Actuarial Analyst

Who We Are

With a comprehensive lineup of Vehicle Protection plans, Sonsio offers industry-leading programs that cover Tire Road Hazard Protection, Appearance, Parts & Labor Warranties, Mechanical Advisory, and other critical consumer services. These benefits provide vehicle owners with affordable and valuable coverages to keep their vehicles on the road safely, and also maximize the resale value by keeping the appearance of their vehicles like-new.

Sonsio Vehicle Protection is committed to innovation and excellent customer service. Since our inception in 1984, Sonsio has been a leader in the automotive industry—serving more than 74,000 dealerships, F&I service providers, manufacturers, insurance companies, parts suppliers, retail chains, and many independent retailers across all 50 states, Canada, and Puerto Rico.

We understand the challenges and complexities that our partners face when it comes to offering vehicle protection plans. There is no one-size-fits-all. Every business we help is different and has their own set of challenges. That’s why, when you partner with Sonsio, we work with you to provide a custom solution designed to improve customer acquisition and retention and increase profitability.

And when it comes to managing claims, you don’t have the time or resources to worry about the headaches. Sonsio provides end-to-end support and decades of expertise to give customers the highest quality services with a world-class customer experience.

Base Pay Range:

As an Actuarial Analyst, your essential job functions will include the following:

• Risk management and reporting
  • Manage the preparation, review, and analysis of monthly risk reports, including dealer-level reports
  • Propose necessary steps to keep company and program profitability at acceptable levels
  • Assist with pricing of new and existing programs
  • Create earnings patterns for new programs
  • Update earnings patterns for existing programs
  • Prepare the following monthly reports:
    • Line of business
    • Risk cubes
    • Triangles
    • Sales reports
    • Claims reports
    • Claims standards/KPI’s
    • Profit share statements
    • Ceding statements
  • Analyze the financial risk and uncertainty of products, services and programs.
  • Strong understanding of the statistical and mathematical principles of risk assessment and management.
  • Implement strategies to minimize and manage risk.
• Consult with clients on:
  • Program and product structure and review
  • Pricing and risk review
• Manage the preparation of forecasts and analysis related to:
  • Sales
  • Claims
  • New strategies and opportunities
  • IT spend
  • Market share, competitor and industry analysis
  • Support sales, operations, accounting, executives with ad hoc requests
• Work with department managers and IT to define business requirements where technology can improve risk management process and support advancement in operations and analytics. Initiate projects that have a positive impact on the business.
• Recommend process improvements, provide innovation suggestions and solutions, identify and understand issues, problems and opportunities. Compare data from different sources to draw conclusions. Take action that is consistent with available facts, constraints and probable consequences.
• Maintain and improve upon existing risk management training and procedure manuals, develop new training and procedure manuals.
• Help maintain data integrity by running reports and analyzing data. Based on findings, work with team to provide appropriate solutions and process improvements to improve data quality.
• Create and deliver risk management metrics and analytics, including dashboards and performance metrics that impact overall decision making.
• Coordinate and assist in auditing internal/external systems to ensure data integrity. Assist in SOX audits by providing and reviewing data, controls, reports and other SOX compliance items.
• Other financial support and analysis as necessary
• Other Duties as Assigned

Position Requirements

• 3 years of experience in an actuarial role and at least 3 CAS exams.
• Bachelor’s degree in actuarial, business, data analytics or related field and/or related equivalent work
• Strong Microsoft Office skills.
• Strong Microsoft Excel skills: Creating/editing formulas, pivot tables, graphs, reports, etc.
• Knowledge or understanding of: Microsoft Power BI, VBA, SQL
• Ability to manage large sets of data.
• Strong interpersonal skills, oral/written communication and presentation skills with ability to communicate technical information in non-technical terms to internal and external customers.
• Good organizational skills, with a history of successfully completing tasks on time.
• Must possess a sense of urgency in solving issues with a high degree of accuracy.
• Experience with workflow, planning and organizational skills.
• Able to adapt to ongoing and fast change, takes initiative, and works independently as well as in a team environment.
• Ability to multitask and manage competing priorities.
• Demonstrated strong attention to detail, problem-solving, critical thinking and analytical skills.
• Comfortable with team-based work structure; ability to demonstrate flexibility on the job.
• Demonstrate initiative, is conscientious and provides complete follow-through on all areas of responsibility.

Competencies Required

• Results Orientation
• Agility
• Initiative
• Influence
• Customer Focus
• Analytical and Critical Thinking
• Diagnostic Thinking
• Collaboration
• Functional Expertise

Physical Job Requirements

• Continuous viewing from and inputting data to a computer screen.
• Sitting for long periods of time.
• Travel as required (<10%).

This position is targeted to be closed on:

Why Sonsio: An amazing opportunity to join a growing organization, built on the efforts of hard working, innovative, and team-oriented people. The compensation offered for this position will depend on qualifications, experience, and geographic location. The total compensation package may also include commission, bonus or profit sharing. We offer a competitive & comprehensive benefit package including: paid time off, medical, dental, vision, and 401k match (50% on the dollar up to 7% of employee contribution). For more information on our benefit offerings, please visit our Dealer Tire Family of Companies Benefits Highlights Booklet.

EOE Statement: Sonsio is an Equal Employment Opportunity (EEO) employer and does not discriminate on the basis of race, color, national origin, religion, gender, age, veteran status, political affiliation, sexual orientation, marital status or disability (in compliance with the Americans with Disabilities Act*), or any other legally protected status, with respect to employment opportunities.

• ADA Disclosure: Any candidate who feels that they may need an accommodation to complete this application, or any portions of same, based on the impact of a disability should contact Sonsio’s Human Resources Department to discuss your specific needs. Please feel free to contact us at 1-800-933-2537 x6550.