Senior Actuarial Analyst

Senior Actuarial Analyst Our client is a well respected Property & Casualty Insurance Organization and they have Retained The Carlisle Group to conduct a search for a Senior Actuarial Analyst. This position would focus more on Pricing and our client does not require Actuarial designations. This position is 100% remote.

JOB DESCRIPTION

• Loss Cost / Rule Development Create loss costs, rates and rules for insurance products for multiple P&C lines of business for individual member companies. Prepare filing exhibits and memorandums as needed for filings with the various insurance departments. Meet changing market needs as well as regulatory and legislative requirements. • Statistical Data Analysis Data extraction, manipulation and analysis Preparation of reports Review of Statistical Plan and preparation of improvement recommendations

REQUIREMENTS

• 5 years minimum of P&C Insurance experience including understanding of standard actuarial techniques and the state filing and approval process.
• Insurance designation course work preferable.
• College degree required (quantitative major such as Math, Actuarial Science, Accounting or related field).

SKILLS

• Ability to work independently
• Judgment in evaluating data
• Ability to research and develop insurance pricing, products and enhancement recommendations
• Proficient in business software, i.e., Microsoft Office, especially Excel and Word
• Ability to perform arithmetical operations and verify mathematical calculations
• Capable of adapting existing guidelines to varied situations
• Ability to determine and reshuffle priority of work as necessary to multi task and operate in a deadline sensitive environment
• Strong organizational skills and attention to detail
• Ability to read, write and speak the English language and compose correspondence highly professional and tactful manner
• Visual acuity sufficient to accurately review and proof information
• Auditory ability to use a telephone.
• Willing and able to travel as required to out-of-town locations and use public transportation (automobiles, buses, airplanes, etc.)
• Willing and able to work required overtime when necessary to meet operating and business requirements.

JOB DUTIES

• Review, decipher, and analyze key insurance company rate/rule filings.
• Summarize and report filings on key material elements of rate/rule filings including:

Rating algorithms Rating elements Key relativities/factors including (but not limited to): Deductibles Construction / protection classes and factors Base limits and limits offered Amount of insurance relativities Class plans and factors Coverage options Rating tiers • Construct valid comparisons of base loss costs for all reviewed companies in a single state/market: Same limit Same coverage Same deductible Same key rating parameters Consistent conversion of rates to loss costs

• Document research and analysis results with filing quality exhibits as needed.
• Advise on the development of new/revised rating algorithms and key rating elements.
• Advise and suggest on the development of new/revised manual rules.
• Draft Actuarial Filing Memorandums for market analysis rate development efforts.
• Assist (as needed) Product Analysts with responses to Insurance Department questions.
• Represent at various industry meetings and conferences.
• Recommend value added services and programs to current member companies and prospects.
• Review each project and set a realistic deadline.
• Keep abreast of current P&C topics through research, webinars, publications, etc.

MEMBER COMPANY CONTACT

• Communicate with our member companies as needed to discuss filings, loss costs, rules, actuarial documentation, and state objections and answer company questions.

EXTERNAL VENDORS & BOARD CONTACT

• Communicate with various state departments of insurance and outside professional consultants exclusively for business.
• Contact with Board as requested by management. The Carlisle Group