RESPONSIBILITIES- Responsible for developing and finalizing products, rates, rating plans, pricing strategies, and financial forecasts to achieve company-wide objectives for profitability and growth.
- Models and analyzes product profitability and associated risks.
- Analyzes and presents findings of pricing to help drive business; develops new approaches to test and enhance the accuracy of projections.
- Design improved processes to facilitate increased efficiency.
- Perform ad hoc analyses for the product team.
- Support claims analyses.
- Analyzes trends, factors, and issues that impact results; determines action plans.
- Forecasts business expenses.
- Produces quarterly rate level indications; Assesses and communicates changes in indications every quarter and the drivers of the change(s).
- Selects, reviews, and finalizes analyst selections of loss development patterns for each product.
- Lead contact with the Product Department to generate and finalize necessary documentation for filings within each state, responding to the Department of Insurance, as required, including but not limited to filing RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications).
- Collaborate with third-party consultants as necessary.
- Work with auditors as required.
- Applies expert knowledge to improve processes.
- Assists with all aspects of predictive modeling, including scope, data construction, modeling, and implementation.
- Assists with the quarterly reserve analysis.
- Analyzes and presents monthly reserving reports.
- Prepares monthly estimated loss ratio reports for the accounting team.
- Assists with reserving year-end forecast.
- Assists the accounting team in producing annual statements.
- Manages and reviews work of analyst(s).
- Other duties as assigned.
JOB REQUIREMENTS- Requires a bachelor's degree in mathematics, Actuarial Science, or a related field.
- Requires two years of industry experience.
- Familiarity with programming languages preferred (VBA, R, SQL, Emblem, or similar platform).
- Proficient with Excel, Access, and/or equivalent software.
- Completion of 2 or more examinations with the Casualty Actuarial Society.
- Ability to pursue ACAS/FCAS designation from the Casualty Actuarial Society.
- Strong analytical skills.
- Strong communication skills.
- Ability to work independently and in a team environment.
- Strong written and verbal communication skills.
- Excellent interpersonal and communication skills, including presentation skills.
- Must be flexible in a hybrid, office, or fully remote setting dependent upon company needs.
- This position will be hybrid or fully remote, depending on the candidate's work background, skills, and experience level.
PHYSICAL DEMANDS:The physical demands described here are representative of those required to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to perform manual tasks, including using hands to finger and handle controls. Tasks may also require the ability to talk or hear. The employee will frequently sit, bend, and reach with their hands and arms, and will occasionally be required to stand and walk. The employee may occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus. Other abilities include possessing the capacity to learn, concentrate, think, and read. Often, employees communicate and interact with others while working.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The listed requirements are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and perform any other job-related duties requested by anyone authorized to give instructions or assignments. 
