Actuarial Analyst - Commercial Lines - REMOTE

Wahve Holdings - Raleigh, NC

Part-time

Remote - Raleigh, NC

Professional, Scientific, and Technical Services

About the position

At WAHVE, we are dedicated to transforming the way experienced insurance professionals transition into retirement. Our unique platform allows qualified candidates to continue their careers from the comfort of their homes, providing a perfect blend of work-life balance. We believe in the philosophy of retiring from the office but not from work, enabling our team members to utilize their extensive insurance expertise in a remote, long-term position that includes comprehensive company benefits. We pride ourselves on creating a welcoming and supportive work environment, characterized by friendly and professional leadership. Our commitment to exceptional customer service and preserving industry knowledge drives our passion for making a meaningful impact through our work. As part of our team, you will have the opportunity to contribute to the insurance sector while enjoying the flexibility of a customized work schedule. We are currently seeking experienced Actuarial Analysts to assist our insurance carrier clients. In this role, you will be responsible for conducting pricing studies to evaluate the profitability of insurance products, performing competitor analysis, 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, analyzing sources of earnings, and developing reserve assumptions and recommendations. Your expertise in statistical techniques and data manipulation will be crucial in building predictive models that address underwriting and claims issues.

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).
• Opportunity to work from home and eliminate office stress and commute.