Actuarial Analyst

Job Type:

Full timeSalary

Job Description:

 

Location Details:

Remote

Position Schedule / Shift:

Monday – Friday, 8am – 5pm

Position Summary:

Applicants for this position are required to be eligible to lawfully work in the U.S. immediately. Employer will not sponsor applicants for U.S. work authorization (example: H-1B visa) for this role.

Depending on team assignment, responsible for learning and utilizing various actuarial techniques and procedures, to include but not limited to:

• 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 support to projects as required

• Develop pricing and/or reserving for current and/or new property/casualty insurance coverage and products

• Formulate and interpret mathematical ratemaking and/or reserving models using available tools

• Assist with or handle as needed 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

• Begin to apply actuarial methods and principles to obtain indications, complete projects, analyze results, and make recommendations

• Research suitable trend indications for analysis

• communicate effectively with others in a work environment and make oral presentations to business units

• Represent the department on inter-department teams

• Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience

• Analyze and prepare competitive product and rate comparison reports

• Analyze competitor’s rate structures and coverage

Qualifications:

Required

Education:

• Bachelor’s degree in Mathematics, Actuarial Science, Statistics or a related field

• Successful completion of one or more actuarial examinations either prior to or within 18 months of date of hire

• Maintain eligibility in the Actuarial Professional Development Program following department guidelines

Experience in:

• Performing research and statistical analysis to complete assignments

• PC software applications (e.g. Word, Excel, PowerPoint, etc.)

Knowledge of:

• Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusion

Skills and Ability to:

• Preparation/presentation of material

• Managing workflow to achieve multiple goals

• Working individually and as part of a team

Preferred

Education:

• Successful completion of one or more Casualty Actuarial Society (CAS) or Society of Actuaries (SOA) examinations

Experience:

• Demonstrated experience utilizing actuarial concepts in business and analytical decision-making

Knowledge of:

• Insurance industry terminology and concepts

Work Environment:

This position works from a home office location. Depending on the role, some employees may be required to come into the office, at a minimum, for important departmental meetings or team building events.

Compensation & Benefits Overview:

ACG complies with all applicable state and local laws regarding required benefits (including PTO, paid sick leave, etc.).

Compensation

Actuarial Analyst will earn a competitive salary of $65,000 - $80,000 annually with annual bonus potential based on performance.

Benefits

At ACG, we offer a comprehensive and flexible benefits package designed to support your health, financial well-being, and professional growth.

Health & Wellness

• Medical plans with multiple coverage options, including HSA eligibility

• Prescription drug coverage

• Dental and vision benefits

• Employee Assistance Program (confidential support services)