Senior Actuarial Analyst (Specialty Lines)

ICW Group

$95K — $160K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Mathematics, Statistics, Economics, or related field required.
  • Minimum of 4 Casualty Actuarial Society (CAS) exams completed.
  • At least 3 years of relevant experience, ideally in commercial lines pricing.
  • Proficient in Excel, Python, and SQL; strong technical pricing skills.
  • Excellent communication skills suitable for both technical and non-technical audiences.

Responsibilities

  • Provide complex analyses to support company objectives in pricing and reserving.
  • Enhance pricing tools for E&S product lines and conduct pricing reviews for large accounts.
  • Identify potential issues and recommend solutions based on analytical results.
  • Manage multiple core processes, improving accuracy and efficiency as needed.
  • Deliver projects on time and keep stakeholders informed throughout the project lifecycle.
  • Train and guide junior staff members to foster a self-sustaining department.

Benefits

  • Challenging work with a meaningful impact.
  • Inclusive work environment that values employee voice.
  • Competitive benefits including medical, dental, and vision plans.
  • 401K retirement plans with company match.
  • Bonus potential for all positions and paid time off.
  • Support for ongoing learning and professional development.
Full Job Description

ESSENTIAL DUTIES AND RESPONSIBILITIES

Provides complex analyses and participates in process development to support company objectives.

  • Provides technical, actuarial analyses in the areas of pricing, reserving, analytics, and systems integration.
  • Support development and enhancement of pricing tools for E&S product lines.
  • Perform individual large complex accounts pricing review and work closely with E&S underwriters.
  • Identifies potential issues, weighs in the analysis results, recommends mitigation strategies and solutions through sound decision making process.
  • Builds and enhances the pricing framework such as assessing profitability metrics, closing any pricing disparity, expanding modeling capabilities and exploring additional parameters.
  • Manages multiple core/critical processes within the department.
  • Manages processes and modified as needed 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.
  • Ensures key stakeholders are identified and regularly informed of project status.
  • Assumes responsibility in a number of concurrent projects assigned.
  • Works with individuals in other departments in fulfilling the actuarial role within larger projects.
  • Promotes the use of predictive analytics throughout the organization.

Works to continuously broaden knowledge and guides junior level team members.

  • Provides training and technical guidance to actuarial department staff in support of a self-sustaining culture.
  • Develops the skill to efficiently review others’ work and to provide valuable feedback.
  • Broadens knowledge around business rules, industry structure and emerging events, and alternate data sources.
  • Learns and applies current analytic tools and methods. Stays abreast of professional developments and industry trends.
  • Fosters positive, collaborative working relationships with higher level experts across the organization.
  • Researches, develops, and applies new analytical techniques that are applicable to the business and share knowledge with peers and teammates.

QUALIFICATIONS


Technical Skills

Proficient in Excel, Python and SQL;
Strong understanding of rating structures, pricing methodologies, and insurance operations.
Strong technical pricing skills and knowledge of stochastic simulation techniques.

Soft Skills

Excellent verbal and written communication skills; able to clearly explain complex actuarial concepts to both technical and non-technical audiences.
Strong ownership mindset and ability to work independently while contributing to team initiatives.
Strategic thinker with a proactive attitude and comfort working in ambiguity.
Ability to work independently in deriving solutions to new business problems.

SUPERVISORY RESPONSIBILITIES

This role does not have direct reports but may mentor and/or train junior team members.

EDUCATION AND EXPERIENCE

Bachelor's degree from four-year college or university required with a major or emphasis in Mathematics, Statistics, Economics, Computer Science, or related field. Minimum of 4 Casualty Actuarial Society (CAS) exams required. Minimum 3 years of related experience required. Experience in commercial lines pricing preferred.

CERTIFICATES, LICENSES, REGISTRATIONS

None required.

KNOWLEDGE AND SKILLS

Strong interpersonal and communication skills. Thorough knowledge of actuarial models and ability to assess results. Working knowledge of emerging analytic techniques. Practice critical thought process in enhancing existing products and processes. Ability to make sound decisions within areas of responsibility with minimal supervisory input. Ability to fully manage a complex product, requiring expertise spanning actuarial methods, advanced analytic techniques, in-depth business knowledge, and in-depth systems and data knowledge.

PHYSICAL REQUIREMENTS

Office environment 6 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-DS1

#LI-Hybrid

The current range for this position is

$95,378.98 - $160,850.17

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? We9ll support you 100%

Job Category

Actuarial

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