Actuarial Analyst

ICW Group

$72K — $121K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field required.
  • Preferred experience includes an actuarial internship with a Property and Casualty Carrier or at least 1 year in a related role.
  • Completion of 2 or more Casualty Actuarial Society (CAS) exams is preferred.
  • Proficient in actuarial models and assessment of results.
  • Knowledge of SQL and basic programming skills are preferred.

Responsibilities

  • Provide complex analyses to address business needs.
  • Solve business problems using proven solutions.
  • Prepare monthly and ad-hoc reports efficiently.
  • Participate in developing and documenting actuarial department processes.
  • Manage critical processes within the department to enhance accuracy and efficiency.
  • Oversee multiple projects from initiation to completion.
  • Collaborate with other departments on larger projects.

Benefits

  • Challenging work that allows you to make a difference.
  • Inclusive environment where your voice is valued.
  • Competitive benefits package including medical, dental, and vision plans.
  • 401K retirement plans with company match.
  • Bonus potential and generous paid time off.
  • Paid holidays throughout the year.
  • Support for continued learning and development.
Full Job Description
ESSENTIAL DUTIES AND RESPONSIBILITIES

Provides complex analyses and participates in process development. 

  • Performs analyses to address business needs.

  • Solves business problems with proven solutions.

  • Prepares monthly and ad-hoc reports.

  • Participates in the development and documentation of actuarial department processes.

  • Manages multiple core/critical processes within the department.

  • Manages processes and modifies as needed in order to improve accuracy and efficiency.

Manages and follows through with assigned projects.

  • Completes assigned projects ensuring that they are delivered on time and within scope.

  • Provides regular status updates to project/task lead.

  • Assumes responsibility in a number of concurrent projects assigned.

  • Works with individuals in other departments in fulfilling the actuarial role within larger projects.

Works to continuously broaden knowledge and improve processes.

  • Develops the skill to efficiently review others’ work and provide feedback.

  • Broadens knowledge around business rules, industry structure, emerging events, and alternate data sources.

  • Learns and applies current analytic tools and methods.

  • Fosters positive, collaborative working relationships with higher level experts across the organization.

Additional responsibilities for Reinsurance (Re) department.

  • Supports ICW Re through actuarial analyses focused on pricing, reserving, and data evaluation for reinsurance submissions.

  • Assists in reviewing the accuracy and completeness of data used in reinsurance transactions and reporting.

  • Prepares reports that summarize findings and supports interpretation of results related to reinsurance portfolios.

  • Leverages catastrophe model outputs in actuarial analysis and develops familiarity with reinsurance exposure metrics.

  • Participates in building tools and processes for reinsurance actuarial analytics and data management.

EDUCATION AND EXPERIENCE

  • Bachelor's degree from four-year college or university required with a preferred major or emphasis in Actuarial Science, Applied Mathematics, Statistics, Economics, Computer Science, or related field. 

  • Actuarial internship with a Property and Casualty Carrier or 1 year of related experience preferred.

  • Completion of 2 or more Casualty Actuarial Society (CAS) exams preferred.

KNOWLEDGE AND SKILLS

  • Exposure to actuarial models and ability to assess results.

  • Ability to apply mathematical concepts and techniques to solve business problems.

  • Knowledge of SQL and other basic programming languages preferred.

  • Ability to grasp analytical concepts and learn new tools.

  • Strong organizational skills with attention to detail. 

  • Adaptable to shifting workloads and building a positive working relationship within the department. 

  • Ability to work on concurrent assignments.

PHYSICAL REQUIREMENTS

Office environment – no specific or unusual physical or environmental demands and employees are regularly required to sit, walk, stand, talk, and hear.  

WORK ENVIRONMENT

This position operates in an office environment and requires the frequent use of a computer, telephone, copier, and other standard office equipment.

#LI-Hybrid

#LI-DS1

The current range for this position is

$72,129.65 - $121,641.71

This range is exclusive of fringe benefits and potential bonuses.  If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

WHY JOIN ICW GROUP?

  • Challenging work and the ability to make a difference 

  • You will have a voice and feel a sense of belonging 

  • We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match 

  • Bonus potential for all positions 

  • Paid Time Off

  • Paid holidays throughout the calendar year 

  • Want to continue learning? We’ll support you 100% 


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