Actuarial Analyst

$94,417 - $112,910/Yr

Unclassified - Flint, MI

posted 3 months ago

Full-time - Mid Level
Flint, MI

About the position

The Actuarial Analyst position is a critical role within the Actuarial Department, focusing on ratemaking and loss reserving responsibilities. The successful candidate will be expected to leverage their analytical skills and industry knowledge to develop rate indications by line of business, analyze company loss experience and trends, and facilitate the rate change process. This role requires a strong emphasis on customer service, creative problem resolution, and the ability to build relationships across various departments including Marketing, Underwriting, Information Services, and Finance. The position is based in Flint, Michigan, and offers a hybrid work schedule, allowing for work-from-home options on Mondays and Fridays, while requiring in-person attendance at the home office on Tuesdays, Wednesdays, and Thursdays. In this role, the Actuarial Analyst will prepare formal written recommendations for the Chief Actuary and the management team, ensuring that all rate filings are supported by comprehensive exhibits. The analyst will also be responsible for performing loss reserving across all lines of business, utilizing multiple techniques to recommend appropriate reserve levels. Additionally, the analyst will respond to ad hoc analyses and special project requests, contributing to the overall effectiveness of the Actuarial Department.

Responsibilities

  • Develop rate indications by line of business.
  • Analyze company loss experience and trends as well as industry experience to support ratemaking.
  • Facilitate the rate change process and document rate changes by line of business.
  • Prepare formal written Actuarial recommendations for the Chief Actuary and the company's management team.
  • Prepare supporting exhibits for rate filings by line of business and respond to department of insurance inquiries.
  • Perform loss reserving on all lines of business using multiple techniques and recommend reserve levels to Chief Actuary.
  • Respond to ad hoc analyses and requests, as well as other special projects, as assigned.

Requirements

  • 10 years or more work experience required with a Bachelor's degree, Master's degree, or Ph.D. in Mathematics, Statistics, Economics, Business, or related field.
  • Completion of at least two actuarial exams is required (completion of 4+ exams preferred).
  • Comfortable with computer automation including the Microsoft Office Suite, and a working knowledge of MS Access, SQL, or Visual Basic.

Nice-to-haves

  • Familiarity with Generalized Linear Models (GLMs) and predictive modeling is preferred but not required.

Benefits

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Disability insurance
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid parental leave
  • Paid time off
  • Parental leave
  • Retirement plan
  • Vision insurance
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