Workers' Compensation Insurance Rating Bureau of California (WCIRB) · 5 hours ago
Lead Actuarial Analyst
San Francisco, CA, US
Full-time
Hybrid
Senior Level
$160K/yr - $170K/yr
5+ years expThe Workers' Compensation Insurance Rating Bureau of California (WCIRB) is looking for an experienced Lead Actuarial Analyst interested in having a critical role in the WCIRB’s actuarial functions. This position will be responsible for leading various complex actuarial analyses, supervising data collection processes, and providing insights on trends and cost drivers related to the WCIRB’s core ratemaking functions.
Insurance
No H1B
Responsibilities
Leads the analysis and evaluation of statistical data pertaining to pure premium rates; identifies trends or cost drivers; prepares materials for committees or rate filings to evaluate impact of various cost drivers on pure premium rates
Leads actuarial analyses of aggregate data and ratemaking methodologies; recommends adjustments to actuarial ratemaking methodologies to the Vice President, Actuary and Chief Actuary; periodically validates appropriateness of methodologies
Provides key deliverables and correspondence with WCIRB members and other customers, such as the insurance department and governmental agencies, on complex data and other technical issues, with minimal or no supervision
Represents Actuarial department and provides subject matter expertise on actuarial data and data collection processes to representatives of other units of the WCIRB on various cross-functional projects and issues
Prepares, reviews, and analyzes various studies of aggregate and classification experience for rate filings and other reports produced by Actuarial Services included those presented to WCIRB Committees and Working Groups
Leads the Actuarial team’s efforts in collaboration with the IT department on the development and changes to applications used by the Actuarial team and customers to submit, retrieve, and/or analyze data
Supervises the development and maintenance of data products and oversees the fulfillment of data requirements pursuant to statutory and regulatory mandates
Performs peer reviews of analysts’ work
Supervises actuarial analysts in various aspects of analyses; oversees progress of projects and guides projects to completion in an accurate and timely manner
Qualification
Required
Educational background (Bachelor's degree or above) in a technical field such as mathematics, actuarial science, applied statistics, or economics
Five years of experience as an actuarial analyst in a property/casualty insurance company, rating organization, consulting firm, or a state insurance department
Very strong professional communication skills, both verbally and in writing
Strong listening and interpersonal skills
A high level of ability in the utilization of mathematical techniques for the analysis of statistical information
The ability to develop a complete theoretical framework with precisely-defined relationships, as necessary in special studies or rate revisions
Very strong proficiency in the following three areas with six years' experience preferred: mathematics, applied statistics, and programming (in a language such as VBA, SQL, R, or Python)
Proficiency in Microsoft Office Suite
Associate of the Casualty Actuarial Society (CAS) or at least six CAS exams with extensive related experience
Benefits
Hybrid work environment (40% onsite 60% remote)
Medical, dental and vision benefits
Competitive PTO Program
401K and pension plan
Annual incentive plan
Social activities
Community volunteer involvement
Company
Workers' Compensation Insurance Rating Bureau of California (WCIRB)
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) is a private, nonprofit association of insurance companies licensed to transact workers' compensation insurance in the state of California.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Andrea Coleman
Executive Vice President & Chief Operating Officer
Carissa Moten
Human Resources Business Partner
Company data provided by crunchbase