What are the responsibilities and job description for the Actuary I, Modeling position at MAPFRE Insurance?
Job Summary
Position can be at a higher level commensurate with experience.
Location: Webster MA preferred or within a commutable driving distance. Can be remote.
The Actuary develops actuarial models in accordance with CAS (Casualty Actuarial Society) principles. These models will directly contribute to the overall performance of the actuarial area, with the potential to positively impact other departments across the organization and overall, the results of the company. Will be accountable for ensuring that the models are kept up-to-date and free of errors. Acts as the SME (subject matter expert) for the actuarial models built, detailing the inputs and conclusions to others in the organization.
Knowledge, Skills and Abilities
Education: Bachelor's plus Certificate, e.g., INS 21, 22, 23, or equivalent, related experience
Experience: 2-3 years. Passed MAS I and MAS II or proficient knowledge of equivalent material
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills
Experience: 2-3 years. Passed MAS I and MAS II or proficient knowledge of equivalent material
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills
Additional Knowledge, Skills and Abilities
Required
- Experience with complicated quantitative analyses for insurance companies preferably related to similar products
- General knowledge of either SAS or SQL
- General knowledge of insurance operations and insurance regulation
- Ability to use these skills to modify existing processes or innovate new processes
- Thorough knowledge of Microsoft Office
Preferred
- California Auto experience a plus, especially Modeling
- Credit for at least four exams on the current CAS syllabus
- Experience with Python, R, Earnix, Radar or Emblem
- Programming ability in SAS, SQL, R or Python
- Experience with cloud-based platforms such as AWS
- Proactive in recognizing existing or emerging issues with analysis processes and remediation
- Represents actuarial area as prime contact for completed analyses
- Ability to communicate with senior management and external personnel
If you require an accommodation for a disability so that you may participate in the selection process, you are encouraged to contact the MAPFRE Insurance Talent Acquisition team at talentacquisition@mapfreusa.com.
We are proud to be an equal opportunity employer.
