Actuarial Analyst I

Division and Location Division or Field Office: Actuarial Division Department of Position: Pricing Department Work Location: Corporate Office, Erie, PA Salary Range: $54,176.00 - $86,542.00 Position may be eligible for an annual bonus payment. Position Summary The Hiring Manager will also consider candidates for Actuarial Analyst II. Level of position offered will be based upon the depth and breadth of selected candidate's experience and qualifications. Duties and Responsibilities Conducts basic actuarial analysis. Collects and analyzes data in support of ERIE’s property/casualty product pricing, enterprise risk management, loss reserving, data science, and/or predictive modeling disciplines. Conducts basic rate reviews, prepares rate studies, and provides pricing recommendations. With guidance, acts as a project coordinator for the rate review process. Coordinates rate review project teams composed of product development, underwriting, claims and sales personnel. Prepares materials to support state insurance department rate filings, manual pages, and system rate tables. Conducts basic loss reserving reviews and claims-related studies. Provides reserving recommendations. Prepares materials to support financial reports, leadership communications, and statements of actuarial opinion. Performs basic risk assessments and builds enterprise risk reports. Maintains sophisticated capital and catastrophe models, and otherwise supports ERIE’s enterprise risk management program. Supports reinsurance decision making with basic analysis. Provides basic data insights and builds predictive models for pricing, claim management, marketing, underwriting, product, and other enterprise initiatives. Assists with solutions for business problems using a data-driven focus and data science techniques. Uses statistical tools to perform basic analysis and summarize findings. Works closely with experienced departmental staff and learns actuarial techniques, data sources and computer programs as required. Creates exhibits, reports, maps and charts for actuarial studies and regulatory requests. Analyzes ERIE's financial data and industry statistical information and prepares periodic updates for management, using appropriate presentation format. Completes special projects as required. Develops and maintains procedures to improve work flow and productivity. Present studies, findings, risks, and recommendations to management and communicates with other departments as required. Develops and applies a basic knowledge of actuarial procedures used by ERIE, competitors, rate bureaus, rating agencies, and regulators. Visits field offices and/or Agent meetings as required to present actuarial information. Competencies Values Diversity Nimble Learning Self-Development Collaborates Information Management Skills Customer Focus Cultivates Innovation Job-Specific Knowledge Instills Trust Optimizes Work Processes Decision Quality Ensures Accountability Qualifications Bachelor's degree in mathematics or a related field required. Successful completion of one actuarial exam and demonstrated exam progress required. Basic knowledge of spreadsheet, database and related software required. Some previous programming experience preferred. Physical Requirements Lifting/Moving 0-20 lbs; Occasional ( Lifting/Moving 20-50 lbs; Occasional ( Driving; Rarely Pushing/Pulling/moving objects, equipment with wheels; Occasional ( Manual Keying/Data Entry/inputting information/computer use; Often (20-50%) Climbing/accessing heights; Rarely Ability to move over 50 lbs using lifting aide equipment; Rarely Benefits Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work. Low contributions to medical and prescription premiums. We currently pay up to 97% of employees’ monthly premium costs. Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service. 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension. Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave. Career development. Including a tuition reimbursement program for higher education and industry designations. Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year. #J-18808-Ljbffr Erie Insurance Group