What are the responsibilities and job description for the Actuarial Analyst III position at UFG Insurance?
UFG is looking for experienced candidates for an Actuarial Analyst III striving to make a difference at a growing, innovative company. Within the Actuarial Department, you’ll have the opportunity to develop significant expertise and ownership. The ideal candidate in this role will have strong technical skills, demonstrated critical thinking, and an ability to effectively communicate and partner with technical and non-technical partners. This specific position focuses on driving profitable growth in our Core Commercial segment through the development and execution of pricing models and rate strategies. A successful candidate will manage all pricing responsibilities for a line of business.
This role is part of the Actuarial Student Program at UFG and is eligible for exam support through study hours and financial benefits.
Responsibilities
Education:
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.
This role is part of the Actuarial Student Program at UFG and is eligible for exam support through study hours and financial benefits.
Responsibilities
- Assist in the development and maintenance in actuarial tools and diagnostics used internally as well as by business partners
- Own and develop expertise in specific line of business analytics, including countrywide and state-specific indications as well as deep dive / segmentation analyses
- Recommend, execute, and monitor profitability strategies, in partnership with Underwriting and product owners
- Identify and improve process efficiencies within scope of work
- Collaborate with other stakeholders in managing rate filing process for specific lines of business
- Effectively communicate progress and results of various analyses to management and customers
- Stay informed of industry and line of business trends and events
- Other special projects as assigned
Education:
- Five CAS exams required
- Pursuing ACAS/FCAS designation
- Undergraduate degree in Mathematics, Actuarial Science, Statistics, Economics, or related field of study
- 4-6 years of actuarial experience in commercial property & casualty
- At least 2 years of pricing / ratemaking experience required
- Effective verbal, written, and presentation communication skills
- Proficient in the use of actuarial techniques and standards
- Knowledge of commercial insurance products and general insurance/business knowledge
- Ability to be agile and thrive in a dynamic work environment
- Solid interpersonal skills and the ability to work in a team environment as well as independently
- Advanced skills with Microsoft Office products including Excel, Power Point, Word
- Experience with SQL required / R, Python preferred
- General office conditions not subject to adverse environmental conditions
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.
