Actuarial Analyst - Commercial Lines - REMOTE

Wahve Holdings - Richmond, VA

Part-time

Remote - Richmond, VA

Professional, Scientific, and Technical Services

About the position

At WAHVE, we are dedicated to transforming the way experienced insurance professionals transition into retirement. We offer a unique opportunity for qualified candidates to continue their careers from the comfort of their homes, allowing them to retire from the office but not from work. Our platform is designed to provide a real work/life balance, enabling you to customize your work schedule while leveraging your extensive insurance expertise in a long-term remote position that includes company benefits. We pride ourselves on creating a welcoming work environment with friendly and professional leadership, and we are committed to delivering exceptional customer service while preserving valuable industry knowledge. As an Actuarial Analyst, you will play a crucial role in assisting our insurance carrier clients. Your responsibilities will include conducting pricing studies to evaluate the profitability of insurance products, performing competitor analysis to stay informed about market trends, and analyzing data to understand changes in insurance claims frequency and severity. You will lead state and product rate reviews, interpret bureau rate changes, and collaborate with various functional teams such as Underwriting, Product Management, Sales, and Finance to support product revisions and expansions. Additionally, you will assist in assessing experience, conducting source of earnings analysis, and developing reserve assumptions and recommendations. Your expertise in statistical techniques will be essential for building predictive models that address underwriting and claims issues, and proficiency in data manipulation using tools like SAS, SQL, R, or Python will be highly valued.

Responsibilities

• Assist with pricing studies to evaluate the profitability of company's insurance products.
• Perform competitor analysis to maintain awareness of pricing and product developments in the marketplace.
• Conduct trend analysis to understand changes in the frequency and severity of insurance claims.
• Lead state and product rate reviews and filings by interpreting bureau rate changes.
• Collaborate with functional teams such as Underwriting, Product Management, Sales, Finance, etc. to support ongoing revisions and expansion of product offerings.
• Assist in the assessment of experience, source of earnings analysis, reserve adequacy, and forward-looking drivers to develop reserve assumptions and recommendations.
• Aid in the development of rating methodologies concerning both existing and new company products.
• Extract and manipulate data in relational databases, SAS, SQL, R or Python preferred.
• Use statistical techniques to build predictive models addressing underwriting or claim issues.

Requirements

• 25 years of full-time work experience.
• 10 most current years of actuarial experience in the Property & Casualty sector.
• Bachelor's degree in actuarial science, mathematics, economics, statistics, or related major.

Nice-to-haves

• ACAS or FCAS designation preferred but not required.

Benefits

• Health insurance based on eligibility.
• 401(k) with a 4% match.
• Eliminate the office stress and the commute.
• Choose the work you would like to do now.
• Customize your schedule - full or part time.
• Utilize your years of insurance industry knowledge.