Job Description

Actuarial Associate

Job Summary

Seeking a highly skilled and motivated Actuarial Associate to join a dynamic team. This is a remote position offering the opportunity to work on a diverse range of insurance products, including Property, Workers Compensation, General Liability, Commercial Auto, and Professional Liability. Reporting to the Chief Actuary, the successful candidate will play a pivotal role in performing and communicating actuarial analyses, providing actionable insights, and collaborating across teams to drive data-informed decisions.

Compensation Package

• Salary Range: $125,000 - $155,000 annually + bonus opportunities
• Competitive benefits package, paid time off, professional development opportunities, etc.

Responsibilities

• Conduct profitability analyses and develop indications for various insurance lines of business.
• Assist in analyzing and implementing changes to existing insurance products and developing new products.
• Translate analytical findings into actionable insights and effectively communicate results to both actuarial and non-actuarial stakeholders.
• Identify trends, anomalies, and data quality issues, providing thoughtful recommendations.
• Research new business opportunities and analyze data to advise senior management on profitable business segments.
• Monitor financial and underwriting results to identify emerging trends and risks.
• Create forecasts and estimates, summarizing findings in detailed reports.
• Develop and maintain rating, economic, and other models using best practices and statistical techniques.
• Collaborate with peers to share knowledge, review work, and improve team processes.
• Recommend changes to products, pricing, and risk management to support market share growth and profitability.
• Ensure compliance with internal and external standards and requirements.

Qualifications/Requirements

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field.
• 4 to 7 years of Property & Casualty (P&C) actuarial experience, preferably in commercial lines pricing.
• Progress toward ACAS designation with a minimum of 5 exams passed.
• Strong knowledge of insurance rate-making methodologies and pricing techniques.
• Solid understanding of financial concepts related to P&C insurance.
• Proficiency in SQL for data extraction and manipulation; experience with R or Python is a plus.
• Familiarity with data visualization tools such as Power BI, Qlik, or Tableau is advantageous.
• Excellent analytical, problem-solving, and data analysis skills.
• Strong presentation, verbal, and written communication skills, with the ability to clearly present findings and engage in collaborative discussions.
• Self-starter with a proactive mindset and the ability to take initiative in identifying next steps and driving work to completion.

Disclaimer: Please note that this job description may not cover all duties, responsibilities, or aspects of the role, and it is subject to modification at the employer's discretion. 

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