Actuarial Analyst II |
100% Remote (WFH) Opportunity
General Summary
The Actuarial Analyst II position will participate in a broad variety of activities in support of a dynamic, expanding actuarial function in EMPLOYERS. This position compiles and analyzes company and industry data in support of actuarial functions like the development, pricing, control and administration of products offered by the company, in the estimation of current and future company assets and liabilities, and in the preparation of financial statements and other reports. This position may frequently interact independently with other departments to support various aspects of company operations. We are an innovative company, actively looking for ways to deliver insurance coverage more efficiently. We expect this position to bring creative insights and a strong work ethic to move our actuarial initiatives forward.
Essential Duties and Responsibilities
Complete assigned actuarial analysis, under minimal guidance, using advanced actuarial techniques, deviating from established procedures and incorporating new techniques when necessary. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides.
Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and proactively communicate project progress and status to relevant parties.
Suggest and implement improvements to existing processes/procedures.
Act as a technical and peer reviewer for others’ work, asking probing questions when needed. Work with other technical and peer reviewers to incorporate all changes and commentary.
Present analysis and/or provide technical and non-technical information and explanation to peers, senior staff, and other departments as needed, as well as answer related questions.
Manage small to medium-sized department projects including setting up meetings, keeping notes, and ensuring deadlines are met.
Request and provide respectful and candid feedback on technical and non-technical items.
Demonstrate knowledge of the link between one’s own job responsibilities and the overall organizational objectives, with knowledge of most company business units.
Build constructive and effective relationships across the company, and provide training and guidance to junior actuarial team members and other staff.
Pricing Focus:
Prepares or assists in preparing actuarial Analysis and support, including:
Rate indications
Profitability Reviews
Development of new insurance products
Preparation and defense of rate and rule filings
Development and maintenance of pricing tools and dashboards
Transactional pricing/loss rating for large accounts
Predictive modeling work in the development of new versions of the pricing model
Analysis to determine the Budget Loss Ratio, and other Financial Plan components
Cost Benefit Analyses for new business opportunities
Demonstrates knowledge of most of the areas listed above including expertise in at least three of these areas.
Reserving Focus
:
Prepares or assists in preparing actuarial analysis and support, including:
quarterly loss reserve analysis, on a gross and net-of-reinsurance basis
company balance sheet liabilities
quarterly/annual financial statements, including exhibits and reports
quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment
audit request materials
data calls for NCCI, WCIRB, and other bureaus
requests from actuarial pricing (in the preparation of rate indications, profitability reports, and other applications) and other units
Demonstrates knowledge of the projects listed above, in addition to:
internal and external (bureau) data sources
actuarial methods
Demonstrates expertise in at least two of these projects/areas
Other duties as assigned.
Requirements
2-5 years’ experience of actuarial related work.
Must have a solid working knowledge of Excel, Word, and PowerPoint.
A current knowledge of or a capacity for learning to use other software products such as SQL, VBA, R Python, and/or commercial pricing and reserving tools is expected.
Must be detail oriented and capable of working with minimal supervision.
Must be independent and creative in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management.
Must work well in a team-oriented, collaborative environment.
Must possess effective written and verbal communication skills.
Certification
Successful completion of five or more exams towards attaining ACAS/FCAS or equivalent certification is strongly preferred.
Education
Must have a bachelor’s degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business.
Master’s degree or higher is a plus.
Work Environment
Remote: This role is a remote (work from home (WFH) opportunity) and only open to candidates currently located in the United States and able to work
without
sponsorship.
It requires a suitable space that provides a private and quiet workplace.
Expected Work Hours: Schedules are set to accommodate the requirements of the position and the needs of the organization and may be adjusted as needed.
Travel: May be required to travel to off-site location(s) to attend meetings, as necessary
Salary Range:
$70,000 - $105,000
and a comprehensive benefits package, please follow the link to our benefits page for details!
EMPLOYERS Benefits
About EMPLOYERS
As a dynamic, fast-growing provider of workers' compensation insurance and services, we are seeking a goal-oriented individual willing to put their ideas to work!
We offer a positive, challenging work environment, combined with an opportunity to build your career as you help us grow our business, in innovative and imaginative ways that are uniquely EMPLOYERS!
Headquartered in Nevada, EMPLOYERS attributes its long-standing success to its most valuable resource, our employees across the United States. EMPLOYERS is known for the quality service and expertise we provide to our clients, and the exemplary work environment we provide for our employees.
We live and breathe our core values: Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment. These are the pillars that support how we do business with our clients as well as how we treat each other!
At EMPLOYERS, you’ll discover an energetic environment that inspires top achievement. As “America’s small business insurance specialist”, we have the resources, a solid reputation and an expanding nationwide identity to enrich your work/life and enhance your career. #LI-Remote
About EMPLOYERS