hybrid

Worker's Compensation Insurance Rating Bureau•San Francisco, CA

12h•Hybrid

About The Position

At the WCIRB, the Sr. Actuarial Research Analyst is part of an innovative team that applies new methodologies and data to answer traditional actuarial questions. The team brings curiosity to their work, plans time for exploration into each project, and expects everyone involved to suggest new approaches to research questions. The role promotes a healthy work/life balance that includes a hybrid work schedule and the availability of a compressed work week. The Workers' Compensation Insurance Rating Bureau of California (WCIRB) is California's trusted, objective provider of actuarially-based information and research, advisory pure premium rates, and educational services integral to a healthy workers' compensation system. The WCIRB is a California unincorporated, private, nonprofit association comprised of all companies licensed to transact workers' compensation insurance in California, and has over 400 member companies. Its operations are funded primarily by membership fees and assessments, with no state money used. To accurately measure the cost of providing workers' compensation benefits, the WCIRB performs functions such as collecting premium and loss data, examining policy documents, inspecting insured businesses, and conducting test audits of insurer payroll audits and claims classification. The team works on various workers’ compensation topics, including research into the optimal form of their innovative experience rating plan and deeper dives into drivers of workers’ compensation costs as in their annual Geo Study. The WCIRB employs approximately 175 people, with its home office located in San Francisco, California.

Requirements

Bachelor of Science degree preferably in mathematics, statistics, actuarial science, data science, economics or related field.
Completion Casualty Actuarial Society examinations through CAS Exam 5.
Minimum of two years’ demonstrated proficiency as an Actuarial Research Analyst or an equivalent actuarial position.
Strong proficiency in programming with a minimum of four years of SQL, R or Python programming experience through a combination of an Actuarial Research Analyst or equivalent role and coursework.
Proficiency in Microsoft Office suite.
Ability to clearly communicate findings, issues, and recommendations both internally and externally. Must be able to communicate both verbally and in writing in a professional manner.
Ability to work collaboratively on projects
Ability to work independently

Responsibilities

Compiles complex data sets for research projects using R, SQL, or comparable software. Downloads data from data warehouses or compiles data from other sources for analysis in spreadsheets (such as Excel) or statistical software (such as R).
Proofs and audits data for accuracy, reasonableness, and suitability. Identifies outliers and other anomalous patterns and brings these to the attention of the Vice President, Actuarial Research.
Compiles and maintains databases from internal and external sources and updates regularly published reports and analyses.
Supervises the development and maintenance of research databases.
Assists in proofing accuracy and reasonableness of others’ analyses.
Under guidance or supervision of the Vice President, Research, performs thorough actuarial and statistical analyses of various data, applying judgment and discretion in the analyses, in the development of findings and their communication in presentations.
Interacts and communicates with representatives of other units of the WCIRB on various research and data-related projects and issues as assigned.
Corresponds verbally or in writing with WCIRB members and other customers, such as the insurance department and governmental agencies, as directed.