Job Description
As an actuarial analyst, you will have few years of experience in the actuarial profession and will be able to mostly work independently. You will support or lead pricing functions for our group insurance products including Paid Family Medical Leave (PFML) and Disability products. You will partner with sales, underwriting, product development and other key stakeholders to drive profitability and growth of our business while maintaining compliant with all relevant laws and regulations.
Pricing
- Develops and improves pricing methodologies, models and tools
- Develops in-depth pricing analysis and reviews to drive continuous improvements to rating/underwriting structure and practices
- Assists with regular reviews of the Group Products’ manual and experience rating algorithms and makes appropriate recommendations to pricing actuaries
- Collaborates with Underwriting, Sales, Compliance, Claims and other key business units on decision-making and ad-hoc requests
- Partners with I.S. to ensure successful implementation of rating changes
Actuarial Models
- Maintains and updates various pricing-related models used by different functional areas of the company
- Reviews updates made to existing processes/models by Actuarial Students
- Identifies and improves data and processes to reduce run-time and errors
Required Knowledge, Skills, Abilities and/or Related Experience
- Bachelor’s Degree required preferably in Actuarial Science, Math, Statistics, or other programs focused on quantitative analysis
- Minimum of 2 years of Life and Health insurance industry experience required. Prior experience with Group Insurance or Employee Benefits and PFML products strongly preferred
- Skilled in spreadsheet and database software usage, familiarity with coding in R
- Ability to analyze and consolidate large amounts of data to identify key findings
- Good verbal and written communication skills
Ability to Travel: Up to 10%
