Actuarial Data Scientist | 100% Remote

General Summary:

The Actuarial Data Scientist position will participate in a broad variety of activities in support of a dynamic, expanding actuarial function in EMPLOYERS. This position compiles and analyzes company and industry data in support of actuarial functions like the development, pricing, control and administration of products offered by the company, in the estimation of current and future company assets and liabilities, and in the preparation of financial statements and other reports. This position may frequently interact independently with other departments to support various aspects of company operations. We are an innovative company, actively looking for ways to deliver insurance coverage more efficiently. We expect this position to bring creative insights and a strong work ethic to move our actuarial initiatives forward.

Essential Duties and Responsibilities:

Prepares or assists in preparing actuarial Analysis and support, including:

• Rate indications
• Profitability Reviews
• Development of new insurance products
• Preparation and defense of rate and rule filings
• Development and maintenance of pricing tools and dashboards
• Transactional pricing/loss rating for large accounts
• Predictive modeling work in the development of new versions of the pricing model
• Analysis to determine the Budget Loss Ratio, and other Financial Plan components
• Cost Benefit Analyses for new business opportunities
• Quarterly loss reserve analysis, on a gross and net-of-reinsurance basis
• Company balance sheet liabilities
• Quarterly/annual financial statements, including exhibits and reports
• Quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment
• Audit request materials
• Data calls for NCCI, WCIRB, and other bureaus

Demonstrates expertise and is responsible for at least two projects/areas.

• Complete assigned actuarial analysis, under minimal guidance, using advanced actuarial techniques, deviating from established procedures and incorporating new techniques when necessary. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides.
• Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and proactively communicate project progress and status to relevant parties.
• Suggest and implement improvements to existing processes/procedures.
• Act as a technical and peer reviewer for others’ work, asking probing questions when needed. Work with other technical and peer reviewers to incorporate all changes and commentary.
• Present analysis and/or provide technical and non-technical information and explanation to peers, senior staff, and other departments as needed, as well as answer related questions.
• Manage small to medium-sized department projects including setting up meetings, keeping notes, and ensuring deadlines are met.
• Request and provide respectful and candid feedback on technical and non-technical items.
• Demonstrate knowledge of the link between one’s own job responsibilities and the overall organizational objectives, with knowledge of most company business units.
• Build constructive and effective relationships across the company, and provide training and guidance to junior actuarial team members and other staff.
• Build systems and infrastructures that collect and process data according to company needs and goals.
• Build, evolve and scale out infrastructure to ingest, process and extract meaning out data.
• Design, develop and implement statistical models to carry out various novel aspects of classification and information extraction from data.
• Leverage existing data infrastructure to fulfill all data-related requests, perform necessary data housekeeping, data cleansing, normalization, hashing, and implementation of required data model changes.
• Analyze data to spot anomalies, trends and correlate similar data sets.
• Other duties as assigned or as business needs arise.

Job Requirements:

• Must have a bachelor’s degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business.Master’s degree or higher is a plus.
• Minimum 5 years’ of progressive actuarial or other insurance work and experience.
• Has passed a majority of actuarial exams towards ACAS or has an insurance-related certification (e.g. CPCU, CSPA, WCCA).
• Must have an advanced knowledge of Excel, Word, and PowerPoint.
• Strong analytical and problem-solving skills.
• Proven experience in leading actuarial projects and teams.
• Demonstrated advanced proficiency in SQL and R.
• In-depth experience with data visualization tools such as Tableau, QuickSight, and/or Power BI.
• Demonstrated ability to creatively analyze business results and develop appropriate solutions and/or alternatives.
• Demonstrated ability to analyze complex data sets to inform business decisions and improve pricing and reserving strategies.
• Demonstrated ability to develop and maintain detailed workers compensation actuarial pricing and reserving-related models.
• Ability to work independently and collaboratively in a fast-paced environment.
• Collaborate with cross-functional teams to support product development and innovation.
• Ability to clearly and effectively communicate findings/recommendations to senior management and company stakeholders both written and orally.

Competencies:

• Oral and written communication skills.
• Computer skills.
• Technical expertise.
• Analytical thinking skills.
• Problem-solving skills.
• Leadership skills.

Salary Range: $90,000 - $130,000 and a comprehensive benefits package, please follow the link to our benefits page for details! https://www.employers.com/careers/our-benefits-and-perks/

About EMPLOYERS:

As a dynamic, fast-growing provider of workers' compensation insurance and services, we are seeking a goal-oriented individual willing to put their ideas to work! 

We offer a positive, challenging work environment, combined with an opportunity to build your career as you help us grow our business, in innovative and imaginative ways that are uniquely EMPLOYERS! 

Headquartered in Nevada, EMPLOYERS attributes its long-standing success to its most valuable resource, our employees across the United States. EMPLOYERS is known for the quality service and expertise we provide to our clients, and the exemplary work environment we provide for our employees. 

We live and breathe our core values: Integrity, Customer Focus, Collaboration, Initiative, Accountability, Innovation, and Personal Fulfillment. These are the pillars that support how we do business with our clients as well as how we treat each other! 

At EMPLOYERS, you’ll discover an energetic environment that inspires top achievement. As “America’s small business insurance specialist”, we have the resources, a solid reputation and an expanding nationwide identity to enrich your work/life and enhance your career. #LI-Remote #HP22