Actuarial Analyst

Company: ProAssurance
Location: Birmingham
Posted on: May 23, 2020

Job Description:

An exciting opportunity exists to join the ProAssurance family of companies! We are a specialty writer of professional liability, products liability and workers' compensation insurance. With over 1,000 employees operating in 40 states, our company is well positioned to offer career opportunities to individuals interested in professional growth.The Actuarial Analyst uses data to measure risk for the company. This position coordinates, prepares and performs actuarial analyses used in assessing risks and determining rates and future results. The Actuarial Analyst will work with little supervision and must be able to perform moderately complex assignments and problem resolution. This position requires an understanding of rate making and compliance and is comfortable making recommendations related to reserving. Working alongside the Actuarial Specialist, the Actuarial Analyst is also responsible for actuarial compliance calls.Essential Duties and Responsibilities:

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• 30% Develop and analyze rate indications and loss development factors
• 20% Responsible for quarterly and annuals financial reporting including but not limited to Schedule P, Statutory Page 14 and Supplement A to Schedule T, includes responsibility for standard reserves and standard reinsurance agreements
• 10% Reviews (both technical and peer) work products from co-workers
• 10% Performs special projects as directed by management and other related duties as required
• 8% Performs class plan and territory analysis.
• 5% Assists with data collection and analysis.
• 5% Represents Actuarial, working cooperatively with other departments on projects and in meetings.
  
  
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  • Secondary Duties and Responsibilities:
  • 4% Supervise and mentor junior team members.
  • 3% Prepares rate filings for insurance departments.
  • 3% Responds to statistical data calls and data requests from state insurance departments and other governmental or industry entities including interfacing with other departments (Claims, Underwriting, Legal) as required.
  • 1% Creates rate spreadsheets that contain data to be uploaded into the policy administration system.
  • 1% Maintains spreadsheets that store miscellaneous company, competitor and industry information. Explains include class plans, indicated specialty relativities, rates (by states), ratemaking assumptions and expenses.
    
    Qualifications
    
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    • Bachelor's degree in mathematics or financial related field.
    • A minimum of 6 years' actuarial experience.
    • Completion of 4 or more actuarial exams preferred.
    • Substantive knowledge of the insurance industry.
    • Superior written and verbal communication and problem-solving skills.
    • Must be proficient with Microsoft Office Suite including Access Experience using a mapping software such as MapInfo is preferred.
      

Keywords: ProAssurance, Birmingham , Actuarial Analyst, Professions , Birmingham, Alabama