Actuary at State Volunteer Mutual Insurance Company responsible for pricing analyses and actuarial support. Collaborates with internal teams, utilizing innovative methods within a collaborative environment.
Responsibilities
Utilize actuarial methods and innovative approaches to perform analyses that assist in pricing new and existing accounts
Oversee the monitoring and reporting on overall rate adequacy
Provide actuarially sound pricing indications for large accounts
Provide actuarial support in the development of new products and services
Calculate actuarially sound overall rate indications as well as indications by rating variables
Provide actuarial and statistical analyses for claim and premium trends
Analyze profitability by segment and propose pricing changes by rating variable
Determine uses for predictive analytics within pricing and risk modeling
May direct the work of lower-level analysts
Collaborate with internal stakeholders such as Underwriting, Accounting, and Claims to support their needs for pricing, mining of data, and reporting
Meet or exceed supervisor’s expectations for productivity, quality, continuous improvement, and goal accomplishment
Complete special projects and other duties assigned
Requirements
Bachelor’s Degree (B.A., B.S.) preferably in a quantitative field such as mathematics, statistics, economics, or actuarial science, or equivalent combination of education and specialized training
Fellow of the Casualty Actuarial Society (FCAS) with 3+ years of related experience -OR- Associate of the Casualty Actuarial Society (ACAS) with 4+ years of related experience -OR- Pre-ACAS (exam 5 must be complete) with 7+ years of related experience
Proficient with Microsoft Outlook, PowerPoint, and Word
Advanced knowledge of data processing abilities, using tools such as Microsoft Excel, Power BI, VBA, and Microsoft SQL
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