Actuarial Analyst - Commercial Lines - REMOTE

Wahve Holdings

Part-time

Remote

Professional, Scientific, and Technical Services

About the position

At WAHVE, we are committed to revolutionizing the way experienced insurance professionals transition into retirement. We offer qualified candidates the opportunity to continue their careers from the comfort of their homes, allowing them to retire from the office but not from work. Our unique platform promotes a healthy 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, ensuring that our staff and clients receive the utmost care and attention. Our passion for delivering exceptional customer service and preserving industry knowledge drives us to make a meaningful impact through our work. As an Actuarial Analyst at WAHVE, 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 leading state and product rate reviews. You will collaborate with various functional teams, including Underwriting, Product Management, Sales, and Finance, to support the ongoing development and expansion of product offerings. 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. While an ACAS or FCAS designation is preferred, it is not a requirement for this position.

Responsibilities

• Assist with pricing studies to evaluate the profitability of the 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, and Finance 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 as needed.
• Utilize 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 a 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.
• Flexible work schedule options (full or part-time).
• Elimination of office stress and commute.
• Opportunity to utilize years of insurance industry knowledge.
• Dynamic virtual team environment.