Associate Actuary - Pricing

Coverys, Inc.

$131K — $155K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required;
  • 5+ years of related experience and/or training required;
  • ACAS, ASA, or AIA designation required;
  • Strong data interpretation and analysis skills;
  • Proficient in report writing and communication;
  • Advanced knowledge of Microsoft Excel;
  • Familiarity with tools such as Tableau, R, SAS, Python, or SQL.

Responsibilities

  • Develop actuarial templates and improve methodologies for analysis;
  • Lead initiatives to enhance team tools and processes;
  • Manage actuarial projects for timely and accurate delivery;
  • Conduct peer reviews for accuracy and reliability of work;
  • Update and enhance existing actuarial models;
  • Perform innovative analyses on unfamiliar topics;
  • Clearly justify and communicate actuarial decisions to stakeholders;
  • Collaborate and mentor junior team members.

Benefits

  • Opportunity for leadership and thought leadership in the field;
  • Engagement in innovative analysis and improvement initiatives;
  • Supportive team environment encouraging collaboration;
  • Professional growth with mentoring opportunities;
  • Use of diverse analytical tools and technologies.
Full Job Description

Position Summary

The Associate Actuary applies actuarial concepts to analyze insurance premium, claim and exposure information. Provide analyses and commentary to our internal and external customers. Recommends methodology changes and leads team initiatives.

Essential Duties & Responsibilities

  • Design and Methodology: Develop actuarial templates and recommend methodologies to enhance analytical processes.

  • Thought Leadership: Lead initiatives to improve team tools and processes, serving as a thought leader within the team.

  • Project Management: Manage actuarial projects, ensuring timely and accurate completion.

  • Peer Review: Conduct thorough peer reviews of actuarial work to ensure accuracy and reliability.

  • Model Augmentation: Enhance and update existing actuarial models to improve their effectiveness.

  • Innovative Analysis: Perform and improvise analyses on unfamiliar topics, determining appropriate methods and deviating from standard tools/formulas when necessary.

  • Justification and Communication: Justify and explain actuarial work and decisions clearly and effectively.

  • Team Collaboration: Communicate effectively across the team, ask for help when needed, and mentor junior team members.

Education, Experience, Competencies & Values

  • Bachelor's degree required; 5+ years of related experience and/or training required.

  • ACAS, ASA, or AIA required.

  • Ability to interpret and analyze various types of data.

  • Ability to write reports and correspondence.

  • Ability to present analytical analyses and concepts to diverse groups.

  • Microsoft Office proficiency required to analyze and present actuarial information (Word, Access, PowerPoint, etc.) Advanced knowledge of Microsoft Excel.

  • Working knowledge of other tools such as Tableau, R, SAS, Python or Microsoft SQL,  which includes data extraction and manipulation.

Base salary range is $131,845 - $155,110. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

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