What are the responsibilities and job description for the Actuary Analyst - P&C Insurance Pricing position at Career Site?
GBLI | Global Indemnity provides specialty property and casualty insurance for small to middle-market businesses – and we’re on a mission to be the best-in-class while achieving steady, profitable growth. Our guiding principles include the core belief that our people are number one. We also strongly emphasize a customer-centric mentality and disciplined underwriting practices. Our work environment is flexible, friendly, and collaborative, with plenty of opportunities to take charge of your career.
What GBLI offers you:
- Generous paid time off (PTO)
- Professional development opportunities (including a mentorship program)
- Educational assistance program, which covers up to $5,250 in educational costs per year
- Comprehensive health insurance plan (with vision and dental)
- Paid Parental Leave
- Life insurance
- 401(k) retirement plan with up to 6% company match and immediate vesting
- Healthcare and dependent care flexible spending accounts
- Short-term and long-term disability
- Company-sponsored social events
- Various committees to get involved in, which include our Diversity, Equity, and Inclusion Committee, and Charitable Giving Committee
Essential Duties & Functions
- Evaluation of new program opportunities, using information provided and various actuarial methodologies.
- Collaborate with functional teams, such as Underwriting, Product Management, Finance, Claims to support profitability of existing business and expansion of product offerings.
- Analysis of internal and industry/competitor data such as increased limit factors, loss trend, exposure trend, loss development factors, industry loss costs and various rating factors.
- Design business insights tools and reports to monitor company initiatives.
- Performing large account pricing for various products as needed.
- Complete analysis for admitted products and support state filing work as needed.
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics or related field required.
- 2 years of professional property & casualty actuarial experience, pricing, rate making experience preferred
- Active participant in CAS actuarial track with 2 completed exams
- Effective written and oral communication skills. Growing ability to interact professionally with all levels of management and other departments as well as make recommendations
- Broader insurance business knowledge and expertise in multiple lines
- Strong analytical skills with the ability to synthesize date from a number of sources
- Ability to think critically to solve work related problems with creativity
- Strong technical skills in Microsoft office and SQL preferred
