Wahve Holdings - New Orleans, LA

posted 3 months ago

Part-time
Remote - New Orleans, LA
Professional, Scientific, and Technical Services

About the position

At WAHVE, we are dedicated to transforming the way experienced insurance professionals transition into retirement. Our Actuarial Analyst position allows you to leverage your extensive insurance experience while working from the comfort of your home. We believe in providing a work/life balance that enables you to customize your own schedule, ensuring that you can continue to contribute your expertise in a remote, long-term role. This position is designed for those who want to retire from the office but not from work, allowing you to maintain your professional identity while enjoying the flexibility of remote work. 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 various insurance products, performing competitor analysis to stay informed about market trends, and analyzing claims data to identify changes in frequency and severity. You will lead state and product rate reviews, interpreting bureau rate changes, and collaborate with teams across the organization, including Underwriting, Product Management, Sales, and Finance, to support product revisions and expansions. In addition to these tasks, you will assist in assessing experience and conducting source of earnings analysis, ensuring reserve adequacy, and developing forward-looking drivers for reserve assumptions. 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 role. We are looking for candidates with a strong background in actuarial science, mathematics, economics, or statistics, who are ready to make a significant impact in a supportive and dynamic virtual team environment.

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.
  • Perform 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.
  • 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.
  • Be part of our dynamic yet virtual team environment and connect with other experienced insurance professionals.
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