What are the responsibilities and job description for the Actuary II- Pricing position at MAPFRE?
At MAPFRE, our commitment to care is not just our purpose; it’s the driving force behind everything we do. We care about the things that resonate with the needs of our employees, our customers and the community.
- For Employees: We cultivate an inspiring and dynamic workplace where collaboration and innovation fuel the success of our high-performing teams.
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- For the Community: Our culture of care extends to impactful community engagement and environmental initiatives locally and globally.
This is who we are at MAPFRE, and we invite you to be part of a movement that cares deeply and acts boldly. Together, we make a difference.
Job Summary
Position is located in Webster, MA or within a reasonable commute to accommodate a Hybrid schedule preferred. Consideration for remote.
The Actuary II develops actuarial analyses, with a focus on pricing, in accordance with Casualty Actuarial Society principles. These analyses will directly contribute to the overall performance of the actuarial area with a focus on the analyst’s assigned state(s) as well as the potential to positively impact other departments across the organization and overall the results of the company. As the analyses typically rely upon complex processes, with the potential to change in connection with the organization’s needs, the Actuary II will be accountable for ensuring that the processes are kept up-to-date and free of errors. The Actuary II therefore acts as a subject matter expert for the actuarial analyses carried out, detailing the inputs and conclusions to others in the organization.
Knowledge, Skills And Abilities
Education: Bachelor's Degree or higher.
Experience: 4 - 6 years
Knowledge: General knowledge of industry practices, standards, and concepts within field of work. Applies them to perform work requiring analytical business skills.
Decision Making: Makes decisions recommendations related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion. Decisions influence portions of a project, client relationships and/or expenditures.
Required
Additional Knowledge, Skills and Abilities
- Thorough knowledge of Microsoft Office
- Experience carrying out complicated quantitative analyses for insurance companies or similar organizations; preferably related to products similar to MAPFRE’s
- General knowledge of applicable industry practices, standards, and concepts
- Knowledge of either SAS, SQL or other programming language
- General knowledge of insurance operations and of insurance regulation
- Ability to use these skills to modify existing processes or innovate new processes
Preferred
- Experience with California rate fillings
- Credit for at least 4 exams on the current CAS syllabus
- General knowledge of reinsurance and its implications on the area of focus
Soft Skills
- Works independently under general supervision
- Makes decisions related to a wide variety of situations within management limits. Interprets guidelines and procedures, applying judgment and discretion
- Proactive in recognizing existing or emerging problems with analysis processes and remediating the problems
- May provide training and guidance to less experienced staff
- Manages internal and external relationships
- Represents actuarial area as prime contact for completed analyses Ability to communicate with senior management and external personnel
- Ability to communicate with senior management and external personal
Thank you for considering MAPFRE Insurance as part of your career journey.
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