AAA-The Auto Club Group · 2 weeks ago
Actuarial Analyst II
Detroit Metro
Full-time
Hybrid
Entry, Mid Level
$75K/yr - $90K/yr
1+ years expAAA The Auto Club Group is a leading provider of membership, travel, insurance, and financial services to millions. The Actuarial Analyst II will develop pricing and reserving for property/casualty insurance products, analyze data, and support regulatory filings while applying actuarial methods to make informed recommendations.
Insurance
Responsibilities
Analyze data, develop material and prepare appropriate communications
Compile and organize data for actuarial review
Prepare reports, proposals, system documents, filing support and documentation files
Provide support to projects as required
Formulate and interpret mathematical ratemaking and/or reserving models using available tools
Perform ad hoc analyses, including classification, inflation, and tail factor analyses, for current and future products
Support state and regulatory filings and respond to inquiries from auditors/DOIs
Work with IT and business technical support in gathering and verifying data for rate indications, rate revisions, reserve indications and special projects
Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations
Research suitable trend indications for analysis
Communicate effectively with others in a work environment and make oral presentations to business units
Represent the department on inter-department teams
Execute the scheduled rate reviews and indications to ensure rates are adequate, not excessive or unfairly discriminatory and internally consistent with experience
Analyze and prepare competitive product and rate comparison reports
Analyze competitor’s rate structures and coverage
Develop and prepare competitor rate manual analysis
Qualification
Required
Bachelor's degree in Mathematics, Actuarial Science, Statistics or a related field
Successful completion of two or more actuarial examinations
Maintain eligibility in the Actuarial Professional Development Program following department guidelines
18 months (1.5 yrs) of experience in an actuarial environment to include: Analyzing technical studies and data and drawing sound conclusions
Calculating premium or reserves for new or existing products
Performing research and statistical analysis to complete assignments
PC software applications (e.g. Word, Excel, PowerPoint, etc.)
Statistical software tools and/or statistical modeling concepts to develop recommendations and draw conclusions
Prepare presentation of material
Manage workflow to achieve multiple goals
Work individually and as part of a team
Apply actuarial methods and principles to obtain indications, complete projects, analyze results and make recommendations
Preferred
Knowledge of insurance industry terminology and concepts
Benefits
401k Match
Medical
Dental
Vision
PTO
Paid Holidays
Tuition Reimbursement
Company
AAA-The Auto Club Group
AAA - The Auto Club Group (ACG) is the second largest AAA club in North America, serving more than 13+ million members across 14 U.S.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Joseph Richardson Jr
President and CEO
Peggy Gartin, CFA
SVP | Chief Investment Officer
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