Associate Actuary

This position is ideal for an actuary eager to make an impact and expand their professional horizons. This person will focus on BOP and Homeowners products, with the remaining time dedicated to various actuarial initiatives, including pricing, reserving, reinsurance support, and more.

Minimum Qualifications

• 2–3 years of experience, preferably in Admitted Homeowners or BOP pricing.
• 2–4 actuarial exams completed, with a commitment to pursuing CAS designation.
• Proficiency in MS Excel.
• Knowledge of SQL or other programming languages is preferred.
• A proactive, creative approach to problem-solving.
• Exceptional interpersonal skills, with the ability to communicate complex results to diverse audiences.
• Strong organizational and prioritization skills
• Ability to think creatively, highly-driven and self-motivated.
  
  

Primary Job Functions

• Perform regular rate indications for all states and programs using standard actuarial methods.
• Recommend rate actions with a focus on profitability while considering market conditions and regulatory constraints.
• Identify areas of strong profitability for growth and underperforming segments for contraction or exit.
• Collaborate with the CAT modeling and reinsurance team to assess and address segments driving PMLs.
• Clearly and concisely present findings and recommendations to a range of stakeholders, including senior actuarial management, underwriting teams, compliance officers, external MGA partners, and regulators.
• Prepare rate filing analyses and exhibits, ensuring alignment with state-specific requirements and filing checklists.
• Coordinate with compliance to ensure timely filing submissions.
• Address DOI objections strategically, promptly and effectively.
• Support additional initiatives, such as due diligence on new programs, reserve reviews for assigned segments, and data calls.
  
  

The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.

Additional Information

Full benefit package including medical, dental, life, vision, company paid short/long term disability, 401(k), tuition assistance and more.

Please be aware of job fraud(s) – all correspondence emails regarding your candidacy will come from our Fortegra.com email address. Thank you.