Actuarial Associate

This position is responsible for the development and direct management of an actuarial team. In this role, the Actuarial Associate will identify and analyze strategies for achieving operational objectives in a variety of categories, such as preparation of quarterly and annual financial statements, managing the rate process for a particular product, providing information to external sources and participating in or coordinating on corporate projects and committees. This person is able to identify areas that need attention and provide solutions. The Actuarial Associate will work without supervision and must be able to independently perform complex assignments and problem resolution. Essential Duties and Responsibilities: 25% Serve as a mentor to junior team members. Review (both technical and peer) work products of coworkers. Oversee the interaction of team members working with the underwriters on the modeling of individual accounts as necessary. 20% Assist the Chief Actuary with the quarterly reserve analysis. This includes the development of Schedule P as well as actuarial supported financial exhibits. 10% Develop data sets for predictive modelling. Participate in predictive modelling efforts. Recommend data elements and structures for adding value to the analysis. 10% Contribute to rate level targeting by assisting in the design, construction, and implementation of tools and processes for assessing rate adequacy 10% Help review, develop, and maintain rating models 5% Performs special projects as directed by management and other related duties as required 5% Represents Actuarial, working cooperatively with other departments on projects and in meetings Secondary Duties and Responsibilities: 5% Responds to statistical data calls and data requests from state insurance departments and other governmental or industry entities including interfacing with other departments (Claims, Underwriting, Legal) as required 5% Prepares rate filings for insurance departments 3% Support rating plans, rates, factors, and pricing tools, including providing actuarial support of state rate filings 2% Assist other departments with technical needs as necessary Qualifications Bachelor’s degree in mathematics or financial related field A minimum of 5-7 years’ actuarial experience Previous experience in a lead actuarial position Actuarial exam credentialing or near credentialing preferred Substantive knowledge of the insurance industry Must be proficient with Microsoft Office Suite including Access Superior written and verbal communication and problem-solving skills. Advanced mathematic and analytical skills. Work well under pressure and within time constraints Demonstrated high quality leadership, sound judgment, organization and prioritization skills Experience with all or part of Excel-based pricing model maintenance and development including VBA capabilities, SQL query development and data management, and predictive analytics Experience using R or SQL is preferred Use programming languages to develop spreadsheets, databases and statistical models Must be able to identify trends and patterns in complex data sets. Explain complex ideas and technical data to different audiences Ability to successfully lead teams and work well with others Must be able to identify risks and recommend plans to manage

Salary : $96,000 - $159,000