What are the responsibilities and job description for the Statistical/Actuarial Analyst position at Infojini Inc?
Below is the job description for the position :
Position Title - Statistical / Actuarial Analyst
Location - Albany, NY & New York City, NY (Hybrid)
Duration- 6-12 Months (with possible extension)
Minimum Candidate Qualifications :
The candidate must have a minimum of :
a. Bachelor's degree including 24 semester credit hours in mathematics, statistics, or actuarial science; and
b. Eligible to work in New York State
Writing Samples Needed : Business Writing Examples
We are seeking business writing samples to evaluate your communication skills. Examples of common business writing include :
Business Letters / Emails / Memos / Handbooks / Business Reports / Press Releases / Newsletters
Please provide relevant samples if you have experience creating any of these documents.
Job Description and Required Services :
- assists in constructing actuarial tables by analyzing and presenting data;
- assists in reviewing the actuarial basis of plans and calculates premiums; evaluates premium rates, reserves, and liabilities;
- assists in reviewing methods used to value categories of policies, special benefits, or special liability terms;
- assists in checking the mathematical accuracy of calculations;
- participates in field examinations of one or more of the following : life insurance companies, fraternal benefit societies, health maintenance organizations (HMOs), commercial carriers, non-profits, and retirement systems;
- assists in preparing valuation memoranda; assists in reviewing health insurer rate submissions and statistical compilations;
- reviews insurance company rate filings and reserve analysis for compliance with standards; maintains in-house databases;
- reviews claims records and death and disability cases to establish proper estimates of eventual incurred losses;
- computes loss reserves for death and disability cases;
- calculates the present values of workers' compensation cases and the amount payable to claimants;
- calculates reserves for transfers, disability, and deferred allowances;
- computes cost-of-living factors for supplemental pensions paid to annuitants;
- checks computations for valuation and service retirement allowance
- assists with special projects and research as needed; and
- performs other duties as assigned.
In addition, the candidate must possess and / or have the ability to :
Thanks & Regards
Infojini Consulting
Website : https : / / www. infojiniconsulting.com
Address : 10015 Old Columbia Road, Suite B 215, Columbia, MD 21046