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EMPLOYERS · 3 months ago

Actuarial Analyst I - Workers' Compensation Insurance

United States

Full-time

Remote

New Grad, Entry Level

$60K/yr - $90K/yr

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.

FinanceFinancial ServicesInsurance

No H1B

Responsibilities

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

Actuarial analysisExcelSQLPythonVBARCommunication skillsTeamworkDetail-orientedProblem-solvingTime managementLearning ability

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