Actuarial Analyst I - Workers' Compensation Insurance
United States
Full-time
Remote
$60K/yr - $90K/yr
New Grad, Entry Level
EMPLOYERS is a dynamic, fast-growing provider of workers' compensation insurance and services. The Actuarial Analyst I position involves analyzing company and industry data to support actuarial functions such as product development and pricing, while contributing to financial statements and reports.
Complete assigned standard actuarial analysis under close guidance, using basic actuarial techniques. This includes utilizing actuarial systems and programming skills to access and organize the data, performing the applicable actuarial calculations, analyzing moderate to complex information, evaluating results and the accuracy of inputs, and updating exhibits and slides.
Complete actuarial analysis and other assigned tasks on time and in keeping with corporate and professional standards, including all documentation, and effectively communicate project progress and status to relevant parties.
Provide information and explanations to peers and team members as needed.
Demonstrate effort in learning about EMPOYERS and the Work Comp industry.
Demonstrate self-awareness and relate well to fellow team members.
May assist in preparing actuarial analysis and support, on some of the following: Rate indications, Profitability Reviews, Development of new insurance products, Preparation and defense of rate and rule filings, Development and maintenance of pricing tools and dashboards, Transactional pricing/loss rating for large accounts, Analysis to determine the Budget Loss Ratio, and other Financial Plan components.
Progressively demonstrates increasing knowledge in various areas listed above.
May assist in preparing actuarial analysis and support, on some of the following: quarterly loss reserve analysis, on a gross and net-of-reinsurance basis, company balance sheet liabilities, quarterly/annual financial statements, including exhibits and reports, quarterly/annual actuarial reports, including the Statement of Actuarial Opinion, for each company and segment, audit request materials, data calls for NCCI, WCIRB, and other bureaus, requests from actuarial pricing (in the preparation of rate indications, profitability reports, and other applications) and other units.
Progressively demonstrates increasing knowledge of the projects listed above, in addition to: internal and external (bureau) data sources, actuarial methods.
Qualification
Required
Must have a solid working knowledge of Excel, Word and PowerPoint.
A current knowledge of or a capacity for learning to use other software products such as SQL, VBA, R, Python and/or commercial pricing and reserving tools is expected.
Must be detail oriented and capable of working with close, but gradually less, supervision.
Must be diligent and able to effectively follow direction in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management.
Must work well in a team-oriented, collaborative environment.
Must possess effective written and verbal communication skills.
Must have a bachelor’s degree, preferably in Actuarial Science, Mathematics, Statistics, Economics, or Business.
Remote: This role is remote, and only open to candidates currently located in the United States and able to work without sponsorship.
Preferred
Successful completion of one or more exams towards attaining ACAS/FCAS or equivalent certification is strongly preferred.
Master’s degree or higher is a plus.
Benefits
Comprehensive benefits package
EMPLOYERS is a provider of workers' compensation insurance for small businesses.
