Associate Actuary supporting SAIF's mission to provide affordable workers' compensation coverage in Oregon. Collaborate with a team on financial strategies and actuarial analysis in a remote capacity.
Responsibilities
Development of reasonable loss and loss adjustment expense reserves.
Preparation of various inputs to the annual and quarter financial statements and related filings and participation in regulatory audits.
Development and filing of sound rate recommendations, maintenance of SAIF’s pricing and rate adequacy monitoring tools, conducting trend and market analysis research, and providing support and consult to Underwriting on individual account pricing and the development of technical underwriting guidelines.
Updates to and maintenance of SAIF’s financial forecasts, dividend models, capital models, and surplus analyses.
Completion of supporting documentation and communication including the Own Risk Solvency Assessment (ORSA).
Support for SAIF’s reinsurance program and monitoring of reinsurance coverage including claim reporting, commutations, and financial reporting.
NCCI financial data call process, including calculating any data anomalies and communicating with NCCI to explain SAIF’s data and answer questions.
Conduct and guide research and analysis to inform strategic priorities.
Assist management as a strategic business partner by advising on methods and applications for actuarial analysis.
Design and execute data analysis, and provide support to various external and internal customers, including auditors, reinsurers, and reinsurance brokers, SAIF’s appointed actuary and staff, and SAIF’s executive leadership team and board of directors.
Monitor external information sources for developments that may affect SAIF’s operations and strategies, including such areas as regional business conditions, competitors, demographics, legal or regulatory changes, and medical costs, utilization, treatment patterns and practices, medical outcomes, and healthcare policy.
Assess potential impacts and assist with the preparation of recommendations to inform management response.
Stay abreast of trends and innovations in the casualty actuarial profession related to pricing, reserving, workers’ compensation, and related areas.
Work closely with the Data & Analytics function to monitor and inform data integrity and incorporate the use of analytics to inform decisions.
Coach other staff in the use and interpretation of standard actuarial procedures.
Provide peer review of actuarial work performed by others.
Assist in the training and/or professional development of other staff by mentoring or coaching in specific areas and identifying and developing training needs.
Provide feedback to division leadership to support the performance management processes.
Explore diverse perspectives and consistently behave sensitively toward differences in cultural norms, expectations, and ways of communicating.
Work effectively with others who have different perspectives, backgrounds, and/or work styles.
Requirements
Five or more years of actuarial experience, including at least one year of workers’ compensation experience.
A bachelor’s degree in actuarial science, mathematics, economics, finance, or a related field and membership in the Casualty Actuarial Society.
Continued progress towards or maintenance of membership in the Casualty Actuarial Society in accordance with the guidelines established by SAIF’s Actuarial Study and Professionalism Program.
Other combinations of skills and experience may be considered.
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