First Acceptance Insurance · 2 weeks ago
Actuarial Analyst III
Memphis, TN 38116, USA
Full-time
Hybrid
Entry, Mid Level
2+ years expFirst Acceptance Insurance is seeking an Actuarial Analyst III to develop and finalize products, rates, and pricing strategies. The role involves analyzing product profitability, forecasting business expenses, and collaborating with the Product Department to ensure compliance with state regulations.
Auto InsuranceInsuranceLife Insurance
Responsibilities
Responsible for developing and finalizing products, rates, rating plans, pricing strategies, and financial forecasts to achieve company-wide objectives for profitability and growth
Models and analyzes product profitability and associated risks
Analyzes and presents findings of pricing to help drive business; develops new approaches to test and enhance the accuracy of projections
Design improved processes to facilitate increased efficiency
Perform ad hoc analyses for the product team
Support claims analyses
Analyzes trends, factors, and issues that impact results; determines action plans
Forecasts business expenses
Produces quarterly rate level indications; Assesses and communicates changes in indications on a quarterly basis and the drivers of the change(s)
Selects, reviews, and finalizes analyst selections of loss development patterns for each product
Lead contact with the Product Department to generate and finalize necessary documentation for filings within each state, responding to the Department of Insurance, as necessary, including but not limited to filling RLIs (Rate level indications) and state-required exhibits (excess profit, excess expense, and actuarial certifications)
Collaborate with third-party consultants as necessary
Work with auditors as required
Applies expert knowledge to improve processes
Assists with all aspects of predictive modeling including scope, data construction, modeling, and implementation
Assists with the quarterly reserve analysis
Analyzes and presents monthly reserving reports
Prepares monthly estimated loss ratio reports for the accounting team
Assists with reserving year-end forecast. Assists the accounting team in producing annual statements
Manages and reviews work of analyst(s)
Other duties as assigned
Qualification
Required
Requires a bachelor's degree in mathematics, Actuarial Science, or related field
Requires two years of industry experience
Proficient with Excel, Access and/or equivalent software
Completion of 2 or more examinations with the Casualty Actuarial Society
Ability to pursue ACAS/FCAS designation from the Casualty Actuarial Society
Strong analytical skills
Strong communication skills
Ability to work independently and in a team environment
Strong written and verbal communication skills
Excellent interpersonal and communication skills, including presentation skills
Commitment to First Acceptance's company values
Preferred
Familiarity with programming languages preferred (VBA, R, SQL, Emblem or similar platform)
Company
First Acceptance Insurance
First Acceptance Insurance offers car insurance, roadside assistance, and renters insurance with online policy management.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Ken Russell
President and Chief Executive Officer Acceptance Insurance
Recent News
2025-07-16
Virtual Investor Conferences
2025-04-21
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