AAA - Costa Mesa, CA
posted 4 months ago
The Actuarial Analyst II position at the Automobile Club of Southern California is a hybrid role that requires three days in the office per week, located in Costa Mesa, CA. This role is essential for performing statistical analysis of premium, loss, and insurance expense experience. The analyst will utilize the results of their analyses to recommend necessary changes to rates and rating plans, as well as perform evaluations of reserve levels and suggest adjustments as needed. In this position, you will be responsible for data gathering, calculations, and analyses that support the development of rates and rating plans. This includes reviewing reserves, responding to insurance department data calls for policy information, and engaging in various actuarial projects. You will submit requests to prepare insurance-related data files and import data from extracts or the Actuarial Data Warehouse into computer applications to generate reports. Analyzing data using software applications is a key part of the role, and you will review results to make preliminary decisions. Additionally, you will present your findings and recommendations to Actuarial management, adhering to the rules and philosophy defined by management. Developing predictive models for ratemaking projects is also a significant responsibility. You will assist in implementing rate and rating plan changes, which includes developing rating tables for the processing system, executing test cases, and creating training materials. Regulatory filings regarding rate and rate plan changes will also be part of your duties. You will provide actuarial expertise to other analysts and technicians, assist other departments with information and analyses, and work towards your professional designation by passing actuarial exams. Representing the Actuarial business unit at planning meetings and preparing comparisons of competitors' rates and rating plans are additional tasks you will undertake. Researching legislation or court decisions that may impact insurance costs and preparing recommendations to modify rate structures will also be part of your responsibilities.