Actuaries work with companies and government departments, to help them forecast long-term financial costs and investment risks.
Actuarial Analyst Job Description Template
Our company is looking for a Actuarial Analyst to join our team.
Responsibilities:
- Independently seeks out opportunities for further development and enrichment and actively;
- Presents and details analyses to peers and management;
- Reserve analysis including traditional and non-traditional techniques;
- Participate to the update of documentation;
- Utilize standard actuarial techniques to enhance the products robustness and segmentation;
- Provide clear communication of technical work to technical and non-technical audiences;
- Monitors company and industry loss and premium trends;
- Performs pricing reviews for assigned products;
- Provide technical assistance and information to other departments;
- Performs actuarial reviews for assigned products with minimal supervision;
- Execute pricing initiatives including state-by-state roll-out and developing/automating reporting processes for analysis;
- Provides actuarial support and data analysis needed for departments such as Accounting, Claims, Marketing and Product Management;
- Maintenance of the PIM for regulatory purposes;
- Monitors company and industry loss and premium trends and identifies areas for improvement;
- Facilitate internal and external model validation.
Requirements:
- Must have ability to generate quality work product under tight deadlines in a dynamic, fast-paced environment;
- Must be willing to embrace change and show flexibility in assignments and the work environment;
- Mastery in Excel skills and ability in relational databases, Access and SQL Server;
- Intermediate experience in SQL/PostgreSQL or other database software packages;
- Excellent quantitative, math, analytical, and problem-solving skills;
- Completion / passing of one actuarial exam and a commitment to achieving membership in the Casualty Actuarial Society;
- Demonstrable experience with modeling in R, Python or other modeling software packages;
- Moderate Excel skills and ability in relational databases ? Access and SQL Server;
- Entry level position, either direct from undergraduate program or with up to 3 years of experience;
- Experience with Excel, Microsoft Access, R, and VBA;
- Strong understanding of the ratemaking and/or reserving process;
- BA in Mathematics, Statistics, Economics, or related field;
- Demonstrated ability to code using a primary programming language such as SQL, R, SAS and/or Python;
- 1-3 years of P&C insurance experience in an actuarial role;
- Must demonstrate project management and problem-solving skills.