Western Reserve Group · 5 hours ago
Actuarial Trainee
Wooster, Ohio, United States
Full-time
Onsite
New Grad, Entry Level
$49K/yr - $73K/yrWestern Reserve Group is seeking an Actuarial Trainee to provide complete and accurate information for management's decision-making regarding rate levels and loss reserves. This role involves assisting in rate change implementations and conducting research to improve risk selection and financial performance.
Commercial InsuranceFinancial ServicesInsurance
Responsibilities
Provides information to be used in determining rates and/or loss and loss adjustment expense reserve levels. This information may be internal to the company, industry data or competitive information
Assists in the implementation of rate change decisions in conjunction with Actuarial staff. This includes calculations of overall effects, filing with regulators and ensuring rate manuals and policy processing systems are properly updated
Performs research on projects intended to improve risk selection, claims settlements, or general financial improvement of the company. This includes data mining and analysis as well as other projects as requested
Pursues continuing education by studying for and successfully completing actuarial examinations
Qualification
Required
BS/BA or Equivalent in Actuarial Science, Mathematics or related course of study
Intermediate computer skills including familiarity with spreadsheets and databases
Strong Communication Skills
Advanced skills are required including coursework in calculus, linear algebra and probability/statistics
Ability to understand actuarial concepts and apply logic to solve complex problems
Capable of making independent decisions
Preferred
Exposure to a statistical programming language such as R, Python, and/or SAS is a plus
Preference will be given to candidates with credit for at least one Casualty Actuarial Society exam
Advancement in the CAS examinations is desirable but not required
Benefits
Company-sponsored assistance
Company
Western Reserve Group
The Western Reserve Group operates exclusively through over 400 independent insurance agents, providing insurance protection to over 167,000 households,farms and businesses in the states of Ohio & Indiana.
Founded in 1906
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Shutt
Chief Financial Officer
Company data provided by crunchbase