Actuarial Analyst - Pricing

Argo Group - Chicago, IL

Full-time - Entry Level

Chicago, IL

Merchant Wholesalers, Durable Goods

About the position

The Actuarial Analyst - Pricing role is critical to supporting the actuarial pricing strategy at Argo. We seek an individual that can support business partners regarding optimization of the portfolio. Our expectation is for continuous development of actuarial skills towards working independently, problem-solving issues and bringing fresh ideas for improvements to the team. The role will work hybrid (no less than three days per week on-site) at one of our following offices: San Antonio, TX, Chicago, IL and New York City, NY. In this position, you will work in a team environment with underwriting, claims, financial, IT, digital and marketing professionals. Your data work will involve using R, Python, SQL, Excel, and PowerBI for tasks such as data cleansing/manipulation, exploratory data analysis (EDA), and model building. You will support a full range of actuarial and financial analysis to quantify performance, including predictive modeling. Close collaboration with business partners will be essential as you manage actuary's direction to provide ways to improve portfolio performance. Additionally, you will support the evaluation of new business opportunities and/or programs, sharing recommendations with business partners. Participation in the loss ratio planning and reforecast process on a quarterly basis will be required, including rate change, loss trend, mix shift, and non-rate actions. You will also explore and become proficient in new tools to drive efficiency and refine existing workflows, create and automate datasets and reports for actuarial analysis, and complete rate filings where applicable.

Responsibilities

• Work in a team environment with underwriting, claims, financial, IT, digital and marketing professionals.
• Perform data work in R, Python, SQL, Excel and PowerBI including data cleansing/manipulation, exploratory data analysis (EDA) and model building.
• Support a full range of actuarial and financial analysis to quantify performance including predictive modeling.
• Work closely with business partners at managing actuary's direction to provide ways to improve portfolio performance.
• Support evaluation of new business opportunities and/or programs and share recommendations with business partners.
• Participate in loss ratio planning and reforecast process on a quarterly basis including rate change, loss trend, mix shift and non-rate actions.
• Explore and become proficient in new tools to drive efficiency and refine existing workflows.
• Create and automate datasets and reports for actuarial analysis.
• Complete rate filings, where applicable.

Requirements

• Bachelor's Degree in Mathematics, Actuarial Science or Finance related field.
• 3+ exams in current pursuit of ACAS or equivalent experience.
• 2+ years of actuarial experience, preferably with commercial lines.
• Experience with at least one coding language (SQL, R, Python, SAS, VBA, etc.).
• Broad overall knowledge of insurance.
• Strong communication skills with the ability to convey technical concepts to management and other functional areas.
• Ability to interact and work within a team environment and approach actuarial work as a collaborative product.
• Ability to support concurrent projects.
• Polished and professional written and verbal communication skills.
• Detail-oriented with the ability to quickly evaluate accuracy of information.
• Proficient PC skills developed through extensive use of Windows and Microsoft Office Suite (particularly Excel, Outlook, and Word).

Nice-to-haves

• Predictive modeling experience.
• Rate filing experience.
• Creative and flexible mentality.