Westfield Specialty Insurance · 4 hours ago
Actuarial Analyst
Chicago, IL
Full-time
Onsite
New Grad, Entry LevelWestfield Specialty Insurance is seeking an Actuarial Analyst to provide actuarial pricing support for their US Specialty lines of business. The role involves developing actuarial skills on complex classes and collaborating with underwriting leaders to implement pricing and analytical capabilities that influence strategic business decisions.
Insurance
Hiring Manager
Erika Qualben, MBA, HRPM
Responsibilities
Assist in conducting profitability and segmentation analyses to identify profitable growth opportunities and areas requiring remediation
Prepare monthly and quarterly reports on pricing and portfolio performance, monitoring key actuarial metrics including risk-adjusted rate change, actual vs. technical price, and mix of business
Assist in building and analyzing exposure profiles to assess portfolio composition and concentrations of risk
Support regular improvements to technical pricing models including enhancements for unique structures and implementing more comprehensive data capture
Collaborate with underwriting teams to perform pricing / profitability evaluations for individual accounts as needed
Partner with other functions to improve data quality and integration into pricing tools and analytical frameworks
Contribute to actuarial studies and research projects aimed at improving pricing sophistication, drawing on predictive modeling techniques
Assist in actuarial due diligence for new product launches and program opportunities, including development of pricing structures and regulatory support
Improve efficiency of data extraction and manipulation processes for routine projects
Communicate analytical insights to underwriting and business partners to inform decision-making and strategy
Qualification
Required
Bachelor's degree within Actuarial Science, Statistics, or similar technical field
At least 2 Exams toward qualification by the Casualty Actuarial Society or equivalent professional body
Actuarial or related internship experience at an insurance carrier, broker, or consultancy; understanding of actuarial concepts such as loss development and exposure rating
Advanced skills in Microsoft Excel and familiarity with coding in SQL, VBA, or R/Python
Experience with statistical modeling and predictive analytics
Ability to work with large datasets and ensure data integrity
Strong written and verbal communication skills and an ability to explain technical concepts to a wide audience
Ability to prioritize competing demands and requests to complete work within required time constraints
Self-starter that is energized by independent learning and research
Benefits
Competitive Actuarial Study Program to support and reward you as you complete the Casualty Actuarial Society Exams
Company
Westfield Specialty Insurance
Westfield Specialty is a prominent specialty insurance carrier, leveraging the financial strength of Westfield, a leading U.S.-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Brad Kass
Chief Operations Officer
Manoj Jain
Chief Information Officer
Company data provided by crunchbase