What are the responsibilities and job description for the Actuary position at Lockton Affinity?
Your Responsibilities
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- Proactively monitor and assess the performance of insurance programs to ensure alignment with organizational goals and objectives and deliver expected results in terms of profitability, growth, and operational efficiency.
- Develop detailed actuarial-style data reports for carrier submissions, new business opportunities, and program evaluations. Ensure that data is accurate, comprehensive, and presented in a manner that supports key decision-making processes.
- Conduct in-depth analysis of program performance, profit commissions, loss ratios, and other critical metrics. Use this data to identify trends, risks, and opportunities, providing management with actionable recommendations that support both short-term and long-term objectives.
- Collaborate with stakeholders, including underwriting teams, senior leadership, and carrier partners to understand needs, identify opportunities, and develop strategic solutions. Effectively communicate performance results, analysis, and recommendations through detailed reports and presentations.
- Build strong working relationships with carrier partners to align on strategic goals. Ensure that the data provided supports mutual objectives, optimizing the performance and profitability of the programs.
- Work closely with IT teams to ensure that systems and reporting tools are optimized and updated as needed to support the evolving needs of the business. Prioritize and provide support for necessary changes to IT systems and management reports.
- Ensure all data used for underwriting analysis and reports is accurate, consistent, and reliable. Implement checks and balances to maintain high data integrity across all reports and analysis.
- Remain informed on industry developments and effectively communicate the implications both internally and externally.
- Communicate and explain complex analytic concepts to stakeholders.
- Compile, analyze, interpret, and present data trends to guide decision-making.
- Quantitative mindset as evidenced by a bachelor’s degree in actuarial science, math, statistics, analytics, data science, computer science, finance, or other business-related degree.
- Strong critical thinking and problem-solving skills.
- Highly effective oral and written communication skills.
- A strong desire to work collaboratively with others.
- Proficiency with Microsoft Office products, particularly Excel.
- Self-motivation and the willingness to take initiative and ownership on projects.
- Prior analytics experience, particularly in the P&C industry, is strongly preferred.
- Prior experience with Power BI is preferred.
- Actuarial exams are a plus, but not required.
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